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Real Estate/Development

Nov. 4, 2014

Firms grapple with growth strategies as real estate prices surge

Recent reports by JLL and Savills Studley predict no relief in sight for law firm tenants in California. While some firms are scaling back their square footage, others are looking for bargains.


By Alex Shively


Daily Journal Staff Writer


Law firms are scaling back their office footprints in California in response to rising prices and shifting demand in the legal services industry, according to recent real estate market reports.


In a report released late last month, real estate and finance firm Jones Lang LaSalle IP Inc. concluded that law firms in California face a shortage of supply for office space. The report observed nine law fir...

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