In an effort to reduce its real estate overhead costs and promote flexible work arrangements, Faegre Baker Daniels is downsizing its office in South Bend, Indiana. The Am Law 100 firm is moving from 40,000 square feet of space at the 14-story Key Bank Building to a mere 551 square feet at a co-working space across the street from the University of Notre Dame.
“We know that clients are more and more interested in making sure that they’re getting value,” said Thomas Froehle Jr., the firm’s newly appointed managing partner. “We think they want us to make sure we’re operating our businesses like they do and being efficient with how we allocate overhead. So if we can find ways to reduce our overhead cost then obviously it allows us opportunities to provide more value to clients.”
