US law firm Hogan & Hartson is spending almost £5m on the refit of its new expanded London premises, which have the capacity for the firm to double in size.
The firm has hired architects Christian Garnett Partners to conduct the design and the fitting out of its new 40,000sq ft offices in Juxon House near St Paul’s Cathedral, which have the capacity to house up to 110 lawyers and administrative staff. The refit is expected to be completed by December and is estimated to cost between £4.6m and £5.2m.
Property letting agents within the City confirmed that Hogan had agreed a 10-year lease at £46 per sq ft, while the fitout of the offices was likely to cost between £115 and £130 per sq ft.
Hogan managing partner Gary Pegg said the new premises were double the size of the firm’s existing 18,000sq ft offices in One Angel Court and would enable the firm to move ahead with plans to grow its London office from its present size of 50 lawyers.
“The new offices are twice as big as our current premises and will enable us to house up to 110 fee-earners. We’re planning to grow into the space,” said Pegg.
Pegg said the move had been enabled by a break clause in the lease on its current premises, which were so oversubscribed that the firm had been forced to use meeting rooms as offices.