If you’re an attorney or a client of a law firm, you should think about sharing space with another firm. Some people may dismiss this concept at first because they do not want to be associated with other rules, but there are several advantages to doing so. If you’re thinking about sharing a law office, keep reading because I’ll explain why it’s a good idea and how to get started.Learn more by visiting Law Offices of Stuart M. Kerner, P.C.
Many law firms, in reality, do not need all of the space they rent. While the majority of this unused room is used to store secretarial supplies or other miscellaneous objects, you might make money by subleasing it to other law firms. Making revenue from your law firm’s unused space is an ideal way to add another source of residual income to your portfolio at a time when times are difficult for law firms large and small. Consider this: if you sublease a portion of your office that isn’t being used for $700 per month, your law firm will save $8,400 per year. The advantages of sharing a law office, however, don’t stop there.
You’ll be in close proximity to other legal practitioners if you share an office with other lawyers. Getting other lawyers close by would be a valuable advantage as long as you aren’t taking on the same cases (which is extremely unlikely). You’ll find that having like-minded neighbours has many benefits, whether you need to ask them questions about lawsuits or just want to have a nice chat about the day.
Another important aspect of your office management programme is that it can assist your law firm in efficiently handling all cases that come its way. Billing and payroll, forms for case intake, dispute checks, time and expense tracker, and other features such as paper assembly and law office calendaring can never be overlooked in order to handle this. Be sure that your favourite programme has a screen that displays important information about your clients, their claimants, settlements, defendants’ benefits, and even an amount of salary and medical expenses.