Global law firm Clifford Chance is reportedly set to relocate its entire corporate team to office space in Canary Wharf, introducing a trail of open-plan working in the process.
According to one report, the consolidation of their office space could result in a saving of around £1m each year on business rates alone – while the soon to be vacated offices still leased by Clifford Chance will be made available to a long-term tenant.
While the aim of the move seems to be led by the financial benefits, it is also expected to help integrate employees from the various teams involved in the move.
In terms of the open-plan trial, this is expected to run for an initial period of 6 months and represent a significant change in working habits and practices. This is perhaps highlighted by the mix of volunteers and conscripts participating in the trial.
As Clifford Chance consolidate their office space and begin looking for a long-term tenant to fill their soon to be vacant space, it may be that the financial sector could offer a solution – with Canary Wharf set to become the new financial capital of London following the arrival of a string of financial institutions.