A fifth of all self-employed people work from home. Solo practitioners make up a good number of that statistic, and it is no wonder; with the benefits of working from home like time freedom, work-life balance, and child supervision, who wants to be chained to a desk at the office? Not as commonly considered, though, are the economic and time savings associated with working from home. The statistics may surprise you.
In the Minneapolis/St. Paul metro area, the average commuter will save 9.6 days per year by working from home. That time off the road also saves that individual anywhere from $2,340 to $7,405 in gas, oil, and such. Communities save, too, on road maintenance and first responder expenses for traffic related accidents – on average $840 per person. Solo practitioners working from home save on average $9,666 on the expense of office rent and utilities. That’s the equivalent of two weeks vacation and $12k+ in your pocket – in addition to the other benefits of working from home.
For an attorney feeling the squeeze from the current legal market, that savings could be the difference between the lifestyle they have grown accustomed to and something less palatable.
Naturally, there are challenges to working from home, but they are certainly not insurmountable. Thinking about working from home? Here is my post on The Solution to the 4 Biggest Challenges for Attorneys Working from Home. Here’s a hint – it’s all about the virtual office.
by Kimberly Hanlon
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