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Amata Brings More Opportunities for the Firms of the Future

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Law Firms – How Big is Too Big for Law Office Suites

Over the past five years, the landscape has dramatically changed in terms of what today’s practicing attorneys consider to be viable, and logistical, space for their firm.

Law Offices Changing with the Times

Traditionally speaking, law firms elected to have their own office spaces, which meant signing a non-flexible lease with a building. However, such is not the case these days.

Technology has many attorneys working remotely, greatly reducing the need for an office dedicated to every attorney in the firm.

Eliminating Large Overhead Costs

For instance, Amata has a fourteen-attorney firm here in Chicago where the attorneys reserve the use of our Amata offices in advance. Between them, they share ten offices, and because they are all rarely in the office at the same time, it allows the firm to keep their office costs down while continuing to grow their practice. The firm maintains an ongoing option to add or remove an office as the needs of their firm change.

Coworking Becomes Commonplace

We live in a business environment where coworking has become the norm for small companies and large corporations alike. It seems only natural that attorneys would want to adapt to this new reality and reap the profitable, worthwhile benefits of shared office spaces.

“So while the world around the legal profession is changing dramatically, few lawyers are making changes to the way they practice law.” – Law Practice Today

The old adage says lawyers are slow to change, and that may still be a true statement, but the firms that will lead the way in the future are quickly moving to play by new rules.

Shared Office Space – Not a Foreign Concept

In many ways, solo and small law practices have already been sharing office space with larger firms for years, so the concept is not totally new.

However, this traditional way of sharing space with larger firms can present several very real, very big problems for those smaller practices.

Traditional Law Firm Space May Leave Your Firm Stranded

The biggest problem is that you may get kicked out with short notice when that large firm you’re sharing space with needs more space for their own growth.

Trying to scramble to find a suitable place at an affordable cost that’s still convenient to your current clients as well as your own needs becomes increasingly difficult when you’re juggling a crunched timeframe.

Another downside to this arrangement is that the larger practice is focused on promoting themselves, not you within the space.

Traditional Law Firm Space Poses Problems for Your Firm’s Expansion

Another rather large issue that should be addressed is when a mid-sized firm takes traditional space with plans to grow. Normally, they will sign a long-term lease for more space than the practice currently needs with plans to add attorneys and staff in the future.

But when those plans don’t materialize as quickly as planned, the firm ends up playing the role of landlord, forced to find other tenants to occupy the empty space until they need it for their own firm.

In the real estate world this “empty space” is referred to as “shadow space”.

Playing Landlord Isn’t Using Assets to Your Advantage

Perhaps the worst part of this process is the fact that the attorney leaseholder rarely has the experience and knowledge of the market and therefore ends up charging tenant-attorney rates below cost, covering the balance with income from the law practice.

At the end of the day, are you practicing law to cover the cost of excess space? Isn’t there a better way to utilize this excess income?

Amata Law Office Suites Provides the Solutions

Amata Law Office Suites is office space designed specifically for attorneys, providing the comradery, connections, and atmosphere attorneys enjoy without the overhead for unused space and long-term equipment lease, reducing the risk of operating a law practice.

You Can Grow and Downsize Your Law Firm as Needed with Amata

As your firm grows at Amata you are easily able to add office space, controlling your costs and incidentally, being aware of your exact cost to add an associate or staff member.

If times become hard for your practice and you need to reduce, you have the option of removing office space to keep your costs in line with your revenue.

