Android : View logcat in Android Studio without creating a new project

I am trying to use Android Studio as my main Android IDE.

One thing i'm used to having from Eclipse is the option to use DDMS to view logcat logs from the attached device.

I cannot seem to be able to achieve the same with Android Studio - it required me to create a new project before i can access logcat.

Is there any way to show logcat output or do i have to create a new project for that ?