Law firms on the move: Addleshaw Goddard signs lease for new London office

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City law firm Addleshaw Goddard is set to move to the heart of London’s square mile having signed a 15-year lease on a new office opposite the Bank of England.

The firm, which currently operates out of its Milton Gate office near the Barbican, will occupy eight floors of the former bank and newly refurbished 41 Lothbury building. The move is in line with the firm’s plans to reach net zero by 2024.

John Joyce, managing partner at Addleshaw Goddard, is confident that the City will be “instrumental in supporting” the firm’s global platform: “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.”

Completed in 1932, the historic building used to be home to National Westminster Bank’s head offices before property developer Pembroke bought the iconic building in 2010. This sale came after the Duke of Westminster’s property development company Grosvenor, conducted a multi-million-pound renovation on the building in the early 2000s.

Meanwhile, Shine Lawyers – dubbed one of Australia’s largest law firms – is once again monitoring the UK market and considering several opportunities. Lisa Flynn, the firm’s chief legal officer, said: “The UK jurisdiction is one that we have always been interested in. It is a common law jurisdiction and has a much larger population. This could provide the synergy and opportunity for us to enter the UK at some stage. However – it is critical that we make the best strategic decisions for the firm, at the right time. We will continue to learn as much as we can about this jurisdiction before making any further plans in this respect.”