1. P. 1 Law Firm Services Colliers International
COLLIERS INTERNATIONAL
Law Firm Services
Specialized Real Estate Services
Accelerating success.
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2. P. 1 Law Firm Services Colliers International
For every firm, it’s different. But successful
law firms have one thing in common:
they anticipate change.
Seismic shifts in lawyer demographics and technology are
changing the way business is done, and how law firms use
space. Colliers’ Law Firm Services group is on the cutting edge
of these trends—and understands the underlying business
demands that drive them.
The future state of the workplace depends on the alignment of
function and space, enabled by technology: mobile workers,
smaller meeting spaces, open teaming areas and new furniture
systems that integrate technology without tethering workers to
the desktop.
Five critical trends are currently shaping the future of the law
industry’s space usage:
>> 75% of applications will be in the cloud by the end of 2015
>> 100 billion+ mobile devices globally by 2015
>> 50% of the workforce will be Generation Y “Millennials”
by 2018
>> 80% of work is highly collaborative
>> 40% of workspace is occupied at any given time
The implications are staggering, especially for law firms,
because workspace decisions also impact the brand and culture
of the firm, and its ability to recruit and retain top talent.
Rely on the strategic expertise and creative approach of the
Colliers Law Firm Services Group to stay ahead of the market,
not react to it.
How Do You
Define Success?
3. It is suggested that many of the
changes in the practice of law that
have occurred over the past few
years are not simply cyclical, but
rather are generational shifts
towards efficiency, and many of
these changes have more closely
aligned law firms’ business methods
with those of their clients.
Source: www.americanbar.org
Given the pace of technological change and the new ways in
which law firms must work to stay profitable and competitive,
how can you best make informed decisions that determine your
firm’s ability to grow and adapt—while focusing on your firm’s
core business?
By relying on Colliers’ Law Firm Services Group, a global
team of enterprising and experienced professionals—including
practicing attorneys—who partner with law firm clients to
provide strategic expertise tailored to the goals and culture that
make each law firm unique.
Our professionals are active in industry organizations such as
the Association of Legal Administrators (ALA) and American
Bar Association (ABA), author articles in industry publications,
and participate in local, regional and national industry events.
Our clients depend on us for real estate solutions that enhance
productivity and control costs, while minimizing capital
expenditure and managing future risk for the partnership.
Colliers Law Firm
Services Group
Positioning Law Firms for Success
Colliers International Law Firm Services P. 2
ChristopherBarrettPhotography
4. P. 3 Law Firm Services Colliers International
Trusted Advisors
Colliers’ Law Firm Services Group takes a proactive approach, partnering with law
firm clients to learn their strategic vision, goals and culture. Through this collaboration,
our team delivers creative, customized strategies that are directly linked to the firm’s
business plan. We focus on four key objectives:
> Understand what really goes on in the real estate, not just the transactional aspects
of the lease
Ensure flexibility to scale the organization and improve workspace efficiency
Provide a real estate solution that sends a message about the firm’s culture, people
and brand
Manage real estate risk for our clients
The Colliers Advantage
As your needs change, the collective expertise of more than 13,500 Colliers professionals
in 62 countries around the world is available to accelerate your success. Our unique
structure enables collaboration and accountability across geographies and service
lines, including Corporate Solutions, Valuation and Advisory, Project Management, and
Investment Services.
Colliers has helped us better
manage our space portfolio. They
have suggested ideas for using lease
provisions to gain added value even
before end of term, and helped us
sublease space when economic
conditions warrant. They clearly
negotiate leases with an eye
towards the future, and attempt
to maintain the best possible
flexibility for the tenant.
Doug Domenick
Director of Real Estate
Schiff Hardin LLP
“
”
[Our Colliers account manager in
London] was available 24/7, which
was critical when dealing with
U.S.-based decision makers. His
understanding of the City of London
market and his strategic advice and
implementation was of the highest
standard and I would have no
difficulty recommending him
to others.
Debra Lehman-Smith
Design Partner and Co-founder
Lehman Smith McLeish
“
”
“The partners of Schwartz, Junell,
Greenberg Oathout, L.L.P. thank
Colliers International for their creative,
diligent and persistent efforts in
achieving a comprehensive full-
floor lease and build-out package for
our firm. The results exceeded our
expectations and will be enjoyed and
appreciated for years to come.
Ed Junell
Partner
Schwartz Junell Greenberg
Oathout, LLP
”
Our Mission:
To produce a real estate business
solution that optimally supports our
clients’ diverse practices, enhancing
productivity and increasing long-
term profitability for their firms.
This solution must be crafted to
stand the test of time for future
generations of firm partners,
associates and employees, in a
dynamic business climate where
change is the norm.
