Wednesday, October 08, 2008

The Law Firm Picture

The picture is starting to become a little clearer on the law firm front:

Polsinelli – Consolidating its downtown and Clayton offices in 90,000 – 110,000 sf at Ballpark Village.

Thompson Coburn – Staying downtown, maintaining its space in the U.S. Bank Plaza.

Armstrong Teasdale – Leaving its 100,000 sf at Met Square; moving to Centene’s development in Clayton.

So who’s up next?

Stinson Morrison Hecker – This firm was originally located in the Deloitte Building downtown but consolidated its offices in Clayton after acquiring Clayton-based Blumenfeld, Kaplan & Sandweiss. The move to Clayton has been described as a short-term decision, and the firm is looking to sign a lease for 60,000 sf either downtown or in Clayton. Stinson’s lease in Clayton expires in October 2012 with opportunities to buy out. Having Stinson downtown would certainly help offset the loss of Armstrong Teasdale, both in terms of office space absorption and employees.

Husch Blackwell – Husch & Eppenberger’s merger with Blackwell Sanders give the combined firm 80,000 sf in the Laclede Gas Building downtown and 175,000 sf in Clayton. Husch was originally located in the Bank of America Tower and left for Clayton in 2002 after it was unable to find a large enough block of space downtown. If the firm were to combine its operations downtown, it would be a major coup. Having both Husch and Stinson downtown would mark a significant step forward.

Lewis Rice – The firm is rumored to be looking at a number of downtown sites. It currently leases 110,000 sf at 500 N. Broadway.

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