Philadelphia’s legal industry has reason to be cautiously optimistic in 2022, based on recently released survey results showing rising demand for legal services, stabilization in billing cycles, and lower travel and event expenses than budgeted in the first three quarters of 2021.
However, according to the Wells Fargo Legal Specialty Group survey, which compares the first nine months of 2021 to the same period, the key indicators for the region have again been markets like New York, with its greater focus on transactional legal work, and Am Law 50 law firms exceeded. in 2020.
Comments are closed.