COVID-19's Brutal Impact On Biglaw Offices
Leases are way down in Biglaw.
Ed. Note: Welcome to our daily feature Trivia Question of the Day!
According to a new Savills study, by what percentage are leases down in the law firm sector in New York City for the first half of 2020 compared with the same time in 2019?
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Hint: “Anecdotally, it appears that fewer transactions are starting unless they have to (such as expiring leases),” the report reads, “and many firms are considering short-term extensions rather than making long-term commitments while awaiting clarity on the full impacts of the Covid-19 crisis.”
See the answer on the next page.
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