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Law Firm Incubator Suites Posted: September 26th, 2007 By: Zach Heller Category: Law Firms, Lawyer Profiles, SHOWCASE CORNER, Videos
In the world of Manhattan attorneys, being a solo practitioner or small practice lawyer is becoming more and more difficult. One of the main reasons is that office space is so expensive, yet so important. Rental prices in Manhattan range from pricey to extremely pricey, and you pay for what you get. A lawyer looking to save money gets a place that he is afraid to show clients. A lawyer who needs a nice office to meet with clients ends up breaking the bank to stay there. It seems to be a lose-lose situation. Not to mention, the amount of time needed to grow a practice takes too much away from important “client time”.
Along comes Stephen Furnari, a lawyer with a new concept to solve this very problem, as well as adding new opportunities for attorneys. The name of the company that he is working on is the Law Firm Incubator (LFIS). For small firm and solo practitioners, this is a great way to grow your business in a new way, without spending a fortune. The idea is a shared office suite in a great area that is very presentable. At the same time, Mr. Furnari wants to set up a collaborative atmosphere that allows the attorneys to share resources. This allows attorneys working on a small budget to have access to new marketing materials and networking groups that help grow their business.
When we heard about this idea, we asked Stephen to come in for a short interview. He explains that by combining the right types of lawyers in a collaborative office environment, there are a tremendous amount of opportunities for everyone involved. All in all, this will help those lawyers who are too busy working “in” their business learn to work “on” their business. Such things as cooperative case work, client referrals, shared access to marketing materials, and special office events will allow each of the attorneys to receive the same opportunities they might get in a larger firm setting. Who knows, one day they might share their New York CLE resources as well.
Below is a short clip of an interview with Stephen Furnari in which he explains what the Law Firm Incubator is all about. For more information on the project, you can check out Mr. Furnari’s website at www.lawfirmincubator.com.