Amata Offers Perks You Won’t Find in a Traditional Firm Setting

At Amata Law Office Suites, we’ve been supporting attorneys for over twenty years, so we understand the things you and your clients truly want and need. These are just a few of the perks Amata provides that you won’t get in a traditional firm setting:

  • Lead and Referral Generation
    Amata places great importance on providing a road for your firm’s success. We host numerous attorney networking events throughout the year where you can gain high-quality leads that are often pre-qualified.
  • On-Site Paralegals, Ready to Assist
    Not ready to expand your firm’s staff yet but still need some extra hands on deck? The paralegals located at Amata Law Office Suites are incredibly trained and ready when you need them.
  • Professional, Trained Reception
    Our reception at Amata raises the bar for all others. Professional to the core, they greet your clients and screen your calls so you can focus on the casework you need to.
  • Exclusive Marketing Exposure
    Amata loves nothing more than to proudly support and promote our members. We offer opportunities that include getting published in Attorney-At-Law Magazine, guest blogging at Amata, and more!
  • Flexibility for Every Budget
    Why pay for space you don’t need? Add an attorney or staff member, add an office or workstation; lose an attorney or staff member, remove the cost of the space with a one-month notice. Pay for only what you need, when you need it, and increase your profits. Amata Law Office Suites features plans built-to-suit so you can run your firm more efficiently, including virtual and telecommuting packages!

Place your law office where it should be – with Amata Law Office Suites.

For more information, give us a call us at 312-741-1000, or complete the form below.

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Why Attorneys Choose to Stay in Coworking Spaces

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coworking space for attorneys

Professional office space in Chicago that offers the unique environment attorneys need to run a successful firm can be hard to come by – especially at an affordable rate. What they often don’t teach in law school is how to run a business. This may be why many law firms take on more space than they need with the anticipation of growing into the space. Paying for this extra space is the same as burning your money. Before incurring expenses an attorney should build a proforma to estimate income to expenses and the key metric to use should be cost per billable hour. If an attorney anticipates they will bill 1500 hours next year and they are collecting $250/hour, they may want to keep their total costs at $50/hour or $6,250/month. These costs should include their office space, reception service, software programs, computers (amortized over their useful life), support staff, marketing expenses, and continuing education costs. This same metric should be used when adding attorneys to your staff to set expectations and manage expenses. Coworking or shared offices lends itself to controlling expenses based on estimated billable hours.

Receptionist Services at No Extra Cost

When it comes to coworking space for attorneys that truly provides a quality service for less cost, the first place you look is the reception. We have found that including front desk reception for our clients at no additional charge is a no-brainer. A successful attorney, billing 1500 hours a year, does not have time to waste answering phones and making sure clients are greeted properly. But these things are very important to building a loyal clientele. Staffing the receptionist position is a key part of the value offered at a shared office environment. It should not be a revolving door for temps and part-time employees who care little for their work.

Community

The opportunity to work among your peers, sharing referrals, consulting on changes in the law and building comradery among attorneys may be the most important aspect of working in a shared office environment for attorneys. Whether your case load has you in court all day or you are building your book of business, the best place to find fulfillment in your work is among other attorneys. Relationships blossom around the water cooler and popping into a neighbor’s office down the hall. When you require additional resources your shared office provider should offer an online community of attorneys with something in common as a resource for you to take advantage of.

Top-Notch Staff

Time and time again, our attorney clients are singing the praises of Amata Law Office Suites’ expert staff. Our professional reception, our on-hand paralegals, legal assistants, and our office managers go above and beyond to set the tone for our office services at Amata Law Office Suites. We take great pride in carefully selecting our team members, creating an enjoyable working environment, and compensating them well to reduce turnover and disruption for our members. Our efforts to create a superb team at each of our law office suites shows by the high remarks we consistently receive from our clients and visiting patrons at our locations.

Atmosphere Unlike Any Other

Amata Law Office Suites set out to create coworking space in Chicago that rivals that of a large law firm, offering all the perks of having the collaborative legal environment at a fraction of the cost. Our office suites are designed for the quiet, focused atmosphere that is required for any practicing attorney while also including shared spaces perfect for networking and taking advantage of co-counsel opportunities or the chance to pick another lawyer’s brain rather than spending countless hours researching to find what you need.

