More law firms are signing office leases in Manhattan this year, as firms commit to attendance policies and look for efficiencies in office space. Some of the latest lease transactions include Covington & Burling, which signed for a new office at Hudson Yards, and Willkie Farr & Gallagher, which renewed its headquarters space, according to brokers.
Overall this year, law firms have been more likely to leave their current spaces and relocate, but they continue opting for smaller spaces, according to leasing data from real estate firms Savills and Cushman & Wakefield.