Top 10 reasons why sharing law office space makes attorneys more financially and professionally successful based on the results of our survey of solo lawyers.
It’s official! The press and techie independent contractors have finally caught onto something attorneys have known for decades: solo professionals are more successful when they share office space within a collaborative community of their peers.
The freelance economy now calls it coworking, but take away the last supper tables and industrial design elements and what you’ve got is a shared office space.
It’s for this reason that attorneys have been sharing law office space forever, and have been doing so in professionally managed legal suites since the 1960’s.
Perhaps one upside of the coworking movement is the increase of studies by reputable institutions that have confirmed (with statistical evidence) the premise that professionals thrive in shared workspaces.
For example, a recent Harvard Business Review study showed that coworking professionals find more meaning in their work, have greater job control and value the potential for interactions with peers.
But let’s face it, the universal measuring stick for success is generally the size of your wallet.
Several studies have confirmed that that solo professionals sharing office space earn more than those who work from home offices. Similar results have been shown specifically for attorneys sharing law office space.
So on the heels of the HBR article, we decided to conduct a little study of our own.
We surveyed our community of self-employed lawyers about what value they get from sharing law office space.
We’ve assembled the results of our survey in this handy infographic:
The results of our survey were consistent with that of the other studies. No surprise there.
Far and wide, attorneys who share office space get considerable benefits over those who do not.
Of course, as the owner of a company that sells shared law office space I recognize that, on this subject, I have some bias.
But prior to forming this company, as a practitioner in a small law practice, I rented my own law office space, sublet from other law firms and coworked with non-legal professionals. I also know many other attorneys who have done the same.
My personal experience, as well as those of my colleague’s, have been consistent with all the studies.
I truly believe that, if chosen wisely, solos get substantial benefits in any shared law office space in any city.
What about you? Are you sharing law office space? What value do you get?
Please comment below.
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