Philadelphia-based law firms plan to cut down on their local office footprint by as much as one-half of their current square-footage, as the industrywide shift to remote work has catalyzed a reevaluation of excessive overhead expenses.
Legal industry leaders—which have long sought to reduce rent costs to increase profitability—are getting creative with floor plans and how they allocate work space. Many firm leaders say they’re considering staggering the usage of individual work units, or “hoteling,” reducing solo offices in favor of building out collaborative work spaces and allowing a hybrid split between remote and in-office work.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]