Lawyers. How to optimize the business of lawyers?

[FRYomg]

I opened a legal business in Midtown:
285 square feet of space
26 foot traffic index
10 capacity per hour
Cheap, medium, large advertising companies
10 employees per shift
Schedule 9am-6pm, five days a week (experimenting with the optimal based on analytics visits, like after 5 pm nobody comes anymore, in the future I will correct.
Rate per hour tried from 250 to 1400, but settled on 700 for now
Cleaning, design 100%.
Service 49%
I end up with 1-2 clients per hour and no more than 30 per day
Losses 5-6 thousand a day.

What to do to improve?

What is the point of such a business if the gift store in Hell's Kitchen brings me 40-50 thousand a day

[Phoenix]

Having lawyers with 100% training really helps and lets you set much higher prices. I currently have a 50 lawyer office in Midtown charging $1,599 / hr and selling like hotcakes. The current average income is $393k / day.

I also have marketing at 100% which is helping as well.

[jmucchiello]

What are the lawyers' skill levels? I think that contributes as well.

[Phoenix]

Also another thing to keep in mind - look at how many other lawyers are currently in Midtown. The less there are the more money you can make because demand will be higher. If there are a bunch of other lawyer businesses you can save up and buy them out to eliminate the competition.

[Zoid]

Step 1: Don't care, I have a clothing shop making +30k a day
Step 2: Don't care, I have a second clothing shop making +20k a day

[Jay Zerosix]

Today with the Garment District, I bought out all the other offices and shut them down. Demand rose by 30 percent overnight

[FRYomg]

Originally posted by Phoenix:

Having lawyers with 100% training really helps and lets you set much higher prices. I currently have a 50 lawyer office in Midtown charging $1,599 / hr and selling like hotcakes. The current average income is $393k / day.

I also have marketing at 100% which is helping as well.

I will take all my lawyers off the job and put them in training to 100%, then bring them back and report the results.

[Llogeyr]

If you have an HR person, they will train them while they work. Will just be slower from my understanding. Not sure how much slower though. But being that you are losing money guess it really doesnt matter at this juncture.

[Zoid]

Originally posted by Llogeyr:

If you have an HR person, they will train them while they work. Will just be slower from my understanding. Not sure how much slower though. But being that you are losing money guess it really doesnt matter at this juncture.

2% per day iirc, so reeeeaaaly slow

[nox666]

Had the same issue....All requires at 100%,I tried only 1 shift/employee per desk (8 hrs shift,24 hrs opening).

Now It's way better,I'm earning money.Hope that helps.

[Buzz]

R

[FRYomg]

Originally posted by Phoenix:

Having lawyers with 100% training really helps and lets you set much higher prices. I currently have a 50 lawyer office in Midtown charging $1,599 / hr and selling like hotcakes. The current average income is $393k / day.

I also have marketing at 100% which is helping as well.

I trained all the lawyers to 100% and the income went from -5000 to +35000 a day

With 100% expert lawyers I was able to set my rate at $1400 per hour, along with marketing, design and cleanliness at 100% it worked.

Thanks for the great guidance <3

[Kyle]

It seems no one has said this yet, but there are some other ways.

A 10 capacity office business will basically never have 10 customers per hour, so there is no need to hire 10 lawyers. I'm sure some of them might be sitting there and wasting away.

The highest I've seen in a 24/7 law firm is 3 per hour, this was in a 75 capacity building, meaning that at the lowest hours there only needed to be 3 employees working.

You can check this by looking at the graph in the bottom right of the 'Insight' tab and pressing the 'yesterday' button on it. Lawfirms get slightly more customers on saturday/sunday, so beware!

I've only opened up 10 lawyer offices in Hell's Kitchen and garment district, I'm not sure if Midtown has better customer flow or how much difficulty affects it, but there is a lot of room to manipulate lawyer shifts so that you don't have a lot of employees wasting money.

At one point on hard mode, I had a 60k net average daily 5 person law firm, with a 6th person working on the weekends.

I think I have a 20-30k net average one right now in garment but I haven't checked it lately because garment is terrible for this and I just left it alone after setting it up. I can only get three customers per hour here and only during 11 hour shifts, which sucks, but it works.

Some store types are quality over quantity, or price over quantity, one of the members on the discord called it a 'Fill rate', assuming you have no competitors in the district and 100% indexes, a jewelry fill rate is apparently like 35% of capacity.

Other stores, like fast food, are quantity-based, meaning it's easier to have a full 30 people in there making lots of small purchases.

[FRYomg]

Originally posted by Kyle:

It seems no one has said this yet, but there are some other ways.

A 10 capacity office business will basically never have 10 customers per hour, so there is no need to hire 10 lawyers. I'm sure some of them might be sitting there and wasting away.

The highest I've seen in a 24/7 law firm is 3 per hour, this was in a 75 capacity building, meaning that at the lowest hours there only needed to be 3 employees working.

You can check this by looking at the graph in the bottom right of the 'Insight' tab and pressing the 'yesterday' button on it. Lawfirms get slightly more customers on saturday/sunday, so beware!

I've only opened up 10 lawyer offices in Hell's Kitchen and garment district, I'm not sure if Midtown has better customer flow or how much difficulty affects it, but there is a lot of room to manipulate lawyer shifts so that you don't have a lot of employees wasting money.

At one point on hard mode, I had a 60k net average daily 5 person law firm, with a 6th person working on the weekends.

I think I have a 20-30k net average one right now in garment but I haven't checked it lately because garment is terrible for this and I just left it alone after setting it up. I can only get three customers per hour here and only during 11 hour shifts, which sucks, but it works.

Some store types are quality over quantity, or price over quantity, one of the members on the discord called it a 'Fill rate', assuming you have no competitors in the district and 100% indexes, a jewelry fill rate is apparently like 35% of capacity.

Other stores, like fast food, are quantity-based, meaning it's easier to have a full 30 people in there making lots of small purchases.

I agree with you, it seems logical to me, and in fact my experience shows too. I just like to fill in all the 10/10, 30/30 etc. on item usage or customer visits to the business.

I will try to split the 14 lawyers into 2-4 locations in areas where there is less competition. Right now there are 13 law firms in midtown where I work, I'll try to get a set up in areas with 3-5 competitors and report back with the results.

Thank you!

[Domestic Life]

Originally posted by Phoenix:

Having lawyers with 100% training really helps and lets you set much higher prices. I currently have a 50 lawyer office in Midtown charging $1,599 / hr and selling like hotcakes. The current average income is $393k / day.

I also have marketing at 100% which is helping as well.

Does this mean price satisfaction has little effect? All my lawyers are fully trained, but once I charge over $800/hr it drops rapidly. Also, are you scheduling your office 24/7?

Edit: So I tried setting my prices to $1,599/hr and my revenue instantly dropped 80% and never recovered from $800/hr. All my lawyers are fully trained.

[Kyle]

Originally posted by Domestic Life:

Originally posted by Phoenix:

Having lawyers with 100% training really helps and lets you set much higher prices. I currently have a 50 lawyer office in Midtown charging $1,599 / hr and selling like hotcakes. The current average income is $393k / day.

I also have marketing at 100% which is helping as well.

Does this mean price satisfaction has little effect? All my lawyers are fully trained, but once I charge over $800/hr it drops rapidly. Also, are you scheduling your office 24/7?

Edit: So I tried setting my prices to $1,599/hr and my revenue instantly dropped 80% and never recovered from $800/hr. All my lawyers are fully trained.

no
price depends on district and customer satisfaction, you can charge like 80% more in midtown compared to garment with fully trained lawyers