4 Times Square

Say farewell to 4 Times Square.

Say farewell to 4 Times Square.

Biglaw is getting less big when it comes to office space. As we recently mentioned, law firms are spending less on their real estate. They’re renting smaller spaces, often outside the central downtown areas they’ve traditionally favored. As the American Lawyer put it, “[a]s a result of tightening market conditions, some firms are gravitating to ‘unorthodox’ locations in areas right outside the central districts they usually prefer.”

Consider the move that Skadden Arps just announced for its Manhattan headquarters. It’s going to an area that is certainly “unorthodox,” perhaps downright icky….

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Let’s play a game of law firm word association. What words come to mind when I say Skadden Arps?

Prestigious? Yes.

Profitable? Definitely.

Sweatshop? Perhaps; some sources say the hours can be “long and unpredictable.”

Funky?

Yes, you heard me: funky….

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