For Anthony Girgis, being a skilled attorney and savvy business owner are not mutually exclusive traits. Attorneys like Girgis, who are taking the entrepreneurial plunge, are doing so in a shared office environment.
With a successful practice in Woodland Hills, CA, Girgis was looking for a cost-effective way to expand his practice throughout the region and grow his client base. He knew he needed office space and access to meeting rooms for client meetings, but he also was pragmatic recognizing he wouldn’t use the space on a daily basis and, therefore, didn’t need long-term leases to reach his objectives.
Lawyers have specific business needs and a growing number of solo practitioners as well as larger firms are finding a flexible environment is a convenient solution that allows them to manage overhead, expand the business and maintain a professional image. Larger firms are drawn to these facilities – in particular the meeting rooms – because they offer a confidential and neutral location for depositions or trial preparations.
After some research, Girgis looked at a flexible office provider who was able to provide an office in Woodland Hills, along with satellite offices in L.A., Orange and Riverside counties.
“Regus has allowed me to expand my business without incurring the high upfront costs of opening new offices.”
Mobile technology has enabled client-facing professionals – from lawyers to accountants to work anywhere at any time and there is a growing demand within the legal industry for flexible space. The momentum is shifting towards this way of working because of the tangible benefits, including:
A professional image: Lawyers can establish a presence at a top-tier business address minutes from where they need to do business. A prime location, within close proximity to the courts, is not a perk just for large law firms. Locating a business center minutes from a courthouse is quite common. These business centers tend to host lawyers who are dropping in to do work before going to court or use run their business from this location due to its proximity.
Flexibility: Unlike the financial liability associated with long-term agreements, flexible workspace providers allow its clients to determine the lease terms based on their current needs. This enables a business to grow or downsize without risk. Lawyers, like Girgis can have a presence and pay for only the space they need. This is particularly beneficial for out-of-town firms who may be looking to set up an office in a new market.
A Business Incubator: Networking and professional connections can lead to new opportunities. Otherwise-isolated lawyers can meet other professionals from other industries, which can lead to new partnerships. A number of our legal clients share referrals with each other. By collaborating with other professionals who have different areas of expertise they can leverage their collective knowledge to gain new business.
Ability to Outsource Office-Related Tasks: As a Regus customer, Girgis can use pay-as-you-go services such as paralegal support. When compared to adding headcount, Girgis admits this is an affordable way to ramp up additional support as needed. This will boost productivity and allow attorney to focus on client work.
A Firm Grip on Costs: Sharing space also means sharing costs. An attorney won’t need to invest in office equipment, furniture or meeting room space. These are amenities are readily accessible and can be used as needed. Girgis can scale in business and by having a cost-effective presence in neighboring cities to Woodland Hills that he pays for as needed allows him to be efficient with his capital.