Google isn’t just for searching anymore, and the company has created a bundle of services that make running a business easier, faster, and cheaper. Google Apps for Business is Google’s comprehensive paid solution to help businesses work more efficiently, but even the freebies Google offers can make daily tasks simpler.
In the previous post, we talked about how expanding into new markets can be a great way for a law firm to grow. We also identified a variety of challenges. In this post, we talk about five ways a virtual office can help a law firm accomplish a rapid and economical market entry.Read More >
The Affordable Care Act has officially been implemented, and small business owners are bearing the brunt of rising healthcare costs. According to a survey by the National Federation of Independent Business, over 60 percent of surveyed small business owners with less than 100 employees are “paying higher insurance premiums per employee in 2013 than they did in 2012.”
Many entrepreneurs must travel around the country to meet new clients, visit current ones or even connect with colleagues and employees. When you’re in another city, however, it can be difficult to find adequate office space that doesn’t involve hotel lounges or coffeehouses.
Expanding into new markets can be a great way for a law firm to grow. Whether the firm is a solo, small or large law practice, a new market provides client acquisition and business development opportunities. Having virtual or branch offices in other markets enhances the perception to clients that the business is well-established, growing, and has broader and deeper access to resources. Branch offices can also attract talent or supplement specialties in practice areas.Read More >
In the previous post, we mentioned that office space and support staff are typically among the biggest overhead costs for solo attorneys and micro-boutique law firms (SAMB). Attorneys have a wide spectrum of office space options depending on their work styles and budget. Many options exist between a home-based office and a full-scale traditional office facility. The key to selecting the right option is to know the office requirements of the attorney(s), the tradeoffs among the different options, and ways to overcome the disadvantages.Read More >
As the holiday season draws near, many begin making plans for taking a break to enjoy time with loved ones. But for a lot of businesses, the holidays mark one of their busiest times of year, leaving them in search of helpful and cost effective resources and tools that can help them navigate increases in customers and tasks.
Managing expenses is a special challenge for sole practitioners and small law firms. Overhead expenses can account for about 35% of gross revenues for sole practitioners, and according to a Survey of Law Firm Economics by Altman Weil Publications, Inc., they average 44% for small law firms. See parts 1 and 2 for various virtual office strategies solo attorneys and micro-boutiques (SAMBs) can deploy to enhance their professional image, improve client acquisition, and increase productivity.Read More >
As previously mentioned, one of the challenges a solo attorney or micro-boutique (SAMB) law firm faces is having the resources to acquire and service clients effectively. In this post we highlight how a virtual receptionist or assistant can help, without incurring the big budgets of large law firms.Read More >
A May 2012 billable hours survey by LexisNexis reported that 39% of the time worked by a solo or two-attorney firm is not billed, compared to 8% for larger law firms. Among the various reasons hypothesized for the gap are not using staff for non-billable hours and spending time on networking and business development. While client acquisition can be time-consuming, sole practitioners and small law firms still need a robust client acquisition strategy to generate a good flow of new client business. Virtual office solutions are one answer to some of these challenges. See earlier posts for background on the growing number of solo attorneys and micro-boutiques (SAMBs) and the various strategies an SAMB can deploy to enhance its professional image.Read More >
In the previous post we noted the increasing trend of solo practitioners and micro-boutique law firms. While there are very attractive benefits for attorneys in these practices, a unique set of challenges are present as well. Virtual law firms, in particular, have to address credibility concerns. Partnering with a virtual office service provider (VOSP) can help, and the more common strategies to enhance a firm's professional image are:Read More >
According to Harvard Law School, 35% of US lawyers are sole practitioners. Another study using data from the American Bar Association and American Bar Foundation estimates that 68% of all attorneys in private practice in the US are sole practitioners or in firms with ten or fewer attorneys. A solo practice or micro-boutique provides attorneys with autonomy, flexibility, and independence.Read More >
We recently participated in an #InsideDenver Twitter chat, hosted by Blake Communications and Heinrich Marketing, that was focused on the growth of co-working spaces in Denver. Co-working spaces are certainly a rapidly growing trend, and the chat brought together a group of people who all have a unique perspective on what is behind this growth, the unique advantages of these spaces, and how co-working will continue to evolve.