When is it time for your office to expand? Should you get a co-working space or more permanent space that you control? When have you hit market saturation and can lawyers share offices? Let’s talk about that.
A second or even third location may be worth looking at when you’ve reached a certain level of market share. In one example, an attorney was representing 1/3 of all divorces in the area. Here in the greater Phoenix area of Maricopa County, we’re nowhere near that, but nevertheless we’re looking closely at new office space in another section of our county. Since clients more often like to meet in person, location is key.
New office overhead is expensive, but a satellite location may fill your needs in a less expensive manner.
Billie Tarascio talks about the factors involved in getting more office space for your law firm in this modern law practice ‘vlawg.’