You’re busy. You have your business to run, meetings to attend and deals to close. You don’t have time to constantly answer the phones and perform administrative tasks. This is why a receptionist or personal assistants are so important to your business.
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.
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 >
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 >