The firm - ranked 10th in this year's Am Law 100 report - is relocating staff members from its finance, operations and IT departments into 35,000 sq ft of new office space at 15 MetroTech Center in downtown
Weil Gotshal real estate co-head Philip Rosen, who spearheaded the firm's search for more space, said the move across the
He commented: "With the firm constantly growing, we were looking for a way to maximise real estate efficiencies in today's market. We looked at the economic renaissance going on in downtown
Rosen emphasised that Weil Gotshal's current
Rosen said rates in the GM Building run about $120 (£60.76) per sq ft, while comparable space in
Asked if the move has anything to do with the proposed Atlantic Yards development project, Rosen says Weil Gotshal has "not yet" been retained on the downtown
And while there are not yet plans to migrate lawyers to MetroTech – a stone's throw from the federal and state courts that ring Cadman Plaza – Rosen said not to “rule that out as a future possibility”.
The American Lawyer is a US sister title of Legal Week.