Shrink before you’re in

Tulkinghorn hears that Dechert has been giving London property agents a headache. The firm is due for a move and London managing partner Stephen Fogel has been viewing numerous options for months now. But can they please him? No. Whatever the agents show him, nothing seems to suit.

Is Dechert shrewdly playing the market? After all, the tenant is king these days. Or perhaps there’s another explanation: Dechert’s wavering London headcount.

With the Yanks nipping and tucking Dechert’s London office into shape, annoying a good few partners in the process, the firm just doesn’t know how small a space it will need.