5. Colliers International Law Firm Services P. 4
OPERATIONS PORTFOLIO STRATEGY
Strategic operations and portfolio planning
Operations and portfolio forecasting
Multi-criteria decision analysis
Strategic sourcing and spend analysis
Shared services strategy
Consolidation strategy
REAL ESTATE CONSULTING ADVISORY SERVICES
Real estate market analysis and forecasting
Demographic/psychographic analysis
Market-to-market analysis and opportunity assessment
Property evaluation and selection
Property acquisitions and dispositions
Cash flow analysis and financial modeling
LEASE ADMINISTRATION
Database selection and construction
Lease abstractions database management
Monthly rent verification payment schedules
Lease audits
Transaction project tracking
PROGRAM/PROJECT MANAGEMENT
Resource integration management
Program lifecycle management
Design management and procurement consulting
LEED/sustainability consulting
Capital planning and budgeting
Construction administration
Change communications strategy
LOCATION STRATEGY OPTIMIZATION
Footprint and market access optimization
Economic incentives consulting
Site selection and location strategy
Economic development strategies
WORKPLACE WORKFLOW STRATEGY
Workflow and business process design
Workforce evaluation and alternative workplace assessment
Workplace benchmarking and standards
Facility layout and design
Space utilization, efficiency and vacancy analysis
Mobility program design and change management
Service Platform
6. P. 5 Law Firm Services Colliers International
Proven Performance
KL Gates
London
With a large office lease expiration
due in 2010, the U.S. partners of
KL Gates appointed Colliers to
advise them on a relocation strategy
and subsequently to seek a new
City of London office of more than
100,000 square feet.
Our solution:
Working closely with Lehman-Smith
McLeish, the global real estate and
architectural advisers to KL Gates,
and with the London-based partner
responsible for real estate, a thorough
review of market opportunities was
delivered. Managing the liabilities
outstanding in the existing building at
110 Cannon Street, which included an
outstanding rent review and onerous
dilapidations responsibilities, was one
key requisite. The other was to secure
a “rock star” building which KL could
tailor to their needs during the fit out.
What was the result for the client?
Ultimately terms were agreed on
with Land Securities, the landlords of 110
Cannon Street. This mitigated the risk
of a move and enabled the dilapidations
and rent review to be ignored. Colliers
also converted some of the extensive rent
free period into a contribution for capital
works.
Ropes Gray
Boston
Because of Ropes Gray’s size, and
need for high-rise space and flexible
expansion rights, there were few existing
buildings that met its specifications.
The alternatives were: remain at One
International Place; relocate to an existing
building; or relocate to one of the new
developments in the pipeline.
Our solution:
After extensive due diligence,
including property tours, fit planning,
financial analysis, and demographic/
location studies, the firm concluded
that its best option was to relocate
to the Prudential Center, which had
available space in a high-rise contiguous
block with rectangular floor plates,
well-suited to Ropes Gray’s planning
and layout. Additionally, due to the
size of the Prudential complex, there
are many opportunities to
accommodate future growth.
What was the result for the client?
The parties worked efficiently and
cooperatively to structure a transaction
that was acceptable to all parties
involved. The transaction involved
a comprehensive long-term lease,
complex growth options, and the use
of the Internal Revenue Code §467 for
the tax treatment of the rental payments.
Colliers Law Firm Services Group
has been very instrumental in keeping
our firm informed of how changes in
the legal sector can impact a law firm
during a lease term and not just during a
lease negotiation period. During the past
two years, they have kept us apprised
of activity in the real estate market and
have continued to be attentive to the
needs of our firm...They have found ways
for our firm to take advantage of certain
situations based upon their extensive
knowledge of the legal industry which
may ensure that we will not miss out on
opportunities to save money for our firm
in the future.
Judy Del Biaggio
Global Administrator
Weil, Gotshal Manges
“
”
7. Colliers International Law Firm Services P. 6
Law Firm Practice Group Multi-Market Clients
Law or Professional Services Firm Location
Baker McKenzie Eurasia, South America
Borden Ladner North America
Cummings Lockwood North America
Dewey LeBoeuf North America, Eurasia
Dorsey Whitney LLP North America, APAC
Fraser Milner Casgrain North America
Holland Knight North America
Jenner Block North America
KL Gates Europe
McDermott Will Emery North America, APAC
McGuireWoods Europe, North America
Moses Singer North America
Rajah Tann LLP Southeast Asia
Reed Smith North America
Richards Kibbe Orbe North America
Ropes Gray North America, APAC
Schiff Hardin North America
SJ Berwin Europe
Thompson Knight North America
White Case North America
®
Real estate advisors in more than
485 offices in 63 countries.
Founding member of
the World Green
Building Council
Member of World
Economic Forum
Named Top 100
service provider more
times than any other
real estate firm
The second-most-
recognized commercial
real-estate brand