International law firm Bird & Bird LLP has announced plans to grow its London headcount by 25% as the firm prepares to move all its lawyers under one roof to a specially commissioned new building in the heart of London's legal district.
Bird & Bird has experienced a sustained increase in client demand in London over recent years, and plans to grow its London headcount by 25% in the coming years through internal appointments and a planned programme of team and individual lateral hires.
The new building, which comprises 147,000 square feet arranged over 12 floors, allows the firm to cater for this predicted growth while creating a contemporary and welcoming business hub that better connects its clients, lawyers and business services staff.
The brand new development at 12 New Fetter Lane is now complete, with the fit out due to begin shortly and Bird & Bird moving into the building from autumn 2016. The development occupies an island site opposite the restaurants, retail and offices of New Street Square, next to the new Commercial Courts in the Rolls Building and in a central location to easily reach international clients from the major London airports and transport hubs.
The fit out stage will begin shortly, with plans to create a more contemporary and flexible office space that can be easily modified as the firm grows and changes over the coming years. The building will have a dedicated Business Lounge especially useful for international clients and Bird & Bird lawyers who find themselves in the area to grab a coffee, relax or catch up on some work.
The modern and energy efficient building, which achieves a BREEAM 'Excellent' rating, will allow Bird & Bird people to more easily connect with one another and with clients, increase collaboration across departments and utilise improved technology more efficiently to best serve its clients.
The firm currently occupies three office locations in London at 15 Fetter Lane, 90 Fetter Lane and 20 Furnival Street. Office moves will take place in the autumn 2016, with space maintained in a second building to provide other flexible options for the future.
Nicholas Perry, Head of the London Office at Bird & Bird says:
"Our striking new building in London represents an exciting milestone in our plans to grow and modernise the firm over the coming years. We are all very excited about working in a dynamic space that better resonates with our clients' working environments and enhances our collaborative culture.
"Rising rents are a bigger consideration for the market today compared to when we struck the deal for our new premises in 2013. We have been able to make costs savings while increasing our footprint in London and capitalising on a once-in-a-generation opportunity to create an office which is truly bespoke to our requirements, allows us to provide better services to our clients and which reflects our position as a leading firm in the technology and digital spaces."
The development was designed in collaboration between two leading architects Doone Silver Architects and Flanagan Lawrence, developed by Great Portland Estates plc. The City of London is the freeholder. The long leasehold is held by TIAA Henderson Real Estate. MACE has carried out the building works.