Shearman & Sterling today announced that it signed a new 338,000 square foot lease at its existing New York City headquarters, 599 Lexington Avenue. It is set to begin renovations to build a state-of-the-art office facility this summer, which will be completed by winter 2023.
“We were founded in New York 145 years ago, and the firm has thrived in its Midtown location over the last 30 years by providing unparalleled legal advice in close proximity to its New York clients and attracting and retaining the market’s top talent,” said David Beveridge, Senior Partner of Shearman & Sterling. “We look forward to creating a premier space that reflects our brand, provides our clients with an elevated experience and supports our continued growth strategy.”
“Our location provides close proximity to many clients and is well-connected to the infrastructure and amenities to best serve them. Renewing our lease enables us to design a space that will leverage technology, incorporate wellness and sustainability elements to provide a working environment that enables more collaboration and sparks even greater creativity and efficiencies for our people,” said Lisa Brill, Shearman & Sterling’s Americas Managing Partner. “We are excited to stay and re-imagine a space that will adapt to our future business needs and look forward to welcoming our clients to our offices.”
The renovations, set to begin in the second half of this year, will generate a dynamic and sophisticated environment featuring more flexibility to foster partnerships and community in high performance workspaces. The new space will feature innovative and eco-friendly amenity spaces that integrate technology to provide greater opportunities to collaborate with our clients in future forward conference spaces, client huddles, library and café.
Once completed, Shearman & Sterling will continue to occupy 13 floors at 599 Lexington Avenue. Located at a central hub in the Midtown East neighborhood of Manhattan, the office is located near mass transit, including Grand Central Terminal as well as the major financial institution and corporate clients in the area.