Legal Cheek reports
The Law Society has estimated it will cost £7.5 million to restore and repair parts of its historic headquarters on Chancery Lane in London, Holborn, that were ravaged by a fire which broke out in February.
The Law Society occupies 113 and 114 Chancery Lane. Most of the damage occurred to the top of building 114 which adjoins the main 113 building. There was significant damage to portions of the roof of 114, to the staircase on the upper floors and to the offices located on those floors.
The Law Society in its annual report, which outlines its business achievements and provides a full financial review, said that the cost of damage will be covered by insurance — bar a £25,000 excess. The net book value of 114 Chancery Lane at 31 October 2019 was £2.1 million.
More at https://www.legalcheek.com/2020/08/7-5-million-to-restore-law-society-offices-ravaged-by-fire/
