Check Out Our Top 10 Blog Articles!
Law Firm Suites has amazing blog content designed to help aspire and establish solo attorneys and small law firms. We’ve gathered the Top 10 articles on our Law Firm Suites blog, about what to consider when renting an office or shared space. Take a look and see the benefit of this content.
Beware The Bait And Switch When Searching For A New Law Office Rental
A bait and switch scenario can be a disaster for any attorney looking to rent an executive suite or shared office space. Finding a sublet office is no walk in the park. In fact, it can be pretty stressful and distracting. Shared office spaces and executive suites are meant to provide a sense of stability that can be a huge boost to any busy lawyer. Some of the most common clients of shared spaces and executive suites are solo and small firms and this has become an increasing trend recently.
What You Need To Know Before Renting A Shared Office Space
Moving a law office is not a quick or easy process and it always results in lost billable time. We have found that many lawyers prefer to move their firm’s office no more than once every five years. But this can be tricky. For many attorneys, your practice will likely look very different in five years. Finding an office space that has that perfect mix of flexibility and stability can be difficult. Doing so requires having a solid understanding of these four things.
Skeptical About The Benefits Of Shared Law Office Space? These 3 Lawyers Were Too
Studies show lawyers are more successful in shared law office space. How 3 skeptical attorneys found game-changing success in their legal suite. Recent studies conducted by reputable institutions like the Harvard Business Review confirm that professionals who share office space with their peers earn more money, find more meaning in their work and have greater job control.
Slashing The Cost Of Law Office Space In Manhattan
Manhattan’s 2,700 businesses per square mile can drive law office space prices sky high…unless you use a little ingenuity. Do you want a Manhattan office address for your law firm? If so, you are definitely not alone. The New York Business Journal reports that Manhattan boasts over 90,000 businesses, all vying for space in the most densely populated business environment in the nation. Perhaps that explains why 2015 statistics released by Jones Lang LaSalle reveal that New York City’s commercial lease space is more expensive than in any other major U.S. city, at a whopping $67 per square foot on average.
Would You Rent Shared Office Space In NYC If It Cost $450/Month? We’ve Made It Happen
How MyShingle.com blogger and solo practice expert, Carolyn Elefant, inspired us to offer shared law office space rentals in NYC for $450/month. In a 2013 article, MyShingle.com blogger and solo attorney Carolyn Elefant challenged the profession when she asked: “Would you rent office space if it only cost $500/month, and what can we do to make it happen?” In her article, Ms. Elefant made a case for attorneys renting office space in lieu of working from home. Citing several studies and the opinion of practitioners (including her own), Ms. Elefant concluded that attorneys who rent office space are generally more successful and create more sustainable practices than those who work from home offices.
Insight Into The Bait And Switch With Executive Suites
Encountering a bait and switch with executive suites is a huge problem in the NYC commercial real estate industry. Searching for the perfect sublet office space is no simple task. It’s stressful and can be incredibly draining especially if you are a practicing attorney. Shared office space in NYC is something that is designed to be more stable and a resource to any attorney looking to rent within the space. Small firms and solos often use these spaces and the trend is increasing. This is certainly something that should not be ignored.
Beware Of Differing Cultures In A Shared Office Space NYC
Attorneys need a very specific professional environment. Make sure your shared office space NYC is right for your needs. When you think of attorneys, you think of a profession that needs quiet and privacy for delicate matters. This is because attorneys have a very particular type of business culture where certain ethics must be adhered to indefinitely. If these ethics are not practiced it can result in severe penalties.
Thinking About Getting A Leased Office Space For Your Firm?
The high costs associated with a standard lease agreement may be the main drawback to pulling the trigger and a firm may be better suited office space rather than jumping the gun. Leasing your own office space is a feeling unlike any other. It is a feeling of accomplishment that not only boosts your confidence, it means you have succeeded in your career to have the need to acquire such a space. Having your own space really means you are free to do whatever you want with it.
Decorate Your Shared Office Space The Right Way
Want an easy way to get a referral? One of the easiest ways to do so is by decorating your shared office space to compliment you as an attorney. A shared office space is not just a place for you to do work. It is a physical tool that helps an attorney market themselves to earn referrals. Decorum in an office is incredibly important in obtaining those potential referrals and it is of utmost importance for attorneys to decorate in a manner that not only represents them as a professional but their clients as well.
Shared Law Office Space Can Get You More Referrals
A shared law office space can be the missing link when it comes to long-lasting referral relationships. Referrals are the name of the game in law. They boost your bottom line while also helping you improve your skills as an attorney. If you’re a new lawyer, then you will quickly learn why referrals are the best sources of new business. So why are referrals the best? Because they are vetted!