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Mayer Brown Rowe & Maw's insurance and reinsurance team is moving out of its home in the Lloyd's of London building into the 31st floor of 30 St Mary Axe, aka the Gherkin. The 25 lawyers and 13 staff are due to move in to their new home in December this year. As well as moving up in the world, the team is also increasing is floor space from its current 7,500sq ft to 10,698sq ft. The extra space would suggest that the insurance group is looking to increase its headcount, but the Gherkin is notorious for its lack of space efficiency, which might limit the number of lateral hires it can bring in. However, clients are bound to prefer visiting the Gherkin rather than skanky old Lloyd's.
With the insurance market hotting up, the move seems like a good idea. CMS Cameron McKenna recently relocated half its insurance practice to EC3, while Sidley Austin has announced a push into the UK arena. Who knew insurance could be so exciting?