Robert O. Link, Jr., Cadwalader's chairman, says, "It was logical to stay where the action is, has been and will continue to be for years to come." Link said the decision came after a long and thought-out process and that the firm evaluated space in many areas both inside and out of Manhattan.

"It is not just an extraordinary building to look at, but it has all of the features we need as a growing law firm--access to state-of-the-art technology, the ability to customize a work environment tailored to the needs of a 21st century law firm and easy accessibility to and for our clients," Link says. "Our intention is to grow to 750 lawyers – a goal that can comfortably be accommodated in One World Financial Center."

The firm's current headquarters at 100 Maiden Lane, which it owns, have been on the market since the early summer. The firm reportedly paid $20 million for the 24-story, 325,000 sf site in 1984 and needs more space. Noble Carpenter, Mark Marasciullo and Jay Miele are the Jones Lang LaSalle team handling the sale.