Known for its tactical decision making even in matters of real estate, Paul Weiss, the esteemed law firm, has secured its London base in Soho with what can be considered a market-value anomaly. This move gives the law firm a distinct edge in terms of space per lawyer in comparison with rivals, as the firm displays an alternative thought process by opting for Soho over traditionally preferred locales for law firms in the city.
Reports from real estate agents Knight Frank reveal the details of the deal. Listed at £115 per square foot, Paul Weiss’s total annual expenditure stands close to £10 million for 81,433 square feet of space it has taken up in the West End. This move and expenditure showcases Paul Weiss’s intriguing real estate strategies and moves away from the traditional norms for law firm locales.
Interestingly, the firm’s 130 UK lawyers have moved into the Twitter’s former London HQ situated at 20 Air Street. This intriguing development signifies the firm’s out-of-the-box strategy and leap of faith into new territories.
Details, depth, and precise numbers are scarce due to the original article being protected behind a paywall. Readers interested in gathering more insights about this development can find more at Law.com.