Paul Donovan and Jaclyn May, senior members of Cushman & Wakefield’s MSP Advisory Services Team, co-authored an article recently featured in Bench & Bar of Minnesota, the official publication of the Minnesota State Bar Association. Click here to read the article, entitled “Rethinking the Law Office: Trends in legal office space”, which offers insights on office space utilization trends by law firms.
Cushman & Wakefield’s Sherry Cushman and members of the Legal Sector Advisory Group brought together some of the leading minds in the Twin Cities legal community June 12 for a symposium on what issues are facing firms all over the globe.
Sherry, Executive Managing Director of the Legal Sector Advisory Group for Cushman & Wakefield Americas, shared findings from CW’s annual Bright Insight survey, which seeks responses from law firms (large and small, coast to coast) and associates on what issues are facing the legal sector, both in the present and future.
Among the major findings, Sherry told the group, firms identified fixed fee structures as their top concern. Also, firms continue to evolve their real estate for the future, using more hoteling and planning to implement single-size offices within the next decade. Overall, a fifth of all firms say they plan to make dramatic changes to their overall structure within five years.
The study also found that more than a quarter of all firms do not have a succession plan in place, nearly three-quarters say technology and IT security needs are greater than ever, and associates’ top priority is a work/life balance.
To learn more about the Bright Insight study and the 2017 results firsthand, contact us to schedule a meeting.
For the fourth year in a row, Cushman & Wakefield has been ranked #1 in Commercial Real Estate Firm: Tenant Representation as part of The Best of the National Law Journal 2017. Cushman & Wakefield was also ranked #1 in Property Management and Brokerage, sweeping the real estate categories in this prestigious survey.
Paul Donovan recently wrote a guest column entitled, “To Renew or Relocate”, which appeared in the October-November edition of The Verdict, a newsletter of the Minnesota chapter of the Association of Legal Administrators. Click here to read the article.
Represented Lindquist & Vennum LLP in the leasing of 81,000 SF at the IDS Center in downtown Minneapolis. A leading Minnesota law firm, Lindquist will relocate its 300 Minneapolis attorneys and staff onto floors 18 through 21 of the iconic office tower. The new space is designed to foster greater client service through increased communication, collaboration and community, according to its managing partner.
“With this relocation, we are re-inventing how Lindquist operates internally to make us more productive and responsive,” says Dennis O’Malley, Lindquist’s managing partner. “The best and brightest lawyers today are attracted to agile and flexible firms that provide a stimulating legal environment and a strong work-life balance. Our new office will underscore our commitment to that concept.”
Overall, the new workspace “is flexible, which was a driver in all our decision making,” says O’Malley. “Specifically, our new space will be more cost effective and easier to reconfigure to meet future change.”
Lindquist & Vennum’s 170 attorneys provide a full array of corporate finance, transactional, and litigation services for clients from offices in Minnesota, Colorado, and South Dakota. The firm has established and emerging practices in many industry and specialty areas, including private equity, financial institutions, real estate, healthcare and life sciences, renewable energy, and bankruptcy. For nearly five decades, the firm has served corporate, governmental, and individual clients across the nation and around the world. For more information, visit www.lindquist.com.
Represented Institute for Justice in the lease of 2,461 square feet at Renaissance Square, 520 Nicollet Mall, Minneapolis. Catalyst RS LLC was the landlord. The Institute for Justice is the nation’s only libertarian, civil liberties, public interest law firm. It is a 501(c)(3) organization.
The Institute for Justice arrived in Minnesota in 2005 and has been successful racking up victories in the court of law as well as the court of public opinion. They sought out the help and guidance of the MSP Advisory Services Team this past year due to a desire to relocate within the Minneapolis CBD into a fresh, modern space that better reflected their mission engaging in cutting-edge litigation and advocacy both in the courts of law and in the court of public opinion on behalf of individuals whose most basic rights are denied by the government. Steven Anderson, Managing Vice President for Institute for Justice, stated, “Cushman & Wakefield – Jaclyn and Jeremy in particular – understood the needs of our organization. They are knowledgeable, thorough and easy to work with. No better group around.”