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Lovell White Durrant is on the hunt for a new London home after an unsuccessful bid for the Mirror Group newspapers building.

Lovells moved into its existing offices at 65 Holborn Viaduct in 1990. The lease runs out at the turn of the century and Lovells is looking to move.

Property partner Simon MacDonagh, who is co-ordinating the search for new premises, said the firm had an open mind as to where it went but would like to be on the fringes of the City.

"There is a trend for law firms to move to the city fringe as opposed to the core of the City," he said.

The Mirror Group building, at Holborn Place, 33 Holborn Circus, was reportedly prelet last month to Andersen Consulting at £35 per square foot.

The property was one of a shortlist drawn up by Lovells, which is also understood to include the BP building.

MacDonagh said Lovells planned to find new offices by the end of the year.

"There is no desperate hurry, the market has become more active recently," he said.