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Lewis Brisbois Makes a Significant Move in Lower Manhattan
In a strategic expansion that signals a strong rebound from recent challenges, the law firm Lewis Brisbois has secured a new office space in the bustling Financial District of Manhattan. Occupying 70,000 square feet, this deal represents the second-largest office lease in downtown New York City in the third quarter of the year, further cementing the firm’s commitment to growth and stability in the competitive legal landscape.
Resilience Amid Challenges
The firm's recent history has seen significant turbulence, especially after a mass exodus of attorneys last year. However, according to Managing Partner Gregory S. Katz, Lewis Brisbois is now on a path to recovery and growth. The firm has implemented several measures aimed at enhancing its workplace environment, focusing on diversity, equity, and inclusion (DEI) after facing scrutiny for internal communications that came to light.
Current Trends in Office Leasing
This significant lease reflects a larger trend in the New York real estate market, where office vacancies have recently reached a five-year low. Firms are beginning to prioritize quality office spaces that promote collaboration and employee well-being, a trend heightened by the changing nature of work brought on by the pandemic. With companies reevaluating their office needs, such leases signal a robust recovery in office occupancy rates.
The Future of Lewis Brisbois
Looking ahead, Katz expresses optimism, stating that the firm is not just recovering but thriving, with a positive outlook for future expansions and a commitment to the best practices in law and employee engagement. This commitment is crucial as Lewis Brisbois aims to rebuild its reputation and attract top talent in an increasingly competitive marketplace.
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