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Office Space
Law firms have long dominated downtown trophy office space, locating in buildings that are the best-of-the-best at “Main and Main.” But times are changing. While growth is slowly returning to the legal industry, slightly rising revenues are still no match for rapidly increasing office space rents. New solutions ' and new locations ' must be found.
As a result, some firms are locating offices outside the central business districts according to this year's annual Law Firm Perspective, a report from global real estate firm JLL. This trend offers an elegant solution for partners addressing seemingly conflicting challenges: the need to cut costs to keep operations focused on efficiency and productivity; and, the need to invest in offices that support innovation and competition for talent and clients.
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The Article 8 Opt In
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Major Differences In UK, U.S. Copyright Laws
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Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.