Am Law 100 Offices Are Lacking in Efficiency: The Morning Minute

ROOM FOR IMPROVEMENT – Am Law 100 office space is nowhere near as efficient as it could be, with an average square foot per attorney ratio that is “still relatively high,” despite firms’ attempts over decades to improve their use of space, according to the Savills 2023 Benchmarking Report. As Law.com’s Brenda Sapino Jeffreys reports, the average efficiency among Am Law 100 offices is 985 square feet per attorney, which is higher than the 500-750 sf/atty many firms use as a target occupancy rate. Firms in the Am Law 25 are “somewhat more efficient,” the report said, with 30% of offices at 750 sf/atty or less, but only 24% of the rest of the Am Law 100 at that level. However, the report suggests the square footage numbers are likely higher than they could be, because offices are not fully occupied, and if offices are not used, the square footage to attorney ratio increases despite the efficiency of the office. It should also be noted that the report does not specify whether all those offices are empty because people are busy collaborating and innovating in the common areas.

WHAT’S IN A NAME? – The chief legal officer title sounds loftier, but, as Law.com’s Trudy Knockless reports, some GCs actually have broader responsibilities. And while companies continue to create CLO roles, the growth is slowing. Hirings with the “chief legal officer” title surged 72% from 2019 through 2022, according to a LinkedIn study of more than 500,000 hirings. But it climbed just 3% in 2022, the final year of that three-year span—a sign that the corporate trend of upgrading the top legal title from general counsel to CLO is slowing, the study found. Recruiters, in-house counsel and other legal observers say the (seemingly) highfalutin CLO title became fashionable in

Read the rest

Legal Tech Rundown: HBR Consulting’s Acquisition, Veristar’s Expansion, and More



Legal Tech Rundown: HBR Consulting’s Acquisition, Veristar’s Expansion, and More | Legaltech News

















Credit: Igor/Adobe Stock

NEWS

An update on the legal tech market’s past few weeks, from product launches to new tech acquisitions.

February 08, 2023 at 09:01 AM

5 minute read

Cassandre Coyer

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

You Might Like

5 minute read

1 minute read

5 minute read

13 minute read

More From ALM

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Team Accounts

Our Team Account subscription service is for legal teams

Read the rest