National Lease Advisors recently partnered with a prominent AM Law 100 law firm, ranked among the largest in the world, to transition its lease administration services from a global full-service real estate company.
The law firm had a well-established brokerage relationship with the global firm. However, they were not fully satisfied with the lease administration services provided. Recognizing the need for more tailored and comprehensive support, the firm sought out NLA’s expertise to optimize their lease portfolio management, while maintaining their current brokerage relationship.
Smooth Transition and Flexibility: NLA understood the importance of a smooth transition and worked closely with the law firm to ensure minimal operational downtime. Recognizing the client’s specific needs, NLA provided a flexible transition schedule, seamlessly integrating their lease administration services while accommodating the firm’s operational requirements. This flexibility allowed the law firm to focus on its core activities without disruption.
Evaluation and Software Selection: During the transition, NLA assisted the law firm in evaluating and selecting a lease administration software that best aligned with their unique requirements. Through a collaborative process, NLA leveraged its expertise to guide the firm in identifying a software solution that would enhance their lease administration capabilities and streamline their processes.
Concise Monthly Reporting and Critical Date Management: One key aspect that resonated with the law firm was NLA’s concise monthly reporting. NLA ensured that the law firm remained well-informed of their lease obligations and upcoming critical dates through a comprehensive monthly report package. This streamlined reporting system empowered the firm to stay ahead of their real estate obligations and make informed decisions.
Effective Communication and Quick Response Time: NLA’s commitment to open and transparent communication was highly appreciated by the law firm. The dedicated team at NLA maintained consistent and prompt communication throughout the partnership. The law firm valued NLA’s quick response time and their willingness to address any concerns promptly, ensuring a smooth and efficient lease administration process.
Results and Benefits: By partnering with NLA, the AM Law 100 law firm experienced significant improvements in their lease administration processes. The tailored approach, flexibility, concise reporting, and effective communication provided by NLA resulted in enhanced efficiency, improved accuracy, and better cost control for the law firm’s international lease portfolio. The transition to NLA’s specialized lease administration services allowed the firm to receive high-quality lease administration while maintaining their current brokerage relationships.