A New York City virtual office can help your out-of-town law firm maintain a local edge, especially if you just moved out of New York.
A virtual office is the most affordable means for your firm to retain your existing clients, while gaining access to new, lucrative referral partners.
What is a New York City Virtual Office?
A virtual office is a rental arrangement where attorneys can pay a low monthly fee (typically starting at under $100 month) to rent the use of a commercial address and have access to office space and conference rooms on an as-needed basis. Virtual offices are frequently used by solo attorneys and small law firms who work from one place (out of town or from a home office) but want a premium commercial office address in different location.
Certain geographic locations tend to attract New York lawyers: Florida, Texas, Pennsylvania and California are among the most common.
Transplanted New Yorker’s in these states can maintain their bar admission standing and client base with a New York City virtual office, while generating new client relationships in their newly minted “home state.”
For example, a Fort Lauderdale, Florida based transactional attorney maintains a New York City virtual office presence because he wanted to keep his slice of the big apple client base. A New York native, he couldn’t stand the endless winters. He moved to a perpetual summer, but didn’t want to waste his New York license.
Recently, a construction law firm came to us requesting a transactional attorney specializing in mergers and acquisitions. We set up the meeting. This meeting was decisively fruitful. The Florida attorney ended up being brought in as co-counsel in the above matter and has had three more cases referred to him from the construction firm alone.
In fact, the Florida attorney recently shared with us that the fees he collected from the co-counsel opportunity covered his New York City virtual office cost’s for 5 years.
A New York City virtual office arrangement provides out of town firms, like the Florida based attorney, inexpensive access to new local clients that they would have spent 10x more to reach though targeted advertising campaigns, while maintaining a stable New York City presence.