Withers set to ramp up use of flexible working with move to smaller London HQ
Firm signs 15-year lease for 60,000 sq ft at 20 Old Bailey
July 21, 2017 at 05:22 AM
2 minute read
Withers has signed a lease for new, smaller London premises as the firm gears up to increase its use of agile working to reduce its City rent bill.
The firm has signed a lease for 60,000 sq ft at 20 Old Bailey, not far from its current London headquarters at 16 Old Bailey, where it occupies 69,134 sq ft.
Withers will has agreed a 15-year lease on the new offices, which it will move to in summer 2018.
The firm will take space across the ground floor and floors three and four of the building, which is currently being renovated by Blackstone Property Management.
To date, Withers has experimented with agile working in some of its teams, but expects to introduce more elements such as hot-desking when it moves to its new premises.
A report released by commercial property company CBRE in March revealed that the amount of new London leases taken up by the largest law firms in the capital fell by more than 50% last year, as trends including flexible working push law firms to rethink their real estate footprint.
The report, which canvassed the largest 100 law firms in London, revealed that the total space taken through new London law firm leases in 2016 was 499,900 sq ft – 55% down on 2015 and 36% below the 10-year average.
Withers recently announced an 8% revenue rise for 2016-17, up to £174.5m from £161.5m last year. The firm has grown consistently during the past 10 years, with revenues more than doubling since 2006-07.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllSponsored post: find out about the latest legal technology trends at ndElevate EMEA
GDPR three months on: what have we learned since the new data privacy rules took effect?
A crisis hits: strategies for GCs to manage what happens next...
Innovation driven by a different perspective leads to a whole new way of working with clients: advertising feature
Trending Stories
- 1Decision of the Day: Judge Denies Standing for Plaintiffs in Copyright Suit Over AI Training of ChatGPT
- 2LA Judge Anne Hwang Confirmed to the Federal Bench
- 3NY Court Leaders Ask for 10% Judiciary Budget Increase
- 4ClaimClam Wanted to Boost Class Action Claims Rates. But Judges and Attorneys Fought Back
- 5'We Will Sue ... Immediately': AG Bonta Says He's Ready to Spend $25M Battling Trump
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250