06:57, July 21 80 0

2017-07-21 06:57:07
Withers chops London property space in agile working drive

Withers is set to move out of its London headquarters next summer, reducing the amount of space it occupies by 10,000sq ft.

The relocation across the road from its Old Bailey premises will see the firm cut down on space from 72,313sq ft to 60,000sq ft.

The move means Withers will become one of the international firms to fully embrace agile-working, with the new office not having enough desk space available to serve the entire workforce.

The firm has taken the decision in the belief that an increasing number of people are working from home, meaning its London staff are rarely all in the building at the same time.

In the months leading up to the move, Withers will be launching projects into how the system will work, with reviews on hot-desking and technology upgrades.

The firm will also be looking into the applications available for lawyers working from home, ensuring they can access the same documents as if they were in the office.

In 2015/16, Withers spent £4.5m on its London office at a cost of £62.2 per sq ft. Its rent bill is expected to decrease by over £600,000 with the move after cutting back on the amount of space by over 10,000sq ft.

Earlier this week, Withers revealed its revenue had grown 8 per cent in the last financial year from £161.5 to £174.5m. Its turnover increased on the back of international expansion in 2015 through formal alliances with Singapore firm KhattarWong and new offices in California.