Business of Law
BigLaw firm opts for smaller office space in ‘realistic reset’ of real-estate spending
Posted Dec 5, 2013 1:42 PM CST
By Debra Cassens Weiss
Nixon Peabody is giving up some square footage as it moves to new office space in Washington, D.C
The law firm is downsizing its space by about 30 percent in the move about four blocks north, the Washington Post reports. D.C. managing partner Jeff Lesk told the newspaper that real estate is too expensive to have too much space in reserve. Many D.C. firms are opting for smaller spaces, he said, but Nixon Peabody is going further than most of them.
The firm will shrink its space for a library, secretaries and office services, and may combine spaces such as conference and break rooms. It’s all part of “a realistic reset in what’s appropriate real estate spend for a top notch law firm,” he said. “The traditional square footage is not necessary to do a great job serving clients and providing a great workspace.”