Law Firms Cutting Real Estate Footprints As Rents Rise

By Joyce Hanson (October 21, 2016, 6:06 PM EDT) -- Rental prices for law firm spaces keep rising in U.S. markets, and firms have responded by sharply reducing their office footprint by 22.2 percent as decelerating gross revenue growth, profits per partner and revenue per lawyer pressure firms to reduce their rental costs, according to a report released Thursday....

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