Law firms go for bigger, smarter office spaces as business grows - ET RealEstate

Abstract

"Office spaces will need to be reimagined to create experiences as lawyers start spending more time in office," said Joshi. A few hundred metres away, Zulfiquar Memon, managing partner of law firm MZM Legal, is doubling his office space too, as hiring is in full steam. Not just Joshi and Memon, a bunch of law firms are expanding their offices or relocating to bigger spaces on the back of growing demand for legal services. "Most law firms have seen expansions and portfolio upgradation happen to better buildings with Grade A amenities. The focus on employee well-being is leading to an increase in absorption in premium locations ,which have Grade A offices and unique amenities within the project and in the vicinity," said Shweta Sawhney, MD, Delhi-NCR, Savills India. The firms are also adding office space in anticipation of more work and hiring in the coming years, and the focus is on adding more functional spaces. Sridhar Gorthi, a partner at the law firm Trilegal and a member of its Management Committee, said that in the last three years, his firm has moved into new, more flexible office spaces in Mumbai, Gurgaon, and Bengaluru. "With the leasing of 40,000 sq. ft. of office space in Saket, our Delhi office will now undergo an upgrade. Collectively, these upgrades will result in our office spaces growing by nearly 70% since 2019," he said.