When a law firm embarks on a new office build-out, renovation or re-stack, thorough pre-planning is required, i.e. due diligence, consensus building and gathering feedback across all levels of the firm, all of which are critical to the success of the project. Lease obligations are generally the largest source of overhead. Diligent lease negotiation can lock in lower overhead for 15- 20 years and help position the firm for profitability. VVA’s decades of experience working with the top national and international law firms gives us a deep understanding of their unique needs, requirements and culture, in addition to insight into law firm trends and costs. On every project, we complete an exhaustive amount of due diligence and pre-planning, Stay vs. Go analysis and assisting the real estate team in negotiating the lease, if necessary, as well as financial and current trends analysis. We often complete extensive benchmarking to assist with decision making on real estate, space planning, and recruiting.
Law firms face unique challenges: operating 24/7 in buildings which are often set up for normal business hours; integration of state-of-the-art technology; and densification of spaces to fit as many Partners, attorneys and workstations as possible. We address these and other challenges upfront to mitigate issues and provide feasible solutions.
Office projects can be very costly and time consuming. VVA acts as an extension of our client’s staff, bringing to the table a track record of successfully completing highly complex projects, delivering a significant return on investment, and invaluable project management experience.