law firm benchmarking results

Phoenix Law Firms Space Utilization and Benchmarking

2231 E CAMELBACK ROAD #209 PHOENIX, AZ 85016 • (602) 783-1610 • WWW.SAVILLS-STUDLEY.COM

Pressing Issues in Law Firm Real Estate

81%Reducing Costs

Location

Parking

Size of Footprint

Image

Visibility/Signage

Attracting/Retaining Talent

Succession Planning

Building Class

Building Amenities

Walkability

Co-Tenants

48%

45%

35%

32%

29%

26%

23%

23%

23%

13%

10%

2 952212

LargestMedian Mean

Attorney Count

Firm Size & Space Allocation

1,200 SF 80,640 SF23,149 SF10,000 SF

Smallest LargestMedian Mean

Square Footage

Smallest

264 SF 1,971 SF906 SF856 SF

Smallest LargestMedian Mean

Square Footage Per Attorney

1

2

3

Five-Year Plan: Firm Footprint

16%Expand

45%Maintain

39%Shrink

3:1 is the average ratio of attorneys to assistants

65% of respondents predict this ratio to rise

94% of respondents have varying attorney office sizes

Attorneys per Assistant

Attorney Office Sizes

70% of respondents are considering universal-sized offices

Physical Storage Space

73% of respondents have seen a change in physical

storage space

of those respondents have seen a decrease or elimination of physical

storage space

100%

Universal-Sized Offices

Where the footprint of all attorney offices is the same, making no distinction for rank or tenure.

55% Not in place but may consider in the future

19% Would not consider

16% Not in place but definitely plan to implement

10% Currently in place

Dispersed Collaboration Areas

Dedicated collaboration areas throughout the space to allow collaboration (vs. centralized, client-only conference facilities).





Social Spaces

Non-traditional gathering spaces for conferencing, socializing and collaboration. Typically less formal than traditional conference rooms.





Repurposing/Replacing of Traditional Library Spaces

Average law firm libraries have grown considerably smaller or have even been eliminated. The remaining libraries, if any, are typically smaller and more open and can serve dual purpose of collaborative/social space.

52% We have eliminated our library entirely

19% Not repurposed but definitely plan to implement

19% Not repurposed may consider in the future

10% Would not consider repurposing

Off-Site Back-Office Functions

Outsourcing support functions such as human resources, recruiting, finance, client relations, litigation support, IT and research to secondary, less expensive locations.





Access to Natural Light for Interior Space

Funneling natural light to interior space, not just to perimeter attorney offices.





Wellness Rooms/Areas

With a growing focus on wellness in many corporate and legal environments, some firms are looking to build wellness-oriented features into their real estate plans.





Hospitality Spaces

But infusing a space with hospitality-inspired touches, firms are able to achieve a sense of comfort/informality while maintaining a professional atmosphere.





Distributed Legal Support Teams

Pooling legal administrators rather than locating them next to the attorney they support.





Outdoor Space

Allows access to natural light and fresh air. Can also serve as a social hub for firm personnel.





Interior Attorney Offices

Rather than providing a window office for all attorneys, some firms are achieving greater space efficiencies but placing associates in interior offices.





Doubling Associates

Rather than giving each associate a private office, some firms are doubling up associates to increase efficiency.





Adaptable/Reconfigurable Wall Systems

Modular, demountable wall systems designed for re-configurability helps to facilitate installation and future adaptability.

Conference-Style Attorney Desking

Implementation of larger, conference room-style desks for attorneys provides more space for more technology and allows for more collaboration and impromptu meeting space.









Hoteling (i e Unassigned Offices)

The practice of providing office space on an as-needed basis vs the traditional, constantly reserved basis. Lawyers typically have been housed in dedicated offices but some firms have taken advantage of increased mobility and work-at-home programs to experiment with new models.





Law firm expertise

Savills Studley is the premier provider of real estate advisory and consulting services to the legal industry.

Well known for tenacious client advocacy and exceptional service, our intimate understanding of the operational and cultural considerations driving real estate decisions results in creative solutions tailored to each individual firm. As a strategic partner, we enable law firms to utilize their real estate as a marketable asset to improve profitability, streamline operations, invigorate the culture, as well as recruit and retain talent.

Founded in 1954, Savills Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Representing over 70% of the AmLaw 100, our law firm experience is unmatched.

Comprehensive services that result in business value

Savills Studley’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With a strong presence in every key U.S. market, the firm’s multi-disciplined specialists provide the expert advisory services that allow its clients to achieve their business and financial goals.

Our Services

• Office Tenant

• Representation

• Retail Services

• Industrial Services

• Capital Transactions

• Corporate Services

• Strategic Portfolio Consulting

• Project Management

• Critical Facilities

Analytical solutions to complex transactions

Supported by high-quality market research and in-depth analysis, Savills Studley executes complex real estate transactions targeted to each client’s needs. A team-oriented culture, coupled with individuals’ unique perspectives and backgrounds, equips each Savills Studley professionalwith a wealth of resources and the expertise to deliver exceptional results.