In today’s competitive environment it is important to not only get business in the door, but to get the right business. Having the luxury to choose the deals you accept and passing on those that either don’t fit into what you want to do or don’t pay enough is an important aspect to enjoying the practice of law. At Amata Law Office Suites, we understand this and have created a culture and community to help attorneys reach their goals.

Amata Law Office Suites is more than office space, it’s a community of attorneys with a thriving culture and the services required make the practice of law profitable and enjoyable.

With multiple locations, you can easily find the professional office space in Chicago that you need.

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Telecommute and Open Up Your Options As a Working Attorney

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Telecommute and Open Up Your Options As a Working Attorney

Updated: 2/27/18

“I am breaking away from my big law firm to practice law my own way. But a permanent office is not in my budget.”

“As a solo practicing attorney, I only want to commute to the city when necessary.”

“My family is important and I need to spend more time at home without giving up my practice or taking time off.”

Do any of these sound familiar to you?

Amata Law Offices can provide the solutions you need.

Yes, this is blatant self-promotion for Amata Law Office Suites, but only because we have over two decades of experience working for our attorney clients who in turn have helped us shape our company to better support them.

Providing Chicago Attorneys with Options

Self-promotion aside, I want to start this article by pointing out that the most important aspect of our centers is actually a concept built directly into the structure of all shared office space, ours and our competitor’s alike, and that’s the ability to give attorneys options.

So many options, in fact, that we need to narrow down the conversation just to explain how flexible a shared office space truly is.

Flexibility of Telecommuting

Let’s start where most small practices do and talk, not about renting space, but about telecommuting.

When you break telecommuting down, you have two immediate pros: The days you don’t commute to the office will save you time and money, and when you do commute you have options.

Pros of Telecommuting for Attorneys

Like all choices you make for your business, telecommuting has its pros and cons, but the biggest pro is the amount of choices it provides to burgeoning and established practices alike.

Access to Multiple Locations

Through all of our programs, for instance, our clients have access to every Amata center to work, receptionist services, and to meet with clients and partners, no matter which center they decide is their firm’s mailing address.

Convenience When You Commute

If you are coming into the city solely for a deposition, book a conference room at our 150 South Wacker office, a mere twenty feet from Union Station.

Spending the morning at court but need a small room to meet with a client in the afternoon? We have two locations a block from the Daley Center.

And when the kids have a day off school all of Amata’s offices can provide you a quiet cafe or solitary day office to work in.

Eliminating the Cons of Telecommuting for Attorneys

On the con side, bouncing ideas off fellow attorneys is part of the fun of a law firm practice, and if you are leaving a bigger firm to start your own you may find you miss that daily interaction.

A Large Group of Attorneys To Interact With

For the tenants at our 180 North LaSalle office one of the highlights is ending the day catching up with attorneys over a glass of wine in the Cognac room; brilliant attorney and masterful storyteller, Paul Goodman, makes me laugh every time we grab a drink. Not all clients are able to join in such impromptu weekly rituals and for telecommuting clients this is especially so.

Exclusive Attorney Networking Events

To combat this, we work to create opportunities for all our lawyers to have the community experience by organizing dozens of events throughout the year, from casual attorney socials after work to grander scale river cruises, and we have even gone so far as to build an online community that allows attorneys to network no matter where they choose to be. Whether they prefer working at home in the Chicago suburbs, or even at home in a completely different state.

Telecommuting Options for Locals and Non-Locals Alike

Yes, you read that correctly. Telecommuting is not just an option for new or small law firms. When you have put your years in and finally decide to pursue that isolated cabin in the woods, telecommuting allows you to continue doing the work you love.

A few years ago, one of my best friends moved just outside Chattanooga, Tennessee, yet he still maintains his successful law practice in Chicago, which boasts three attorneys and two support staff. He choose to commute 2-3 days each week and spend the rest of the days working at home in Tennessee.

