Why the COVID-19 Pandemic Has Small Law Firms Rethinking Real Estate Contracts

Why the COVID-19 Pandemic Has Small Law Firms Rethinking Real Estate Contracts

All over the country, law offices are empty due to the COVID-19 pandemic. Most attorneys have made the switch to working remotely to help stop the spread of the virus. And with the costly expense of paying for office space that isn’t being used, firms are finding creative ways to get the most out of their investments and resources.

Firms able to stay afloat through the first wave of the pandemic are realizing that their real estate costs are no longer justifiable if their staff is working from home or if they have switched to sharing office space with another firm or business.

Industry experts and consultants note that firms of all sizes are making plans for reducing the number of clients and staff that will physically be present in their offices. This requires a substantial transition into new remote roles for paralegals, secretaries, and accounting and billing professionals. All of these moving parts require precise planning, which is why firms throughout the U.S are reaching out for help to minimize office space. The downsizing of real estate footprints for large law firms means that other businesses are going to follow suit. Industry experts predict a total shift in how we work and the capabilities that are most critical to successful operations.

At M. Ross & Associates, LLC, our skilled lawyers are here to help you with the legal complications that may arise with your real estate contracts during the transition period that lies ahead. We know that the next generation of law firms will rely on new remote technologies and focus on unique ways to accommodate health concerns in physical meeting spaces. Our firm has the resources and extensive knowledge of the law you need on your side to prepare your firm for the future. Let the attorneys at M. Ross & Associates, LLC navigate your business through these transitions.

The attorneys at M. Ross & Associates, LLC work diligently, efficiently and economically. We provide quality legal services in a cost-efffective matter. Let our attorneys help lead the way as you transition to the new normal.

To discuss how your small firm can rethink its real estate contacts and office spaces, please give us a call today at (201) 897-4942 to request a consultation.


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