Press Release
Duane Morris' Chicago Office Signals Growth with New Office Lease
CHICAGO, July 25, 2007 - International law firm Duane Morris LLP is pleased to announce that it has signed a 15-year lease for new space in Chicago. The firm office will occupy more than 45,000 square feet on the full 36th and 37th floors of 190 LaSalle Street, located in the heart of the city's business district. The lease will allow the firm to move the office in April 2008.
The firm is leaving its current space in Chicago's AT&T Center at 227 West Monroe Street after eight years and is moving to the larger space in anticipation of continued growth. The Chicago office currently has 43 attorneys, including five new partners added in the last year. The new space will accommodate 72 attorneys in total. Also, the Chicago office has options for additional space for greater expansion to meet its growth objectives.
The new space, in a 40-story tower designed by prominent architects Philip Johnson and John Burgee, features post-modern architecture and is located within a short distance of several Chicago business landmarks, including the Chicago Board of Trade and the Federal Reserve Bank. The firm will join notable tenants Goldman Sachs, Smith Barney, Bain & Company and Lazard Freres & Co.
"This new lease marks a significant milestone for Duane Morris in Chicago," David Yelin, managing partner of the Chicago office and a leader of the firm's Real Estate Practice Group said. "We are very excited to be moving to such a well-positioned building, which will allow us to continue to pursue our growth strategy in Chicago, improve office space efficiency and better serve our clients."
The Chicago office opened in 1999 and provides legal services in such practice areas as corporate, trial, securities and M&A, real estate, business reorganization, employment and labor as well as banking and financial services. Its insurance, construction litigation and healthcare law practices have also expanded during the past year.
About Duane Morris
Duane Morris LLP, one of the 100 largest law firms in the world, is a full-service firm of more than 600 lawyers. In addition to legal services, Duane Morris has independent affiliates employing approximately 100 professionals engaged in other disciplines. With offices in major markets, and as part of an international network of independent law firms, Duane Morris represents clients across the United States and around the world.
