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Conditions remain highly variable within the real estate markets at
the core of global law firm portfolios. A number of markets are seeing
diminishing availability of high quality space options, while others
present good opportunities for law firms to enhance their position.
As clouds remain on the macroeconomic horizon, and caution persists,
law firms will need to adopt a forensic approach to the management of
their real estate portfolio. This will ensure that assets are optimised and
that firms outperform their direct competitors.
Opportunism will be evident in some real estate markets as law
firms react to the changing environment. The traditional focus on
prime locations and trophy buildings will remain, but it will also be
accompanied by a new emphasis on workplace productivity and