Davis Graham & Stubbs, the city’s third-largest law firm, will move from LoDo to RiNo in 2024, becoming the second large firm to announce it is leaving downtown for the trendier neighborhood.
DGS, which has 145 attorneys, will take over 80,000 square feet on the top three floors of the eight-story Paradigm River North building, which will span 200,000 square feet. The law firm is the first signed tenant for the building.
Construction kicked off in April and is expected to conclude late next year. The building is being developed by Denver’s Jordon Perlmutter & Co. and the national Rockefeller Group.
Kristin Lentz, one of DGS’ managing partners, said DGS is “pushing the envelope a little bit” by leaving downtown, which has historically been home to the city’s courthouses and law firms.
“You can see now that there are firms that are branching out beyond just 17th Street, even if it’s just a few blocks over on 15th Street, down into LoDo, past Union Station,” she said.
In January, the law firm Moye White leased 42,547 square feet in The Current, a 12-story building being built at 3615 Delgany St. in RiNo. Moye White is currently located in LoDo.
“In our opinion, RiNo is a place that people are spreading to. So, it wasn’t as crucial for us to be in that little, small-block radius” near the courthouses any longer, Lentz said.
The law firm currently occupies 110,000 square feet, meaning it will shrink its footprint significantly when it moves to Paradigm River North, which is at 3400 Walnut St. The firm decided it wanted a smaller space even before the pandemic changed workplace culture, which has been an industry trend in recent years.
“We have physical space that just doesn’t serve our needs anymore, in the form of a physical library, a records department that’s larger than it needs to be, a lot of storage,” Lentz said.
Instead, the new building will include a cafe and collaboration space, allowing employees to work in more small groups “and not just be isolated to an office,” Lentz said.