November 2, 2018
Office take-up in Central London looks set to grow despite Brexit looming
Continuing demand for office space within the Central London commercial property market has helped dispel pessimism about the future of London post-Brexit, according to the latest figures from Savills. Take-up of office space in the City of London reached 5.1 million sq ft at the end of the third quarter of 2018, just 1 percent down on the same point in 2017 and 18 percent up on the 10-year average, while the amount of office space under offer in London’s West End market was 1.9 million sq ft as of the end of September, a new record, which challenges the view that the market is in danger of decline. More →
October 16, 2018
Law firms are finally embracing the agile workplace
by Simon Pole • Comment, Workplace design
Strong office space take-up is predicted for this year after activity from law firms was down in 2017 against 10-year averages and compared to other sectors. Many legal companies are anticipating how their approach to workspace might have to change. This includes trialling new ways of working and years of overreliance on private offices. The legal sector is compared to many other services’ professions “closed” – and therefore ripe for change. There is an abundance of technology start-ups looking to introduce disruptive tech that will render many legal roles obsolete. The sector is also haemorrhaging senior talent as experienced professionals leave and the sector has failed thus far to adapt to modern working conventions including the agile workplace. Despite working in the digital age of wireless tech and cloud computing, 64 percent of lawyers found it difficult to work remotely because their technology wasn’t suitable (according to research from Lexis Nexis).
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