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A HISTORY OF PAUL FEGEN'S
SUITES |
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On August 1, 1966, Paul Fegen opened his
first law suite for attorneys, investing only
$200 for the furniture. He developed his business
by leasing large blocks of office space (usually
entire floors) and "building out"
the raw space into beautifully decorated professional
suites. He included reception services, telephone
answering, photocopy machine, conference room
and law library. His tenants have primarily
been lawyers, but the fine the amenities of his
suites attract other dignified professionals.
His name has become synonymous with law suites
with most attorneys referring to them as "Fegen
Suites" because they were conceived by
Paul Fegen (but they are also called professional
suites and executive suites). On July 1, 1970,
Mr. Fegen incorporated his law suite business
as Attorneys Office Management, Inc. (AOMI).
Over the years AOMI grew to 220 locations
in 26 states with thousands of tenants and
hundreds of employees, making it the largest
subleasing company in the world. In 1982 there
was a severe depression of the rental market,
leaving space unoccupied all over the country.
Consequently, beautiful new office buildings
in which he had rented space in Houston and
Las Vegas stood virtually empty and went into
foreclosure. Because of the crashing real
estate market, AOMI had difficulty renting
out its space as well, and expenses exceeded
income. So, AOMI reorganized and was sold a few years
later.
After the sale, Mr. Fegen's
contributions were acknowledged when he
was hired by the buyer as Chairman of their
advisory committee and was paid a temporary
licensing fee for the use of his name and
the trademark, "Fegen Suites."
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1. WHAT IS A ‘FEGEN SUITE? |
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| a.
Paul Fegen leases full floors
from office buildings. He has the floors completed
and decorated to his specifications, the offices
leased and the whole suite managed by Fegen
Management. These law suites consist of a
central reception area and a perimeter of
individual offices and secretarial spaces
along with one or more conference rooms, a
kitchen/break room and a law library. b.
Tenants in the law suites sublease (rent)
from Paul Fegen.
c.
Fegen Suites are a unique concept in luxurious
full-floor law suites wherein individual
attorneys or groups of attorneys rent an
office and obtain the facilities and services
of a large law firm included as part of
their fixed monthly rent. The shared overhead
in Fegen Suites allows each tenant to have
low-cost luxury. This includes the services
of a receptionist and telephone operators,
and use of conference room(s), law library,
kitchen, etc. Also available are photocopy,
fax and secretarial services.
d. Fegen
Suites are an efficiency organization. Our
suites are staffed by highly-trained executive
suite managers who greet clients and visitors
and expertly handle daily operations of
the suite. They are complemented by our
carefully selected receptionists who aid
in greeting visitors and answering calls
in a personal and professional manner.
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2. ADVANTAGES |
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| a.
One monthly check. This includes a tenant's
office, reception service, telephone answering
service, and the other services and facilities
described in this section. b.
No capital outlay. A tenant who rents from
Paul Fegen does not need to spend a lot
of money for capital improvements, a library,
or reception and conference room furnishings.
All that is required is a security deposit
equal to one month's rent for each year
of a tenant's lease.
c.
Although our rent with the building may
be increased for taxes and maintenance,
the tenants' rents will not be increased
unexpectedly during the terms of their leases.
d.
Flexibility.
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| i. Month-to-month
and long-term leases are available with
standard leases for one year. A prospective
tenant may obtain a lease for any number
of years desired by depositing a refundable
sum (equivalent to the monthly rent)
for each year desired. ii.
Leases can be terminated
to take a larger office in the same
suite or to move to another law suite
managed by us.
iii. If a partnership
or association has several offices
in one suite, any tenant may give
up all but one of the offices upon
dissolution and not be obligated on
the other offices.
iv. The tenant may
lease other offices in the same suite
to expand his/her practice.
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| e.
Coverage. Because of the services provided
and the way the office is run, tenants often
find that they do not need full-time secretaries.
If they do have secretaries, there is ample
office coverage when their secretaries are
ill or on vacation since clients are greeted
by the receptionists who also answer the telephones
and the secretarial service or other tenants'
secretaries can do word processing.
f.
No headaches of management. The tenants
do not have to worry about paying a lot
of small bills, interviewing, hiring and
training reception staff, ordering books
and supplements and putting them away in
the library, etc. They have all the advantages
of being in a large firm without the headaches
of management.
g.
Assistance. There are other lawyers on the
floor to assist tenants during their vacations
or with calendar conflicts (depositions,
court appearances, etc.). Other attorneys
can handle cases that some tenants are unable
to handle or do not want, and they can share
ideas and experiences with each other.
h.
The floor layouts are designed to be efficient
and effective for the space needs of attorneys
without wasted space as is common in most
law offices. A tenant's office and/or secretarial
space may be specially designed for his/her
particular needs by our experienced personnel.
i.
Prestigious suite. The lovely decor and
large reception area give a favorable first
impression to tenants' clients and visitors.
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3. OFFICE SIZES |
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| Offices of various sizes are
available to suit individual needs. |
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4. TENANTS' RENT INCLUDES: |
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a.
Office.
b.
Receptionist to screen and announce visitors
c. Telephone operators to give individualized
telephone answering service.
| i. All incoming calls are screened by a live operator.”
ii. Friendly transfer to voicemail when a tenant is busy or out of the office.
iii. Each tenant has
his/her own number that may be answered
at the switchboard. Advantages:
(1) The tenant can answer his/her
own phones at night or on weekends
when the switchboard is closed.
(2) The number can be transferred
to a new office if the tenant
moves to another location.
(3) The tenant pays only for his/her
calls and not the calls of any
anyone sharing the office. |
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d.
Law Library - State and Federal.
e.
Conference Room.
f.
Kitchen/break room.
g.
Utilities.
h.
Janitorial Services. |
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5. OTHER SERVICES AVAILABLE: |
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a.
Photocopy services at $.04 per copy.
b.
Fax services at 50¢ per page, incoming
and outgoing.
c.
Secretarial Service. Hourly rate charged with
no minimum required.
d.
Coffee and other vending machines.
e.
Attorney service daily pick-ups.
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6. OTHER CHARGES: |
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| There are no other charges
except the following optional expenses:
a.
Name strip on building directory. A one
time charge of approximately $26 applies
in some buildings.
b. Monthly
parking and validation stamps. Arrangements
are made directly with the parking concession
in the building. Rates vary slightly from
one building to another. |
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7. WHO RENTS IN A FEGEN
SUITE? |
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| Primarily lawyers - general
practitioners and specialists, individuals,
partners and associates who have or want to
establish a private practice, retired judges
who want to reestablish a practice, and other
lawyers who want to move to suites with the
most complete facilities available. Prominent
law firms, bar associations, certified public
accountants and Fortune 500 companies have
also taken advantage of the ease in opening
branch offices in our suites.
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