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The Small Law Firm Office Space Dilemma

Posted by jfchester on 08/12/2017
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OWL Suites, was founded by an attorney to solve two of the biggest issues facing solo and small firm lawyers:

  1. Solos:  Finding professional and secure space to work and meet clients that was also convenient and cost-effective

    and

  2. Small firms:  How to efficiently manage overhead expense associated with space, conference rooms, equipment & staff.

Technology, industry changes, and changes to market demographics have made it possible and attractive for many people to leave traditional companies and launch their own.  This is particularly true of the legal industry.

Everyday more attorneys are leaving traditional law firms to form solo or micro-firms.  But independent lawyers still need a secure and professional image, as well as a place to work and meet clients. 

For many years, they used executive suites, PO boxes, virtual offices, and law firm subleases to obtain fractional office space to provide them with the space and resources they need.  These can be great options – but finding a secure and professional space that balances location, resources, image, and cost often proves to be a difficult challenge.

At the same time, many law firms – especially smaller firms – have office space, staff and equipment that is significantly underutilized.  Larger firms can better absorb these costs using scale economics – but smaller firms often cannot.  This creates the “Small Firm Office Dilemma.”


The Small Firm Office Dilemma.  

Because lease terms often extend for 5 or more years, small firms have a difficult time estimating how much space they need, and can afford.  They worry that if they don’t get enough space, their firm won’t be able to grow.  However, if they get too much space, the overhead cost will be a burden.


OWLS helps  firms with excess office space and capacity generate additional revenue by marketing their space to independent attorneys in need of professional and secure work and meeting space.

OWLS makes it easy for firms to turn excess space and capacity into extra revenue.

If you need work or meeting space, or if you have space you’d like to share, CONTACT OWLS today.

 

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