Commercial leasing for law firms in the ‘new normal’
Given the unprecedented nature of the current crisis, including force majeure clauses to cover a global pandemic in commercial lease contracts was not widely considered until very recently, leaving many legal practices with large, empty offices and continuing rental obligations.
In this episode of The Lawyers Weekly Show, host Jerome Doraisamy is joined by Kai Schindlmayr and Holly Bailey from Kernel Property to discuss the key issues they are witnessing in the market right now as well as their insights into which types of firms are suffering the most, the strategies that law firms could implement to leverage available opportunities, and how commercial lease contracts can be adapted to be more flexible into the future.
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