If you’re an attorney or member of a law firm, you should think about sharing an office with another law firm. At first thought, some people may brush off this idea, as they don’t want to be closely related to other laws, but there are countless to doing so. If you’re interested in sharing a law office, keep reading and I’ll inform you why it’s advisable and things you need to know to obtain started.
The truth is that many law firms don’t need every one of the space they lease. Many of this unnecessary space becomes extra storage for secretarial supplies and other miscellaneous items, you might be earning profits as a result by sub-leasing it out to other law firms. https://timmileslaw.com/ Times are tough today for law firms big or small and earning profits from your own law firms unused space is an excellent way to add another stream of residual income to your portfolio. Just think, if you’re sub-leading part a part of your working environment that’s not being useful for $700 per month, that’s an additional $8,400 per year in your law firms pocket. However, the benefits of sharing a law office don’t end here.
Once you share an office with other attorneys, you’ll maintain close proximity to other law professionals. So long as you aren’t competing against other on the same cases (which is highly unlikely), having other attorneys close by will be a valuable asset. Whether you will need to ask them questions regarding litigation or simply have an amiable talk about your day, you’ll find there are numerous advantages to having like-minded neighbors.
A smaller known benefit that originates from sharing a law office is that it’s usually already optimized for attorneys and law professionals. Unfortunately, most offices for lease or sale don’t have the correct set-up for attorneys. They’re either too small or not functional for a law office to properly operate in. However, if there’s already a law firm in the building, odds are they’ve modified and done some restructuring to optimize the property for law practice.
The truth is that you could turn any office in to a suitable location to run a firm. Although, with so many benefits to sharing a law office, it’s hard to justify leasing one solely for the firm. Essentially, the complete notion of sharing a law office is really a you scratch my back, I scratch yours sort of deal. Sure, you might rent out a whole building just for your firm, but you’re planning to be wasting plenty of unused space.
There are numerous websites on the web which help connect firms who have extra office space with individuals or attorneys seeking to rent that unused space. Depending which website you use, there may or might not be a broker charge. For anyone interested in sharing a law office, check them out and turn to see what’s available in your area today. You’d better hurry though, as attorneys throughout the nation are jumping on the bandwagon of sharing an office.