There has been an increase of “virtual law firms” in recent years. The trend has grown with the evolution of cloud-based practice management tools and other trends that make a physical space less of a necessity than in years past. Many people disagree over whether it is necessary for solo practitioner attorneys to have a space of their own.
There are certainly advantages to working out of your home if you have a solo law practice. The most obvious advantage is that virtual law firms have drastically reduced overhead costs over those with office space. Lower costs coupled with not having to commute to work every day are enough reason for many solo practitioners to choose to work from home. Some of these attorneys use a virtual office to obtain a business address, but work from home.
Networking Brings Clients to You
There are several benefits to working around other people. Occupying an actual law office space facilitates networking opportunities that virtual law firms do not. In a business center environment, people from many different industries can take the opportunity to network and refer business to one another. Often, the referrals alone can make up for the difference in cost between working from home and renting a space.
What Your Space Says About You
Finding the right space for a law office can be difficult. A law office should have a perfect balance of sophistication and accessibility. People want to know that they are dealing with a qualified and detail-oriented professional, but it can be hard to avoid the stuffy, impersonal feel of a traditional law office. A space in a business center can give you an elegant, well-furnished office without all the hassle of finding and decorating a traditional office space. Virtual law firms that expand into space in a business center often find that costs can actually be much lower than a traditional office setup. This is due to the fact that many of the hidden fees that come with traditional space, such as furnishing and maintaining the space are already included in the monthly price of a business center space.