Solo Practice

Starting a solo practice is hard.  It takes persistence, attention to detail, and a realistic, implementable business plan in order to succeed as a solo lawyer.  Of these challenges, the most prominent are the basic issues of business administration, office space, and legal marketing.

 

Legal Administration

Besides the work you are doing in the court room, when you run your own solo practice there is always more work to be done in the office.  Between answering emails, scheduling consultations, processing billing, and document preparation a solo attorney may find themselves overwhelmed by paper work.

The Thomas Reuter’s Solo and Small Law Firms Group recently completed a study asking attorneys about the most challenging aspects of their profession, and not surprisingly, time spent on nonbillable, administrative tasks was at the top of the list.   Survey results concluded that 31% of all solo and small law firm time is spent handling administrative tasks.  These results should be a wakeup call to solo practice attorneys.  The 31% is even more shocking when you break down its impact on a firm’s profitability and bottom line.  Take the breakdown below, for example:

 

  • 40 hour work week * 31% of admin time = 12 hours of unbilled work

 

  • 12 hours of unbilled work * $150 hourly rate = $1,800 lost weekly

 

  • $1,800 unbilled hours per week * 48 weeks per year = $86,400 lost yearly

 

Obviously, no firm can carry the high costs of inefficient administrative methods without seriously diminishing potential profits.  As a solo attorney finding a better way will be essential to your success.

 

Office Space

 

Another challenge comes in the form of finding a place to meet your clients.  It’s no secret that a more professional image leads to higher hourly rates.  Attorneys who meet clients at a coffee shop will just simply never make as much as those who meet on the 8th floor in an executive office suite.  Unfortunately, solo practicing lawyers often cannot afford prime real estate.  Meeting at home is no better.  Lawyers who go the home office route soon find they sacrifice their privacy and comfort at the expense of their practice.

 

Legal Marketing

 

One of the most difficult things for young, solo practice attorneys just starting out is finding clients.  Marketing is challenging for all businesses and there is no lack of competition in the legal field.  New attorneys need a networking group to support them and spread their name.  They need high quality printing and copying equipment to print flyers and direct mailers.  They also need a professional address and local phone number to promote online and on business cards.  If your address is a P.O. box and your phone number area code is from Maine, no one will ever find your firm when they search for a Baltimore attorney.

So What’s the Solution??

 

Luckily, there is a solution for solo practice law firms and attorneys.  At Officense we have been helping attorneys for over 10 years.  Our team of executive assistants can scan packets of discovery materials in mere minutes, and make your scheduling and client follow up a breeze.  Stop meeting your clients at restaurants and use our beautifully furnished offices and conference rooms which can be rented hourly, daily, and yearly.  Attorneys can leverage our network of business connections and take advantage of Officense community events to propel their firm from an unknown to being talked about by business owners throughout all of Baltimore.  The resources and amenities provided by Officense are what every solo practice and small firm needs to beat the competition and reach their potential success.  Call us today at 410-814-7500 and learn how we can make your life easier and help your practice grow!

 

Business Incubator
As a business incubator, Baltimore is the place to be if you’re a budding startup. What makes a particular location a top business incubator? Is it low-cost office space or is it business services offered within a community?

Startup Requirements

Firstly, let us examine what a startup needs to thrive. The Maryland Business Incubator Association states: “the resources that young companies need to grow [are] management guidance, technical assistance and consulting; flexible rental space; shared basic business services and equipment; virtual memberships; technology support services; and assistance in obtaining financing.” Along with these wonderful resources, a new business also needs a dedicated phone service for all their new clients to reach them. A dedicated business line, with live answering, will improve client retention for any business. Furthermore, clients like to know they can reach someone and not just a voicemail box that someone never checks.

Secondly, in addition to a live answer business line, startups need professional office space in a high traffic area without the high-priced commitment of leasing a whole office. This type of office space goes by many names: flexible space, co-working space, shared offices, or virtual office. Honestly, the list is endless! What’s important about this type of business space is that it’s a la carte. Finally, Startups should only pay for the time they need, allowing their resources to be allocated in a more practical way in the beginning of their business’s life.

Your Personal Business Incubator

In conclusion, where can you find all the best resources that the Business Incubator of Downtown Baltimore has to offer? The answer is Officense! Our facilities have a la carte executive office space and conference rooms with amenities such as high-speed Wi-Fi, executive furniture, conference capable phones, city views, address services, and fully trained executive assistants. With Officense, Executive Assistants will live-answer your calls, greet your clients, handle your mail and that’s all without you even being in the office. So, make the trip downtown and tour our facilities to begin your business incubation journey, today!

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Working Remotely

No morning traffic. No rush out the door. At the office, it seems like everyone is focused on their computer, talking on the phone or online anyway. Working remotely is a growing trend in the business world. Is traditional office space really still necessary? Let’s talk about the pros and cons of working from home to see if it works for us.

Working Remotely

With new technology and ways to communicate virtually, there has been a rise in working remotely. In America, there are more than 13 million people who spend at least part of their week working from home. Studies have been done on this new trend that share its many advantages. The article Four Ways to Make Working from Home Work for You discusses how “workers tend to be more productive, take less sick days, tend to feel less stressed, and work more hours than employees who are exclusively on-site”. Plus, there are the obvious advantages. Not having to spend extra time getting ready in the morning, skipping commuter traffic, and the ability to run an errand or travel. Being able to customize your work day is appealing to everyone.

