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Law Firms' New Real Estate Strategies

CHICAGO—Like the traditional office sector, law firms are beginning to see the value in collaborative space, food amenities and long-term leases that allow them to amortize the capital expenses of modernizing their space, Colliers experts tell GlobeSt.com.

By Carrie Rossenfeld | colliers | Updated on March 21, 2017

Arends: “Law firms are definitely looking at their human capital as a way to bring revenue and wealth to the bottom line.” Arends: “Law firms are definitely looking at their human capital as a way to bring revenue and wealth to the bottom line.”

CHICAGO—Like the traditional office sector, law firms are beginning to see the value in collaborative space, food amenities and long-term leases that allow them to amortize the capital expenses of modernizing their space, Colliers International‘s Daniel Arends, a principal in the firm’s Chicago-office, and Colin Scarlett, EVP in the firm’s Vancouver office, tell GlobeSt.com. We spoke with Arends and Scarlett, who lead Colliers’ specialized Law Firm Services Group, just as its latest research report was released, about how law firms are viewing their space and the latest emerging real estate trends.

GlobeSt.com: How are law firms changing the way they look at real estate?

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