Ways to Rethink Your Business Tools to Optimize Their Value

By Law Firm Suites - May 6, 2021
Ways to Rethink Your Business Tools to Optimize Their Value

To maximize the benefits of the tools and platforms your business uses, you may need to alter your thinking. You might want to look at things in a new way, or maybe just find a new way of utilizing the tools you use currently.

Rethink Ready!

During this past year, many businesses have had to adapt to new ways of running their business, and lawyers are no exception. We quickly implemented virtual tools to meet with clients and stay connected with coworkers and employees.

With all of these changes, you may now realize that your large office is no longer a necessity and you may be considering a coworking space. Not only will it save you money on overhead expenses, but working alongside other professionals may increase your productivity.

What Is Coworking Space?

Even before the current climate of change around the world, people have experienced start-up problems. With limited budgets, sometimes buying or even renting private office space could be a hassle. But, this problem can be solved by using coworking space. There are differences between a coworking space versus a private office, one of them being that coworking spaces provide a more economical option than normal corporate office rental. 

A coworking space is shared by other workers that are also looking to escape the isolation of a home office or coffee shop and may find that having their own office does not make sense financially. 

Coworking spaces tend to have more personality than the usual office. One of the major advantages of a coworking space is the ability to rent out only what you need vs. an entire private office, which could be very costly.

Who Uses A Coworking Space?

Typically you will find freelancers, entrepreneurs, start-ups, and now even small law firms, virtual attorneys, and solo attorneys working in a coworking space because of the flexibility they offer. 

These shared workspaces offer a suite of office-like facilities such as hot desks, private meeting rooms, kitchens, coffee, and more. They also provide a sense of community among the members.

SMALL LAW FIRMS- A coworking space for a small law firm is beneficial because it keeps the overhead cost down and provides services at a reduced rate. Allows you to interact in coworking spaces with other firms, which makes attorneys feel less isolated; they can maybe share ideas and build communities.

SOLO ATTORNEYS- Brilliant for solo-attorney because they are a lot cheaper and don’t have the commitments of traditional office space rental. It is an excellent option for freelancers because it offers flexibility, so you can choose your hours to be at work. 

VIRTUAL ATTORNEYS – Also benefit from coworking spaces, using the space when they need to. Often finding these spaces put them in the right place at the right time by connecting them with various other people and other attorneys. The flexibility of meeting with potential clients and current clients by utilizing conference rooms helps as well. 

How Is Coworking Space Used?

Coworking spaces have become so popular larger organizations have started to utilize coworking spaces wherever possible. Coworking shared spaces allow for true freedom and mobility.

They allow for innovation by giving different people with unique skills and talents to connect and collaborate in a shared space.

Is Coworking Space Worth It?

That of course is up to you!

Renting a desk at a coworking space could mean losing the freedom to work in your dressing gown and could add an extra cost to your budget.

Working from home is great sometimes, it saves you money, you can meet potential clients in coffee shops, etc. But as your business grows, are meetings held in your kitchen at home or a coffee shop the image you want to portray? One of the advantages of coworking is networking. Getting out of the house gives you the possibility to meet new clients. When you work from home, it’s infinitely more challenging to meet new people. 

But if you are working alongside other freelancers, you have the opportunity to collaborate or even offer your services!

Getting dressed and leaving your house puts your mind in work mode! You no longer have the distractions of your home. You get to your workspace, and your mindset immediately changes onto work! 

Creating The Right Coworking Space For You!

Working in the right environment is crucial to work productivity, thus you need to invest in a good and comfortable place to enhance your overall results. For example, people working in a coworking space in Denver have the optimal conditions to be flexible and fully focused on driving their own business forward. However, if you are not in the area you can look for other working spaces near you that are suitable for you and the team.

 

How an Out-of-State Virtual Office can Help Your Firm

About Law Firm Suites

Law Firm Suites is the leading NYC shared office space for solo attorneys and small law firms. At Law Firm Suites, attorneys get headache free sublet office space, virtual office rentals and litigation hotel services. Law Firm Suites has two locations in Manhattan, one in White Plains NY, and one in Annapolis MD. Law Firm Suites' community of self-employed lawyers are eager to help colleagues succeed, and routinely exchange over $2.5 million in legal business every year in each LFS business center. Connect with Law Firm Suites on Twitter and .

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