Throughout the month of June we have seen an increased demand for office space, but more specifically, the demand for flexible office space has been a top priority. Clients are placing a high priority on office flexibility and cost controls in their office selection.
How do you select the best virtual office program? There has been a big increase in the demand for virtual office programs recently. With the increased demand many new players, looking to make a quick buck, have entered the playing field. Some are marketing companies, with no direct responsibility for the services you are receiving.
One of the biggest issues facing lawyers today is the accrual of billable hours. During the early days of 2020, lawyers were forced to work remotely and reconfigure their entire practice. This led to a decline in billable hours across the board, with legal practitioners struggling to make ends meet. One study suggests that most law firms were only able to net an average of 2.5 billable hours each day. Virtual legal assistants are increasingly employed to resolve these issues.
At some point, small and solo law firms will have to deal with hiring or managing a team outside of themselves. While managing staff as a solo attorney presents a unique set of challenges, it is ultimately a sign of success: your business has grown and is thriving. However, time is of the essence: it takes work to build out your team, and you may be banking on time you can’t afford to spend on recruitment, training, and management.
The most productive law firm is one in which lawyers are spending the maximum amount of time practicing law, and minimizing the amount of time performing ancillary tasks that, while important, do not result in billable time. Regardless of a lawyer’s expertise or successes in the courtroom, the main financial commitment of a lawyer depends on spending time with casework.