He retained the physical space he needed for its Chicago employees, as well as the shared office space’s built-in manager who deals with all the nitty gritty: the phone system, the copier, office supplies and shredder and any issues that may come up with them all.

But now when the receptionist processes his calls, his clients are transferred to his cellphone even while his coworkers still maintain their physical phones, and we forward and scan his mail wherever he needs, at his request.

Make Telecommuting Work For You

Telecommuting is just one, small example of how Amata Law Office Suites can work for you and your firm. Speaking from many years of experience as a shared office space provider, I can offer a few tips:

As you begin your search you will find that people and writers like to argue about the layout of shared office space — open vs. closed.

As Jacob Morgan points out in his article Five Things You Need To Know About Telecommuting, the debates are absolutely pointless. I will reiterate the fact I opened this article up with: all shared office spaces are built to provide options, it’s implicit in its design.

What you really need to pay attention to when searching for your perfect space are the details.

Does the office atmosphere boost your company image when clients come to visit?

What if your firm were to grow so big taking traditional space was more affordable; would you be able to take your established phone number with you when you leave?

These are questions you must ask before signing any contract.

But if you are just starting out, and haven’t even thought about the details of a contract yet, I have one simple tip: pay attention to who the shared office space chooses as their partners.

If they aren’t partnering with business that are meant to help you and your firm grow, then maybe you should keep looking.

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Ron Bockstahler is the CEO of Amata Holdings, LLC and managing broker for Amata Realty Group. His companies have served the legal community for over 30 years and Ron regularly consults with attorneys on business development and space needs. You can contact Ron at [email protected] or call him at (312) 924-0204.

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The Need for a Virtual Office

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We Are A Full-Service Support Solution For Professionals

Chicago_Virtual_Office_Defined

With today’s rapidly evolving technology, it is increasingly common for businesses to embrace the virtual or work life. Virtual office users range from early stage start-ups looking to grow their presence without overextending their budgets, to established businesses that are gradually expanding. No matter your type of company, a virtual office can provide you with the amenities of a complete office and set you up for a success.

Benefits Of A Virtual Office

Leasing and maintaining an independent office for your business can become costly, depending on the stage of your business and its growth plan. Why strain yourself or your budget when a virtual office reduces overhead cost, increases flexibility for meeting and staffing needs, and provides access to class-A building services when needed. Here are a few benefits a virtual office can provide:

  • Virtual Phone Answering Service: A personalized call answering program promotes work productivity. This cost-effective program allows you to prioritize workflow while never missing an important business or client call. Amata provides a personalized call answering service for your business with an after-hours auto attendant and a designated number for call forwarding.
  • Phone Automation: Automation is an interactive voice response system that interacts with callers. It allows businesses to respond to customers promptly and in an organized manner. Once the appropriate information is given to the customer, a member from your team may reach out in a more personal response. This is a great service for small businesses when competing against larger businesses to create a personalized customer experience.
  • Virtual Access: Virtual access gives your business the opportunity to grow with access to a shared office space, coworking rooms, common areas, cafés, and conference rooms during standard office hours. Amata offers a virtual access package, which is perfect for people who work remotely, such as frequent business travelers andthose with a home-based office who require the professional appearance of a formal office.
  • Prestigious Business Address: A prestigious business address projects a professional image to your clients while you work from home. This is a great option for those whose business is not yet ready to rent an actual office space. Amata gives you the option to choose from one of six prestigious business addresses to impress your clients on paper. As an added bonus, mailing addresses also allow you access to common areas, cafés, and coworking rooms.
  • Conference Rooms: A virtual office gives you discounted access to conference rooms where you can conduct meetings or conference calls. Give your business a professional appearance and some of downtown Chicago’s best views when you have meetings with potential business partners or clients. Amata provides multiple conference rooms in every center. Book your room here.

