New York Biglaw Firms Keep Growing, While Midsize Firms Stay The Same

Ed. note: Welcome to our daily feature, Quote of the Day.

If Q2 is any indication of what midsized firms are doing, then we should expect midsized firms to continue keeping the same amount of space or becoming more efficient with use of their space.

— Gregg Cohen, principal at real estate firm Cresa, in comments given to the New York Law Journal, concerning midsize firms’ office expansion in New York City, compared to that of Biglaw firms. While the biggest of Biglaw firms are increasing their real estate footprints in the Big Apple, only some Am Law 200 and midsized firms are following suit. Cohen went on to say that he thinks most midsize firms will maintain their current square footage, or even reduce their space in the future, rather than further expand.

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.

The post New York Biglaw Firms Keep Growing, While Midsize Firms Stay The Same appeared first on Above the Law.

Ed. note: Welcome to our daily feature, Quote of the Day.

If Q2 is any indication of what midsized firms are doing, then we should expect midsized firms to continue keeping the same amount of space or becoming more efficient with use of their space.

— Gregg Cohen, principal at real estate firm Cresa, in comments given to the New York Law Journal, concerning midsize firms’ office expansion in New York City, compared to that of Biglaw firms. While the biggest of Biglaw firms are increasing their real estate footprints in the Big Apple, only some Am Law 200 and midsized firms are following suit. Cohen went on to say that he thinks most midsize firms will maintain their current square footage, or even reduce their space in the future, rather than further expand.

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.