How many dedicated hours did you spend to become the attorney you are today? My guess is, more than you would like to remember. During those countless hours, were you also studying to become a property manager? No? Why is it then that attorneys continue to find themselves wasting time focusing on filling open law office space in Chicago for the building they’re leasing when they could be working on actual billable hours? For those in pursuit of a law office that allows you the time and financial means needed to focus on what’s important - the work of your firm - there’s a better way.
Consider the pitfalls of purchasing or leasing your own building (apart from the obvious astronomical costs involved):
1. Property Management
More than likely, the space where you house your law office also includes extra space not being used, and that space is eating a hole in your pocket every month. In order to stop losing money with empty space, you’re forced to become a property manager, taking valuable time away from your client work, and adding more to your resume than you have time for.
- Advertise: More money and time is burned while you advertise your open space for lease.
- Interview: Finding the right attorney to adjoin with your space can be difficult, especially when they should be someone you can look to for collaboration or sharing referrals.
- Onboarding: There’s still time, and thus money, spent in onboarding the proper attorney in Chicago.
My guess is, you also didn’t go to school to spend numerous extra hours each week answering phones and taking messages instead of handling your client work and focusing your time on billable hours. If you’re a Chicago attorney in your own law office building, this is another detail you will have to handle.
- Greet Clients: Someone has to do it, and if you aren’t putting even more of your income towards staff, that someone is you.
- Field Calls: When you aren’t spending your time answering the phones, you’re spending it checking the messages.
- Hiring Reception: If you do hire someone, unless you’re paying a sizeable wage, you’re likely to wind up with constant turn-over, causing you to lose even more billable hours in training new staff.
3. Revolving Door
You’ve occupied your empty space and are now, hopefully, at least breaking even on the yearly expenses for your law office space. However, there’s another major downside to leasing out space; no guarantee of your tenants staying. Once they leave, you must begin the process all over again.
The solution: Choose a Coworking Space for Attorneys instead. Aside from the considerable savings, coworking spaces offer:
- Pay for What You Need: Having a coworking space for attorneys in Chicago doesn’t have to mean losing your private office. In fact, you still get to enjoy a private office, but you stop wasting money that goes to the extra space you don’t use.
- Reception is Included: With Amata Law Office Suites, quality reception is a no-brainer. That’s why we include that service for our clients at no extra charge. Aside from not having to answer incoming calls and take your own messages, you can trust that the reception staff members are staples in our office spaces. We train and pay them well to ensure they stick around, and you and your clients don’t have to worry about turn-over.
- Network of Attorneys: It can be hard to find the right fit when looking for one or two other attorneys to fill your law office space in Chicago. Utilizing a coworking space for attorneys through Amata Law Office Suites allows you a large network of attorneys with which to collaborate, and we host regular networking events exclusively for attorneys to offer your firm the best chance of success in this business.
Make the move and start truly investing in your practice. Amata Law Office Suites provides you the ability to never have to worry about property management again, so you can focus on just being an attorney.
While you’re at it, check out why attorneys in Chicago are choosing coworking spaces over traditional private office buildings.