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Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

August 9, 2017 Bisnow

Law Firm Buys Private Jet As Cheap Alternative

To Leasing Silicon Valley Office Space

In a creative move aimed to reduce occupancy costs, Houston-based law firm Patterson + Sheridan bought a nine-seat private jet to shuttle lawyers to and from Silicon Valley each month instead of leasing space in one of the nation's most expensive office markets. The firm paid $3M for the jet, which costs $2,500 per hour to operate plus about $1,900 per passenger.

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