In this fourth edition of CBRE’s Law in London report we consider how the challenges and opportunities facing London’s largest law firms are affecting real estate strategy.
This is underpinned and supported by our regular benchmark analysis of the CBRE Legal 100, which draws on data from four years' surveys.
The legal sector continues to experience significant change.
Cost reduction remains a major focus through strategies such as intensifying use of space and nearshoring. But increasingly law firms are focused on attracting and retaining the best talent. So a greater emphasis is placed on how space is used, and the look and feel of that space. We are seeing alternative workplace strategies and open play layouts becoming more widespread.
In the competitive London environment it will be the firms that can adapt that will survive.
UK Pubs are moving to mainstream real estate and are now being viewed as valid alternatives to offices and shops by investors.
Investors are embracing the operational complexity by looking to exert operational influence, making informed risk adjustment for strategic and industry change and anticipating likely future capital flows.
The Market Rent Option (MRO) – the Pubs Code has finally been set in legislation, What will the effects be?