Miles & Stockbridge PC is poised to expand its presence in Washington after the firm signed a lease for 26,000 square feet of office space blocks away from the White House and the U.S. Capitol, the Baltimore-based firm announced Friday.
The move, set for April 2019, will grow the firm’s real estate considerably compared to its current 16,500 square feet of space at its 1500 K St. office.
The newly renovated, Class A building will have space initially for 55 lawyers and 80 employees total, the firm said.
Miles & Stockbridge now has 31 lawyers and 12 staff members working full time in Washington. Several lawyers also work in that office once a week, the firm said.
“Miles & Stockbridge was considered a new player in a crowded space seven years ago, and now we are growing at a nice clip,” said Nancy Greene, chairman of the firm, in a press release.
“Given our success to date, we are boldly pursuing further growth in the Greater Washington area.”
The new Washington office will be Miles & Stockbridge’s only office outside of Baltimore large enough to accommodate firm-wide principal meetings and events, Greene said.
“We expect our newly designed space to resonate with the generational shift of our lawyers and to support our anticipated growth and continued evolution in the market,” she said.
This will be the first office space the firm has owned in Washington since opening an office in the capital seven years ago. The new space will allow the firm to stay in one place at it hires lateral attorneys in Washington, Greene said in an interview Friday.
“It was really time to have our own space,” she said.
The building recently underwent a $15 million renovation and has a redesigned two-story lobby and conference facilities, fitness center and rooftop deck overlooking D.C. landmarks, the firm said.
“We considered many spaces in the central business district and in the West End, and 1201 Penn is the best location for our firm and our client relationships,” said John Stalfort, managing director of Miles & Stockbridge’s Washington office.
“Having the opportunity to design a light-filled, modern space with a footprint of under 500 square feet per lawyer should make us one of the most efficient law firms in the Washington Metro area. Our new offices will not be a traditional build-out,” Stalfort said.
The new office will benefit the firm’s clients in Maryland who also do business in Washington and northern Virginia, Greene said on Friday.
“We’re growing in the same way that many of our clients are growing,” she said. “I see this as a better way to service our clients.”
Miles & Stockbridge’s Washington office focuses on financial services, public finance, real estate development, construction, environmental, nonprofit, government contracts, intellectual property and manufacturing industries.
The office also has lawyers who handle international family law and international child abduction matters, energy, education and consumer product safety.