Sublet Midtown Office: Too Expensive? Think Again.

By Stephen Perih - May 19, 2014
Sublet Midtown Office: Too Expensive? Think Again.

With a Law Firm Suites Start-Up Package, newly solo attorneys gain access to the sublet Midtown office they otherwise may not be able to afford. Why settle?

 

Sublet Midtown Office: Too Expensive? Think Again.Let’s face it. Manhattan office space is expensive. In fact, it is the number one concern of solo attorneys looking to start a new practice. Add in the additional monthly cost of phone service, Internet service, a commercial copy machine, electricity and a full-time secretary to greet your clients and many solo attorneys find themselves starting their practice from a home office.

By choosing to start a new law practice from a home office, attorneys lose many of the benefits of physically coming to a dedicated sublet Midtown office on a daily basis, especially if the office is comprised exclusively of attorneys.

These benefits include:

Sublet Midtown Office: Too Expensive? Think Again.1. Shared law office space reduces malpractice risk.

By accessing the legal expertise of other lawyers in a shared sublet Midtown office, attorneys can quickly advise clients on areas where they may not be as comfortable without exposing themselves to additional malpractice liability.

 

2. Shared law office space in a sublet Midtown office increases the scope of cases an attorney can handle.

By co-counseling on cases with other lawyers in different practice areas, solo attorneys can retain a larger portion of the leads that they may otherwise lose to a full-service law firm. This leads directly to increased profits.

 

Sublet Midtown Office: Too Expensive? Think Again.3. Shared law office space in a sublet Midtown office helps attorneys lose fewer clients to other law firms.

Often, client matters arise during the scope of representation that outside an attorney’s practice area. For example, an immigration case may include family law questions and criminal defense issues. In shared law office space, attorneys can refer to or co-counsel with a suite-mate from their sublet Midtown office.

 

Through the proximity of office location, the referring lawyer will keep better control over existing clients, minimizing the risk that the referring lawyer loses the client to another firm. Since all your referral partners are in the same shared sublet Midtown space, there is social pressure and accountability for the lawyer receiving the referral to do a good job.

 

Sublet Midtown Office: Too Expensive? Think Again.4. Sublet Midtown office space encourages success.

 

When it comes to shared law office space, the whole is greater than the sum of its parts. If you surround yourself with other success solo attorneys, you will start to mimic what they do to become successful. A shared sublet Midtown office space environment will accelerate your legal and practice development skills.

 

A workstation provides a solo attorney access to a shared sublet Midtown office on a Downtown budget.

A workstation, sometimes referred to as a “cubicle” is a semi-private office space located within a shared law office. Depending on the executive office provider, a workstation can range in size from 25 square feet to 64 square feet. Generally, they come fully furnished with a desk and office chair.

The largest benefit of renting a workstation as opposed to a traditional office is price. Workstations are generally one half the monthly price of a traditional office. This allows a newly solo attorney to greatly reduce the monthly carrying costs of a sublet Midtown office when first starting their practice.

Gradually Increased Rent Escalations

One of the largest concerns voiced by newly solo attorneys is: How am I going to pay for sublet Midtown office space?

It can be terrifying to sign a contract with the knowledge that you do not have any clients to help pay the monthly rent.

In anticipation of this, Law Firm Suites has created a Start-Up package, designed specifically for attorneys just starting a solo practice.

The Start-Up Package is designed around gradual rent escalations through the course of your first year of practice. The monthly rent begins at a lower rate, anticipating that you may not have a robust book of business. As your book of business grows, the monthly office charge gradually increases.

With this program, lawyers who may have otherwise been priced out of a sublet Midtown office space have access to all the practice development benefits associated by being surrounded by successful attorneys, at a low price they can afford.

All-inclusive pricing.

The Law Firm Suites Start-Up package is all-inclusive. Included with the gradual increased monthly office charge, are all the tools a new attorney needs to be successful:

  • Free Telephone Service;
  • Free Internet Access;
  • Free Conference Room;
  • Free Reception Services;
  • Access to a Referral Network; and
  • Practice Area Development Consultations.

A Law Firm Suites workstation Start-Up package lessens the barrier of entry to a prestigious sublet Midtown office market and provides newly solo attorneys all the tools they need to start, and grow, a law practice for a low-monthly rate.


Want to learn more about how to take a Midtown Office for a Downtown Price?

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About Stephen Perih

Stephen Perih graduated Vassar College (no, it is not an all girl’s school) in 2005 before earning his JD from New York Law School. Stephen joined Law Firm Suites in 2012 as the Sales & Operations Manager. Since then, he has organized and emboldened Law Firm Suites’ community and accelerated the unique referral exchange among a rapidly growing roster of attorneys.

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