Check Out Our Top 10 Blog Articles!
Law Firm Suites provides weekly blog content to help aspiring and established solo attorneys and small law firms alike. On this blog, we have gathered the top 10 must-read articles to help you with your firm understand the benefits of a shared office. Continue reading and see the benefit of this content.
A Shared Law Office Space in the Financial District Might Be Exactly What You Need
A Financial District shared law office is not much different than a traditional office. However, it is a type of space that caters primarily to attorneys desiring something in the area. Often at times there are various perks in a shared space like being turn-key and coming fully equipped. Not much is needed to make the office your own comfortable work space. You just need to move in. A shared space in general allows an attorney to do more than just work from home.
Minimize and Prevent Damage From Missed Appointments In Your Shared Office Space
Your prospective client arrives at Law Firm Suites reception for a 10:00 A.M. appointment. He just got a coffee from Starbucks and a bagel from a street cart and is excited to meet with you. The receptionist calls your office line, tries your cell, knocks on your office door, but you are nowhere to be found. After an extended period of time and waiting, the potential client takes out his cell phone, calls another attorney and makes an appointment and leaves the office angrily. The receptionists give the details of the story to you the next day, which turns out to be a scheduling error. You had accidentally double booked yourself and ended up being in a meeting outside the office. It’s easy to enter an appointment in your calendar for the wrong day, then double book the time (as was the case with this attorney).
What you Need to Know Before Renting a Shared Office Space
You need to know these four things about your law practice before renting a shared office space if you want to find the best balance of flexibility and stability for your firm. 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.
Manhattan Shared Office Space: A Solo Law Firm’s Secret Weapon
While looks aren’t “everything” for a law office, appearances do have an impact on your firm. Your office has an affect on your image of professionalism. That’s just a fact. Knowing that, what can you do if your law practice is not yet well enough established for you to afford a high-end office in a prestigious neighborhood? How can you be a mover and shaker when you are not in the right place to do so?
Manhattan Shared Office Space Helps Eliminate Problems for Solo Lawyers
As far as rules go, the law of supply and demand has not changed despite all efforts to make it so. If you want law office space in midtown Manhattan, be ready to suffer sticker shock. According to a recent JLL Real Estate infographic published in Forbes, New York is the fourth most expensive city in the world for office space, at an incredible average cost of $171 per square foot. This shocking realization leaves you with few options. You can take out your checkbook and spend your kid’s college fund on a new office, or you can find a more equitable alternative solution for your law office.
Why Do Lawyers Choose Shared Office Space?
A shared office space provides a plethora of benefits that serve to help solo attorneys and small firms. Shared office space is an option where an office rental, workstation, or something of the like is provided in a rental agreement. It is typically ready to move in and is often occupied by solo attorneys or small firms that need something other than an “at-home” situation. These types of arrangements are also much simpler as the attorney is not signing a direct-to-landlord lease.
An NYC Shared Office Space Might Be The Most Appealing Option
Solo attorneys and small firms choose NYC shared office space for four main reasons. An NYC shared office space is not much different from a traditional office space rental. However, a shared space provides perks like being fully equipped and move-in ready. Not much is needed to make the office your own comfortable work space. You just need to move in. A shared space allows an attorney to do more than just work from home.
Why Is Shared Office Space Ideal For Attorneys?
Attorneys used shared office space for three main reasons over any other type of rental. Shared office space for solo attorneys has been a concept that has been around for years. Sometimes a solo will rent an office from a firm or lease their own space in a shared office. This is because there is high value in working around attorneys whether you are part of the same firm or not. If you’re thinking about starting a solo law practice, or are already practicing and in the market for different office space, here are the top 3 reasons solo attorneys prefer shared office space.
The Appeal Of A Shared Office Space
A shared office space parallels traditional office rentals in many ways. The main difference is that a shared office is typically fully-equipped and allows for a turn-key approach to moving in. Basically, you do not need to do much to make the office work for you except for moving in your stuff. This shared space allows an attorney to do more than just work from home.
Why Shared Law Office Space Is A Safer And Cheaper Option
Learn the benefits of shared law office space and why other lawyers are making the switch. No matter if you have been practicing for 30 years or you are fresh out of law school, the office that you choose to practice out of can make a massive difference in the success of your practice. A traditional office means you have an office all to yourself and you can set the rules, but can be very expensive. Then if you decide to rent out extra rooms to other lawyers or businesses then you have to add the role of landlord and office salesman to your daily duties in addition to the demands of your practice.