How Legal Professionals Save Money on Office Overhead
For most solo lawyers and small firms, having a professional office space is one of the biggest costs of doing business. You need an office to meet with clients, provide a desk for your secretary or paralegal, and store your important papers and files. Maintaining your own office space comes at a premium, especially if you’ve positioned yourself in a high-traffic area for the best visibility.
Some solo lawyers prefer the home office to the traditional office, seeing it as a viable way to save money. However, while you may not be paying as much out of pocket for a place to do your work, your bottom line is still taking a hit. Working from home limits your visibility and networking opportunities, both of which contribute to the lifeblood of your law practice. Though you aren’t spending as much money on a traditional office, you may also be limiting your income potential.
Many solo lawyers and smaller firms are recognizing the value of coworking. Though primarily used by startups and entrepreneurs, coworking spaces are growing in popularity because of the money-saving benefits they provide a variety of professionals and industries.
Let’s explore how a private office space in a coworking environment can help lawyers slash overhead costs while boosting their professional image — and potentially their income. Read more.