Law is a profession that is most successfully practiced in collaboration with other lawyers. The ability to brainstorm and get advice about legal issues or practice strategies is essential to the successful practice of law. Collaboration with other lawyers:
Reduces Malpractice Risk.
By accessing the legal expertise of other lawyers in the shared office facility, attorneys can quickly advise clients on areas where they may not be as comfortable without exposing themselves to additional malpractice liability.
Increases scope of cases that a lawyer can handle thus increasing profits.
By co-counseling on cases with other lawyers in different practice areas, lawyers can retain a larger portion of their leads, increasing profits.
Helps you lose fewer clients to other firms.
On client matters that are outside a lawyer’s practice area, they can refer to or co-counsel with an ESQ.suitemate. Through proximity of office location, the referring lawyer will keep better control over existing clients (minimizing the risk that the referring lawyer loses the client to another firm), and there is social pressure for the lawyer receiving the referral to do a good job.
Like playing a game with someone more accomplished at it than you, you strive to compete beyond your current skills. Practicing in an office suite with other lawyers has this same effect.
Peer Modeling Leads to Success.
When it comes to shared law office space, the whole is greater than the sum of the parts. Hang around other successful people and you will start to mimic what they do to be successful. In a shared office environment you will accelerate your legal and practice development skills.
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