As an independent lawyer, leasing your own office space might not be in the budget for several years, but that can actually work to your advantage. Co-working, the practice of leasing space in a shared environment, can be a great alternative for lawyers who don’t have access to their own office, and it offers some unique advantages:
Leasing a shared space is most certainly less expensive than independently leasing an office. Paying for a desk, cubicle or private office in a co-working environment allows you to save money for things like advertising. In addition, you will take home a larger percentage of your paycheck when you have lower overhead costs.
Most of the other benefits of co-working come from the proximity to fellow lawyers. If you practice a different type of law than your co-workers—or just have a different specialty within the same type of law—then you can consult with your co-workers on aspects of cases.
Working alongside other independent lawyers lends itself well to mutual support and professional growth.
In addition, co-working will provide you with a number of referrals from your neighboring lawyers, either because a case is outside their realm of expertise or they just don’t have the time. This collaboration will help you maintain a steady flow of business.
If you’re considering starting your own practice, either on your own or with a few partners, co-working is one of the best options out there.
Contact us for more information on starting or growing your independent law practice in Denver. We offer flexible office leases and co-working space in a professional and collaborative environment.