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Thursday, December 01, 2016
Akin Gump, One of Last Large Downtown Dallas Law Firms, Considers Uptown Move
One of downtown Dallas' last mega law firms is eyeing a jump to Uptown.
Akin Gump Strauss Hauer & Feld LLP is scouting new office locations in two towers being built in Uptown.
The legacy Dallas legal firm is currently in the 1700 Pacific tower on the northeast side of downtown.
The Park District office tower under construction along Klyde Warren Park and the Union Development being built at Akard Street and Cedar Springs Road are top contenders for Akin Gump's new location, property brokers say.
A spokesman for the law firm said he didn't have "anything to share about the timing or other details pertaining to a possible move.
"Our Dallas office has approximately 90 lawyers," Benjamin Harris said.
Akin Gump was founded in Dallas in 1945 and is one of the city's legacy legal firms.
It's also one of the last major law firms still in downtown's financial core. The company's lease at 1700 Pacific runs until the end of 2018.
That would give developers time to complete either of the major projects now under construction in Uptown.
The Union has more than 400,000 square feet of office space.
The $250 million Park District project at Pearl Street and Klyde Warren Park has 500,000 square feet of office space. Accounting firm PriceWaterhouse Coopers will be the lead office tenant with 200,000 square feet.
CBRE is representing Akin Gump in its negotiations for office space.
Dallas' top legal firms began moving to Uptown in the late 1990s.
The largest company to recently make the move — Gardere Wynne Sewell LLP — just relocated its offices to the new McKinney & Olive tower on McKinney Avenue.
Sidley Austin LLP is also moving to McKinney & Olive.