Atlanta Law Firm Gets Sued By Landlord For Back Rent – Share Law Office Space Instead

Resurgens staircase.jpgA major Atlanta law firm, Epstein Becker & Green has been sued by its landlord for unpaid rent for its Atlanta/Buckhead law office. While the law firm and the landlord were engaged in negotiations regarding failure to pay for legal space under the lease agreement, the law firm has been sued for failure to pay rental payments in the amount of $855,000 in back rent. Ken Menendez, the Atlanta local managing shareholder, was surprised by the filing of the lawsuit and stated, “… notwithstanding the lawsuit, we expect to work out a deal to restructure our lease.”
Epstein Becker is not the only larger law firm which has contracted during the recent recession. Other Atlanta law firms have also downsized. Epstein Becker has allowed one and one half floors of “dark space” in Resurgens Plaza, a well-known Atlanta Buckhead commercial building near Lenox Mall. Atlanta’s commercial real estate landscape has left a lot of law firms with vacant space. As a result of tenants having too much empty space, even when attempting to renegotiate with landlords, law firms risk getting sued for back rent. A sublet is an option for tenants with excessive vacant law space. Extra law office space may be subleased to lawyers seeking a turn-key law office situated in a prestigious commercial building. Smaller law firms in Atlanta are engaging in this space sharing and benefit from reduced costs.
LawSpaceMatch.com provides a simple avenue for lawyers and law firms with empty law space to sublease to lawyers in transition and seeking to sublease from lawyers. Law firms may post their empty law space on LawSpaceMatch.com for free. Lawyers seeking to share space may search by zip code or by custom criteria based on areas of practice, and other amenities such as receptionists, shared secretaries, covered parking, and rental rates for the sublease.
Perhaps during its negotiations with the landlord at Resurgens Plaza, Epstein Becker could have considered utilizing a free service and obtained a sublease, even for a short period of time, allowing a sublease for lawyers desiring the creation of a law practice within its prestigious law space within Resurgens Plaza.
Notes: Fulton Daily Report – Friday, July 1, 2011
See Also: The Need For Law Space Match, Landlords Make Room for New Tenants, Provide Relief for Existing Tenants, Atlanta’s Largest Law Firm Comes Out on Top with Strategic Cost Cutting