Today's Date: Add To Favorites
Downturn has some law firms downsizing offices
Legal Business | 2009/11/12 08:25

"Legal services employment in Boston, which never fully recovered from the previous recession, is now shedding jobs at a rate not seen since the recession of the early nineties," and one result is that some local law firms are unloading no-longer-needed office space, Jones Lang LaSalle said in a new report.

A real estate money management and services firm with a big presence in Greater Boston, Jones Lang LaSalle said, "The downturn has caused Boston law firms to shed surplus office space and renew their focus on utilizing remaining space more efficiently."

Declines in mergers and acquisitions and in legal financial business have led to a drop in law firm revenue, and law firms are now looking at "their real estate for possible opportunities to decrease overall operating costs," the report said.

The press release included a statement from Tom Doughty, the international director of Jones Lang LaSalle law firm group.

"There is a 'Perfect Storm' of circumstances that law firms need to understand and take into consideration as they contemplate their real estate plans for the future," Doughty said. "Space options abound � from new buildings to existing built-out space - while competition for premium space is decreasing and rental rates are declining. As a result, law firms that are able to take advantage of the current market will have an opportunity to solidify long-term occupancy at significantly decreased costs."



[PREV] [1] ..[3490][3491][3492][3493][3494][3495][3496][3497][3498].. [8286] [NEXT]
All
Class Action
Bankruptcy
Biotech
Breaking Legal News
Business
Corporate Governance
Court Watch
Criminal Law
Health Care
Human Rights
Insurance
Intellectual Property
Labor & Employment
Law Center
Law Promo News
Legal Business
Legal Marketing
Litigation
Medical Malpractice
Mergers & Acquisitions
Political and Legal
Politics
Practice Focuses
Securities
Elite Lawyers
Tax
Featured Law Firms
Tort Reform
Venture Business News
World Business News
Law Firm News
Attorneys in the News
Events and Seminars
Environmental
Legal Careers News
Patent Law
Consumer Rights
International
Legal Spotlight
Current Cases
State Class Actions
Federal Class Actions
A man who threatened to kill..
Ford cuts 2024 earnings guid..
Kenya’s deputy president pl..
South Korean court acquits f..
Supreme Court grapples with ..
Supreme Court leaves in plac..
Kentucky sheriff accused of ..
New rules regarding election..
North Carolina appeals court..
A court in Argentina orders ..
Mexican cartel leader’s son..
Sean ‘Diddy’ Combs jailed ..
Alaska man charged with send..
Protesters storm Mexico’s S..
Google faces new antitrust t..


Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet.
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Legal Document Services in Los Angeles, CA
Best Legal Document Preparation
www.tllsg.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
East Greenwich Family Law Attorney
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
  Law Firm Directory
 
 
 
© ClassActionTimes.com. All rights reserved.

The content contained on the web site has been prepared by Class Action Times as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Affordable Law Firm Web Design