Report
Philadelphia Law Firm Market Overview 2024
October 11, 2024 3 Minute Read
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- Smaller office sizes (uniform single office sized offices), utilization of interior offices, etc. are driving efficiencies from 700-800 RSF per attorney to 500-650 RSF per attorney.
- Several firms reduced their footprint with no reduction in headcount, leading to a higher employee-to-desk ratio, single-sized offices, and a reduction in file areas to accommodate the smaller footprint coupled with hybrid workstyle.
- Few law firms have committed to 5 days in the office. Most law firms are targeting 3 days a week and providing even more flexibility for support roles.
- Despite Covid-19, there remains a limited supply of quality law firm blocks. Rising construction costs have led to firms looking to reutilize portions of existing installations.