1 Latham & Watkins

2 DLA Piper

3 Baker & McKenzie

4 Skadden, Arps, Slate, Meagher & Flom

5 Kirkland & Ellis

6 Jones Day

7 Sidley Austin

8 Morgan, Lewis & Bockius

9 Hogan Lovells

10 Norton Rose Fulbright

11 Gibson, Dunn & Crutcher

12 White & Case

13 Ropes & Gray

14 Greenberg Traurig

15 Sullivan & Cromwell

16 Simpson Thacher & Bartlett

17 Mayer Brown

18 Cleary Gottlieb Steen & Hamilton

19 Weil, Gotshal & Manges

20 WilmerHale

21 Reed Smith

22 Paul, Weiss, Rifkind, Wharton & Garrison

23 Davis Polk & Wardwell

24 K&L Gates

25 Paul Hastings

26 Quinn Emanuel Urquhart & Sullivan

27 King & Spalding

28 Morrison & Foerster

29 Akin Gump Strauss Hauer & Feld

30 Squire Patton Boggs

31 Orrick, Herrington & Sutcliffe

32 Cooley

33 McDermott Will & Emery

34 Dechert

35 Goodwin Procter

36 Shearman & Sterling

37 Wachtell Lipton Rosen & Katz

38 Proskauer Rose

39 Winston & Strawn

40 Milbank, Tweed, Hadley & McCloy

41 Debevoise & Plimpton

42 Perkins Coie

43 Holland & Knight

44 Covington & Burling

45 Wilson Sonsini Goodrich & Rosati

46 Baker Botts

47 O’Melveny & Myers

48 Alston & Bird

47 Foley & Lardner

50 Cravath, Swaine & Moore

51 Willkie Farr & Gallagher

52 McGuireWoods

53 Arnold & Porter

54 Baker & Hostetler

55 Vinson & Elkins

56 Bryan Cave

57 Locke Lord

58 Seyfarth Shaw

59 Katten Muchin Rosenman

60 Sheppard Mullin Richter & Hampton

61 Pillsbury Winthrop Shaw Pittman

62 Hunton & Williams

63 Littler Mendelson

64 Fried Frank Harris Shriver & Jacobson

65 Fragomen Del Rey Bernsen & Loewy

66 Venable

67 Troutman Sanders

68 Faegre Baker & Daniels

69 Jenner & Block

70 Cadwalader, Wickersham & Taft

71 Nixon Peabody

72 Duane Morris

73 Kilpatrick Townsend & Stockton

74 Polsinelli

75 Drinker Biddle & Reath

76 Jackson Lewis

77 Lewis Brisbois Bisgaard & Smith

78 Schulte Roth & Zabel

79 Williams & Connolly

80 Ogletree Deakins Nash Smoak & Stewart

81 Fish & Richardson

82 Pepper Hamilton

83 Boies, Schiller & Flexner

84 Kaye Scholer

85 Cahill Gordon & Reindel

86 Fox Rothschild

87 Fenwick & West

88 Crowell & Moring

89 Haynes and Boone

90 Hughes Hubbard & Reed

91 Barnes & Thornburg

92 Mintz Levin Cohn Ferris Glovsky and Popeo

93 Steptoe & Johnson

94 Blank Rome

95 Cozen O’Connor

96 Ballard Spahr

97 Akerman

98 Dorsey & Whitney

99 Baker Donelson Bearman Caldwell & Berkowitz

100 Kramer Levin Naftalis & Frankel

Denotes current/past Savills Studley client 1

The 2016 American Lawyer Top 100 Law Firms Represented by Savills Studley

Savills Studley represents over 75%

of the American Lawyer Top 100

Company ProfileLaw Firm Expertise

Strongly dedicated and involved in the community

Savills Studley is dedicated to promoting leadership, volunteerism and support of charitable organizations. The firm contributes to not-for-profit organizations nationally and on a local level, including the Washington Lawyers’ Committee for Civil Rights and Urban Affairs, The Avon Walk for Breast Cancer, Habitat for Humanity, and The Juvenile Diabetes Research Foundation. Savills Studley is also an active member of the global commercial real estate community, including involvement with the Commercial Real Estate Women (CREW) Network, Catalyst, CoreNet Global, the National Association for Industrial and Office Parks (NAIOP), U.S. Green Building Council (USGBC), and Commercial Real Estate Brokers Association (CREBA).

Global reachSavills Studley recognizes the value and importance of a global platform. The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

AsiaPacific

Americas

Europe

Africa

Bahrain

Oman

Qatar

South Africa

Mexico

USAustria

Belgium

Finland

France

Germany

Greece

Italy

Netherlands

Norway

Poland

Portugal

Spain

Sweden

England

Ireland

Northern Ireland

Scotland

Wales

UK, Ireland & Channel Islands

Australia

China

Hong Kong

India

Indonesia

Japan

Macau

Malaysia

Myanmar

New Zealand

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Asia Pacific ContinentalEurope

Middle East & Africa

Americas

Offices in:

6Of�ces

Mid

dle East & Africa

26Of�ces

US & Mexico

19Of�ces

Uni

ted

Kingdom & Ireland

22Of�ces

Europe

47Of�ces

Asia Pacific

SavillsGlobal Commercial Network

1/3 of our firm’s revenue since 1954 has been earned through law firm representation

“Best Commercial Real Estate Tenant Representation”– New York Law Journal (2013)

“Most Powerful Brokerage Firms” – Commercial Property Executive (2014)

“Top Brokerage” and “Top of the Heap” – National Real Estate Investor (2014)

2231 E CAMELBACK ROAD #209 PHOENIX, AZ 85016 • (602) 783-1610 • WWW.SAVILLS-STUDLEY.COM

Tiffany WinneSenior Vice President - Branch Manager(602) [email protected]

Tom JohnstonSenior Managing Director(602) [email protected]

Michael WhiteSenior Managing Director(602) [email protected]

Russell FineAssociate(602) [email protected]

Janelle HepnerWorkplace Strategist(602) [email protected]

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