In the latest report from The City Signal channel we set out the rising cost of lawyering and demonstrate
- That while the office remains a major overhead, it increasingly acts as a talent draw for employees — a space which requires investment.
- Firms are making efforts to make their offices as attractive as possible in a bid to attract and hang onto their brightest stars.
- We show how the role of the office is changing — it is increasingly being seen as a centre for collaboration rather than as the site of daily work.
- Firms are also spending ever higher sums on technology and many are looking to reduce outlay on real estate, particularly if they are not in a high-growth phase of their cycle.