City law firms’ office space deals focus on quality of space

Research from Knight Frank shows that despite the pandemic, last year law firms accounted for more than a quarter of all office space leased in the City, with the agency saying that lawyers “are looking to trade up and take the highest quality space”. Across the UK, 94% of space taken by law firms was in grade A buildings, compared with 73% five years ago. In a survey of law firms, Knight Frank researchers found that 86% of respondents considered environmental, social and governance issues to be “influential or the key influence in determining their real estate strategies over the next three years”.

The Times