Even conservative law firms can benefit from their vacant law firm space
As real estate costs skyrocket around the country, independent attorneys and growing small law firms remain agile by subleasing vacant law firm space. It is a brilliant approach. However, their large law firm competitors tend to maintain traditional values and eschew the subleasing concept in favor of a dwindling bottom line.
The legal industry holds deep, traditional roots that can stifle creative solutions and innovation. However, there are several advantages of looking at new modalities and increasing law firm profit margins.