Tuesday, April 28, 2015

Do You Really Need Full Time Office Space for Your Solo Practice?

After personnel costs, office space is usually a law firm's biggest expense.  If you are practicing in New York, San Francisco, or Los Angeles rent can be HUGE!  For family law firms, of which most are the smaller solo, one, two, or three lawyer variety, rent can be a real problem.  But does it have to be that way?

Particularly if you are a sole practitioner you have some real options to full-time rent. Over at Solo Practice University (Great site that everyone should know about) Paul McGuire has an insightful post on office options.
"One option for office space is what I like to call the virtual office setup. You have a receptionist who answers the phones and a mailing address and have access to offices where you can meet with clients but not full time. In my current setup I get about 18 hours per month of office use and 4 hours a month of conference room use, which ends up just about 10 meetings per month because they require me to book in 2 hour blocks."
What Paul is talking about here is facilities like Regus, Pacific Business Centers, and other executive suite providers.  These are a great options. In fact my Walnut Creek satellite office is housed in a PBC facility.

Other options Paul explains include the paperless/remote offices and space sharing.  Bigger law firms, accounting firms, real estate agencies, etc., often have extra office space going unused. Those firm managers are all too happy to create revenue by sub-letting that unused space, even if it is just a private office.

Paul's article really gets you thinking about alternatives to blowing a ton of money on you own full-time space.  Check it out here.

Please visit hardinglaw.com for more information about Harding & Associates Family Law

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