Finding the Right Balance

Why isn’t everyone working remotely? Four ways to make working from home work for you also discusses the drawbacks. Marissa Mayer, CEO of Yahoo, explains “while there are obvious advantages to working early or being able to take [the] time to run a personal errand, it’s also easy for this to work against you. Colleagues may not know when they can reach you or may find you unpredictable”. Marissa has worked both from home and in a traditional office. She shares that when she worked from home she “made every effort to appear as if she has a ‘real office’ with a new phone line, business-sounding address, and corporate feel”. It is important to find the right balance for you and your business when deciding how to work.

How to Make Working from Home Work for You

Together, you can find the perfect balance between working from home while having all the advantages of a traditional office. You can bridge the gap by getting a virtual office assistant, office space when you need it and a professional business address. You have the ability to grow your business from the comfort of your home. At Officense you will have a team of executive assistants, both in office and virtually, who tailor services to your needs. You will gain a fully trained and professional staff that will make working from home work for you.

Our executive assistants answer your calls, handle your mail, greet your clients, follow up with leads and schedule appointments, providing a corporate feel and impressive business address. We provide high-end business facilities with fully furnished dedicated and a la carte office space, as well as conference rooms by the hour. An instant office when you need it, professional phone service to give your home office a corporate feel, and an impressive staff to help you with all of your administrative work. Give Officense a call at (410) 814-7500 to meet your new staff and tour your new business location, today!

Executive Assistants

 

Executive assistants may be more important for your startup business than you think. They give the first impression and convey your company’s message, which is key for your new brand’s image. For every company, especially a startup, customers are extremely important for the future of your business.

Ability to Make or Break Your Business

In Micah Solomon’s article “Leadership is Swell, But Your Receptionist Makes or Breaks Your Business” he claims a “clueless receptionist today, a bankrupt business tomorrow”. His article provides the example of the Ritz Carlton Hotels rigorous training for their receptionists. This customer service focused approach is based on their belief that every single employee is a representation of the brand. Solomon believes that thefirst and last impression creator is among the most important positions in your enterprise.” Executive Assistants, receptionists, or any employee on the front line, are essential for your entire business.

Keep a Lean Team and Spend Wisely

Now, I understand that a startup business may not always have the means to provide rigorous customer-service training for their employees. Or perhaps, even have the time to hire or train new employees at all. In an interview, a first-time business owner gave tips to make a successful startup company. Her #1 tip was to “Keep a Lean Team and Spend Wisely,” where she advises avoiding unnecessary hires and spending every dollar intentionally. This cost efficiency is what all startup business owners can connect with.  As a business owner, having an executive assistant would allow you to use your time adequately. But, there is simply not enough time or money to hire and train these employees.

Your Executive Assistants

Having professionally trained executive assistants who exude your new brand’s image, without having to spend time training, while staying on budget. I know what you are thinking- this is not possible for my business. Well, with Officense it is! At Officense you will have a team of executive assistants, both in office and virtually, who tailor services to your company’s needs. Our team comes at a fraction of the cost of hiring an assistant on your own. You will gain a fully trained and professional staff that will give your startup the great first impression it needs.

We have executive assistants to answer your calls, greet your clients, follow up with leads, schedule appointments, and much more. We also provide high-end business facilities with fully furnished dedicated and a la carte office space, as well as conference rooms by the hour. Give Officense a call at (410) 814-7500 to meet your new staff and tour your new prestigious business location, today!

Co-Working Space in Offices

Co-working space

The business world has been praising the success of co-working space in offices. Indeed, they have many benefits for dynamic companies. Co-working space promotes teamwork, healthy work relationships, and assists with company office costs.

Collaboration in the Workplace

Ah, teamwork! This dreaded activity is one that everyone can relay a horror story on. Indeed, many businesses have a difficult time promoting collaboration through teamwork among their employees. One sublet tactic for promoting teamwork is creating a co-working space within your office. It allows your employees to see the work others are doing and potentially offer assistance. As the saying goes, “Two heads are better than one.” If co-working space promotes collaboration, then it is pivotal to provide this to your staff.

Healthy Work Relationships

Co-working space can also foster healthy work relationships. These spaces promote interaction among your employees. Spending positive time with one’s coworkers can assist with employee retention and an optimistic company culture. Employees are more likely to be satisfied with their work if they have workplace friends. Who wants to come to work and feel like a stranger among their colleagues? Answer: No one …

Cost Effective Co-Working Space

Having multiple offices or cubicle for your employee is not a cost-effective use of office space for most businesses. Not only is this practice stifling to your employees’ potential collaboration, but it is also costly. Co-working space has the potential to require less construction and costly cubicle walls. Instead, allow your office to breath well protecting your profit margin. Another benefit for businesses is telecommuting employees can utilize the co-working space, during the times you briefly need them in the office.

If your business is in the market for High-end office or co-working space, give Officense a call! We provide all inclusive business facilities with fully furnished dedicated and a la carte office space, as well as conference rooms by the hour. Give us a call at (410)- 814-7500 to schedule your tour of our downtown location, today!

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