By: Andrew Batson, Senior Research Analyst, Great Lakes Region
Like many businesses today, law firms are looking for ways to increase productivity and reduce spend. In 2013, many were able to do so through better, more efficient real estate strategies.
In the 2013 Law Firm Perspective, JLL researchers saw a trend toward smaller spaces. Those that moved last year relocated to offices that were 7.1% smaller. Plus, square footage per worker decreased significantly, ranging from 900 square feet to 550 square feet.
From a cost standpoint, those that move to more modern, and more efficient layouts can shrink their real estate occupancy budget by more than 15%.
Check out JLL’s full graphic for more on workspace trends we’re seeing in the legal space.
A space to suit law firms – An infographic by the team at JLL
Get The Most From Your Space
There are ways to better utilize your current office and optimize your space for enhanced productivity. Below are a few tips to get started:
1. Digitization has replaced the need for your large library. Consider converting the space into additional workstations.
2. Integrate amenities and technologies that fuel production, such as video conferencing, brainstorming zones, data collection, etc.
3. Find your secret formula to measuring workplace productivity, and look for ways to do so without inhibiting employee innovation.
4. Future-proof your space, and maintain a competitive advantage with employee retention and attraction in the legal landscape.
5. Try JLL’s Proworking approach to boost employee performance and retention. Proworking refers to “shifting current corporate real estate strategies to most efficiently serve a more connected workforce.”
For more information on the challenges law firms face, and how it impacts real estate opportunities for firms across the top markets, download the full Law Firm Perspective report.
If you’d like to schedule an appointment for your law firm, please send a message to firstname.lastname@example.org.
About the Author
Andrew Batson is Senior Research Analyst for the Michigan and Ohio region of Jones Lang LaSalle and is responsible for the publication of quarterly and annual research. Mr. Batson ensures that our clients receive the most thorough, timely, and strategic market information in a way that guides decision making and identifies risks and opportunities. View Andrew’s bio or connect with Andrew on LinkedIn.