Work Smarter Not Harder

As large corporations transition employees to remote work positions, the playing field is leveled a bit more for small market businesses and entrepreneurs. Now, both employees of large and small companies can enjoy greater work-life balance through the convenience of a virtual office. Reduce time and money wasted on daily commute. If your business is looking to conserve budget or gain an additional location without entering into a lease, a virtual office space is right for you.

See if a virtual office is right for your business. Contact Amata for information about the virtual office plan.

As your business weighs the importance of the image it projects through its office presentation and location, make sure you take charge of its online reputation. Continue read this helpful article for more insight: Take Control Of Your Online Reputation.

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How To Know When You’ve Outgrown Your Home Office

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How To Know When You’ve Outgrown Your Home Office

Does your kitchen table double as your desk? If you’re having a hard time separating your personal life from your professional life, it could be time to find a new space for your home-based business. While home offices are often a good fit for startups, allowing entrepreneurs to save on rent and other expenses, they present challenges once a company starts to bring on employees and land its first clients, according to this recent article from Mashable.

With everything from barking dogs to crying babies, home offices can be full of distractions, making it difficult for small, start-up businesses to maintain a professional image. A living room isn’t the same as a conference room, and a bedroom isn’t the same as a private office. Home offices also lack the professional exposure of a commercial office with street traffic and, due to their isolated nature, don’t facilitate collaboration with other entrepreneurs. Additionally, heavy foot traffic from employees can be a red flag to homeowners associations and possibly affect your homeowners or renters insurance, creating unnecessary headaches at a time when you’re trying to grow your company, according to the article.

If you aren’t ready to commit to traditional office space, shared office providers like Amata Office Centers are a great, affordable alternative. In addition to offering you private, professional office space, our facilities feature a variety of common areas like state-of-the-art conference rooms and on-site cafés that are ideal for face-to-face meetings with clients, who may be uncomfortable talking about business deals in your family’s dining room. Another less visible perk of shared office suites is the built-in professional network that comes with each center, making it easy for entrepreneurs to work together to solve common problems.

But a shared office suite isn’t the only way to boost your professional image. For those who want to take a smaller step, a virtual office could be a good starting point. Our virtual office solutions provide professional mail and phone answering services that serve as an extension of your brand, allowing you to have a downtown address while continuing to work from home. You can also rent conference space on an as-needed basis. If you ever decide to move to one of Amata’s Chicago office centers, your company address and phone number will stay the same, making the transition from home to office seamless for you and your clients.

Are you a home-based entrepreneur looking for shared office space in Chicago? Head over to our website to find the plan that’s right for your company. And be sure to follow us on Twitter, Facebook andLinkedIn for updates about Amata and additional tips for growing your business.

Until next time,

Ron Bockstahler,

CEO & Co-founder

Image By: Tammy Strobel

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Your Own Office vs. Shared Space: Which is Right for your Company?

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Your Own Office vs. Shared Space: Which is Right for your Company?

There will come a time for most business owners when finding a new office space will become a priority. Whether you’re running a start-up and require your very first premises, or your business has expanded beyond the boundaries of your current location, you will probably come across the following question; should you lease your own office, or share space (and costs) with another business?

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5 Reasons Coworking Spaces Make Sense for Freelancers

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5 Reasons Coworking Spaces Make Sense for Freelancers

Demand for freelancers continued to climb in 2014 as employers sought to streamline operations and reduce overhead, and if the latest numbers are any indication, the trend shows no sign of slowing in the months and years ahead.

In fact, it’s estimated that freelancers, defined as “individuals who have engaged in supplemental, temporary, or project- or contract-based work in the past 12 months,” currently account for 34 percent of the U.S. workforce, contributing more than $700 billion to the nation’s economy each year. While experts have varying opinions on how quickly the freelance economy will grow – some predict independent workers will make up as much as 50 percent of the workforce by 2020 – the general consensus is that the “full-time job with benefits” is falling out of favor with workers who increasingly prefer the flexibility of the project-to-project lifestyle.

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