Quote:
Originally Posted by chicubs111
Kinda surprising considering 300 north lasalle is not really that old of a building
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Kirkland's profits per partner have grown by more than a factor of two since then, from $3 up to $6 million. And their other branches have gotten new offices. The Chicago office is nominally the headquarters, so they want to get theirs. Given the income, I've always been surprised their offices aren't nicer -- if I had that money and spent all my time at my office, I'd want it to be pretty nice.
The other issue is that their space in 300 N Lasalle really isn't that efficient. That building is close to square, so it has lots of interior space relative to windows. But the size of the staff is considerably smaller now than even 12 years ago. They don't need nearly as many secretaries as they used to have. They've been shedding floors in 300 N Lasalle over the years, as they realized they needed less space -- they probably could lose at least one more floor there and save about $1.5 million per year.