MoreLaw set for Minneapolis expansion
Rental office centre MoreLaw plans to convert a further 17 executive suites for Minneapolis based law firms.
The firm – specialising in the provision of offices for attorneys – has seen its original capacity of five executive suites filled long before predicted, with demand sufficient enough to warrant a threefold expansion.
The move correlates with market data from Search Office Space UK, who have seen a marked surge in requests for specialist business centres, most notably amongst the legal, creative media and fashion industries.
Manager of 701 Executive Suites Katrina Pitts says she has seen the number of start-up and entrepreneurial firms increase in recent years, with 52% of her tenants now qualified attorneys.
She said: “Executive Suites, or other shared office facilities, give the ability to have an office in a Class A facility with all the necessary office functions without overheads like: a receptionist, support staff, lobby, break room, copiers, phones and Internet,”
Resident Tim Connelly had been a partner in a Twin Cities law firm before setting out on his own, and having sifted through a number of locations, decided the friendly ambience and flexibility of serviced space would enable him to make his start a success.
He said: “I meet with my larger clients at their place and I travel a lot. I needed the flexibility, but didn’t need a full blown office. I’m not around enough to use it all.”
MoreLaw owner and resident attorney Kimberly Hanlon attributes the increased demand to a combination of economics, atmosphere and networking opportunities, saying: “What we provide is economical. If something breaks here, you don’t have to pay for it and the more of that you don’t have to worry about, the more you can concentrate on being an attorney.”