How To Control Your Law Firm's Real Estate Costs

Law360, New York (June 3, 2014, 4:36 PM EDT) -- All professional service firms are under cost and fee pressure and law firms are no different. According to the latest AmLaw 100 report, profits per partner have been flattening in recent years. At the same time, fee compression continues to be a major issue many law firms and other professional and business firms face. Now, partners can add real estate (consistently a firm's second largest cost allocation after salaries) to their list of challenges as office rents across the U.S. are creeping higher as the economic recovery diversifies and expands. But there are some ways to reduce the pain on this...

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