Addleshaws selects new City HQ
Relocation scheduled for 2024
Addleshaw Goddard has put pen to paper on a 15 year lease deal that will see it relocate its City of London headquarters in 2024.
The firm’s 600 London-based lawyers and staff will take up residency across eight floors — or 114,000 square feet — of a grade II-listed building in heart of the financial district opposite the Bank of England.
The building at 41 Lothbury is undergoing a major refurb and once complete will boast roof terraces on floors seven and eight, “offering spectacular views of the City’s skyline”, as well as 3,500 square foot of basement space to house a new fitness studio, cycle and shower facilities.
The firm, which achieved an already impressive A grade for its offices in our latest Trainee and Junior Lawyer Survey, says the move will mark a “slight increase” on the space currently occupied in its Milton Gate premises.
John Joyce, managing partner, commented:
“This is a really exciting move for us. Our new HQ and the client experience there will capture the imagination of our people and provide an inspiring space, with amazing credentials, for current and future generations of AG. We wanted to create the best possible environment for collaboration while also factoring in future growth in a more modern building configuration with better environmental credentials than our current space provides and 41 Lothbury will tick all the boxes.”
He continued: “London has delivered impressive growth for us and, in our new HQ within a historic building in the heart of London’s financial district, we will have the opportunity to grow further. The move underpins our continued ambition to service our great clients from a fantastic City which is instrumental in supporting our global platform.”
A number major firms have office moves in the pipeline including Allen & Overy, Hogan Lovells, Kirkland & Ellis, Linklaters and Travers Smith.
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17 Comments
AG Guy
Smart move imo. I can envisage a number of firms looking to relocate into the financial district as the banks represent a hefty proportion of their respective client bases. Moving closer to your biggest clients just makes sense from a relationship perspective.
The current space in Moorgate, whilst a great modern office space, neighboured by the likes of Linklaters, Slaughters, Simmons, Simpson Thatcher Bartlett etc is actually highly inconvenient for both employees (coming from outside the city) and financial services clients.
The rooftop green space is a massive bonus too!
đź«Ą
Why does this read like my old TC applications when I used to try to adapt the Grad Rec site with synonyms as my answers?
Also Moorgate is near Liverpool Street, few stops to Euston and Kings X. How is it inconvenient, and how is moving to Bank an improvement in the way you describe, except for those financial institutions which you say are based in Bank (though I hope you’re aware some also HQ themselves in Canary Wharf…)?
Lmaooooooo
It isn’t, the OP forgot to use cranium. Or is a bot. Possibly both even.
Anonymous
Perhaps learn to read the comment properly fresher.
He said convenient from those come from outside the city. The office would lend itself to a sub 10 minute walk from London Bridge as opposed to a 15-20 minute walk from Farringdon which is the nearest national rail line from the Milton Gate office.
Also I can assure you the vast majority of AG’s financial services clients are based in the financial district and not Canary Wharf (the investment banks tend to instruct magic circle).
I suspect you’re just arguing for the sake of arguing.
CC Associate Probably
WhY nOt MoVe To CaNaRy WhArF LiKe ThE b i g p l a y e r s
As in
Canary Wharf is a completely dull and lifeless
Anon
West end is where it’s at. East London is a dump and smells like a sewer, and yes that includes EC.
Cityguy4lyf
West End hahahahahahahahahahahaahhaha
insider andy
This is where Baker Botts (rofl lmao) and Fried Frank used to be based. A grand old building, but was tired inside. The refurb will make it pretty stunning no doubt.
J
Good. Walking past every time I had lpc lectures
Banker not a lawyer
smh at all you pretend lawyers on here. Who cares if AG have a refurbed office? All law firms will go under by 2030 as the global banks branch out with their own legal services which will be bankrolled in a way law firms can only dream about. Goodbye.
Loool
That’s the most stupid comment I’ve ever read.
Banker not a lawyer
Prove me wrong then. Law is finished and you know it, finance is everlasting. When was the last time you received a bonus of £327k for 9 month’s work?
H
Like I said, stupid comment from a troll.
And you most definitely do not earn a smidge of that. Back to your books, freshies goes quick.
Lool
Like I said, stupid comment from a troll.
And you most definitely do not earn a smidge of that. Back to your books, freshies goes quick.
Realist
Lol at the idea this is a great move.
AG has 200k square feet at Milton Gate, now moving to 114k square feet. In other words a move designed solely to reduce rent and line the partners’ pockets.
Pretty sad state of affairs that a firm that once purported to have big growth ambitions now is taking just over the half the square footage it took out under its old lease signed 13 years ago.
John Joyces son
If you actually knew what you were talking about you’d know AG only take up just over 50% of Milton Gate i.e. around 110k sq feet. The new premises will be c.130k with AG taking 88% occupancy initially with the option of more space at a future date
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