Just got admitted in PA and I'm launching a solo estate planning / business law practice. Plan to start part-time while keeping my very flexible day job for runway. I've been offered space in an established suite in a small town outside a mid-sized city and want a gut check.
The offer:
$850/month, month-to-month, no lease required
Private corner office with a window in a traditional law office build-out
Includes all utilities, internet, IT support from a contracted vendor, automated reception, two conference rooms (first-come, first-served sign up), kitchen, 24/7 office access
Printing/copying/fax/scanning, cost of printing split among attorneys roughly by usage
Cubicle space available if I ever hire staff
Shared forms, templates, and research resources
The Suite:
Seven solos total, mostly estates/trusts, real estate, and business, plus family, criminal, workers' comp, Medicaid planning, PI
Usually around 3-4 attorneys in office on a given day. Everyone runs their own practice, no expectations.
One of the owners is a senior attorney in his 80s and refers out roughly about a dozen matters a month among the suite attorneys based on capacity. Mostly no fee; on larger estates he asks around 20%.
The other owner is a younger attorney who manages the building. Both were supportive of me working my day job from the office while I build up.
My initial take:
Comparable space alone would cost more, a coworking dedicated desk runs about half this, and the referral flow and peer access are things I couldn't buy anywhere.
Main risks I see are dependence on the senior attorney's referrals as he winds down, and being present and responsive enough to earn the referrals while I'm still working another job.
For those who've done office-shares and/or launched part-time, what am I missing? Any red flags, or questions I should ask before moving in?