In 2023, U.S. law firms leased a record-breaking 16.9 million square feet of office space, surpassing pre-pandemic levels and indicating the sector’s resilience and confidence in utilizing physical workspaces. According to a report from Cushman & Wakefield, this robust leasing activity occurred despite an overall slowdown in the real estate market.
Cushman & Wakefield’s John McWilliams attributes this trend to increased office attendance and a greater sense of certainty among law firms, leading them to make longer-term leasing decisions. Notable relocations such as Paul, Weiss, Rifkind, Wharton & Garrison LLP’s lease for 765
