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Spotlight Report: North America Law Firm Advisory Group

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In this report, we present our annual review and outlook for the law firm sector in North America. In addition to examining overarching themes and developments in real estate performance and law firm real estate strategy, we analyze local market conditions in 23 key legal sector locations across the U.S. and Canada.

As in previous years, we polled the professionals in Colliers’ North American Law Firm Advisory Group on the trends they see in law firm property plans, including leasing strategy, space requirements and the return to the office. These findings and key shifts since our 2021 survey are included ahead of the local market analysis.

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Spotlight Report: North America Law Firm Advisory Group

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Related Experts

Daniel Arends

Principal

Chicago - Downtown

I am a principal at Colliers International, chairman of our National Law Firm Services group, and chair of our National Tenant Advisory Council.  I have exclusively specialized in tenant representation for my entire 30+ year career.  My strengths are my deep relationships within Colliers and the Chicago market and my highly strategic approach and unrelenting negotiation style.

In my career, I have completed more than 1,500 assignments totaling more than 12 million square feet of office space for many of Chicago’s leading companies.

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Shane Douglas

Executive Vice President | Partner

Nashville

Having been involved in a variety of complex commercial real estate transactions over the last 15 years, Shane has vast experience helping clients achieve investment objectives when leasing, purchasing, developing or disposing of commercial real estate assets. Shane has been actively involved in negotiations totaling more than $500,000,000 in consideration over that same time period. His experience in the middle Tennessee real estate market, coupled with his client relationships and extensive network, allows him to serve clients in a way few others can in today’s competitive marketplace.


Shane currently serves as Co-Chair of the Colliers International Law Firm Practice Group, is a member of the Nashville Downtown Rotary Club, a member of the Colliers Tenant Advisory Council, and an active member of Woodmont Christian Church.

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Colin Scarlett

Executive Vice President | Personal Real Estate Corporation

Vancouver

Learn more at www.colinscarlett.com

For over 23 years, I’ve specialized in finding real estate solutions for business challenges, with a focus on technology and professional services firms. I use an exclusive methodology to truly understand my clients’ businesses and industries, giving them unique insights into their operations and positively impacting business drivers, including productivity, culture, engagement, retention/attraction, brand and operational efficiency. Not only that, I do it on the very best financial terms. 

By following this approach, I have provided business-driven real estate solutions to some of Metro Vancouver's largest companies, including:

- IWG (Spaces/Regus) - 600,000 SF (various projects) 
- Technicolor/MPC - 200,000 SF (various global projects)
- Fortinet - 282,000 SF
- Royal Bank of Canada - 140,000 SF
- Global Relay Communications - 100,000 SF (various global projects)
- McCarthy Tetrault LLP - 82,000 SF
- University of British Columbia - 81,397 SF
- Farris, Vaughan, Wills & Murphy LLP - 67,369 SF
- Ernst & Young - 66,510 SF
- Immigrant Services Society - 54,620 SF
- Miller Thomson LLP - 48,000 SF
- Gowling WLG - 43,000 SF
- Microsoft - 37,096 SF
- Harper Grey LLP - 36,948 SF
- Relic Entertainment - 35,112 SF

I’ve traveled to 20 cities around the world to research the future of office space, and to study workplace design trends that increase employee engagement. I speak regularly at conferences about my findings, and contribute to reports and white papers. 

I am one of five people on Colliers' National Advisory Board which advises Colliers' Canadian CEO on key national business issues, am a regular faculty member at Colliers University in the Netherlands where I teach Colliers' leading professionals from around the world and have been awarded the Business In Vancouver Top Forty under 40 Award.

Specialties: Lease Renewal Negotiation
Office Relocation / Expansion
Office Sublease / Disposition
Corporate Strategy Development
Market Analysis
Financial Analysis
Lease vs. Own Analysis
Vancouver Office Space
Employee Satisfaction and Location Surveys
Technology / Tech Firms
Law Firms
Professional Services Firms

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Stephen Newbold

Director of National Office Research

Washington, DC

Stephen has over 30 years of Commercial Real Estate (CRE) Research experience gained in both the U.S. and U.K.  He has an expert knowledge of many CRE markets across the U.S. Having worked with brokerage firms, asset managers and data providers he has a broad spectrum of experience and is adept in forecasting, analysis and strategy. Prior to joining Colliers, Stephen was a Research Director with CoStar based in Washington D.C. His career history also includes eight years as Director of U.S. Office Research with Deutsche Asset Management and six years as Head of Research with Newmark Knight Frank in London, U.K.

At Colliers, Stephen is responsible for all aspects of U.S. National Office research including authoring quarterly reports, press interviews and multi-market analysis. He works closely with multiple Colliers' business lines including Office Services, Capital Markets, Healthcare, Law Firm Services, Life Sciences, Property Management and Occupier Services. He’s a frequent author of blogs and thought leadership pieces as well as giving presentations to clients and industry groups.

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