According to the Law.com there will again be profitable work in real estate transactions and litigation. The publication today reported on a recent panel discussion at an ABA symposium on Real Property, Trust and Estate Law that occurred last week in Philadelphia.
Albeit that the real-estate business in the last two years has taken a turn for the worst, the business of real-estate related law has not, according to the post. Firms have been actively restructuring their practices to deal with the recent fall out in the real estate market.
The post focuses particularly on firms in Pennsylvania, one of the markets hit hardest by the real-estate bubble bust. Although the firms highlighted in the post, which include Ballard Spahr, Morgan Lewis & Bockius, and K&L Gates, showed a decline of nearly $30 million in revenue in the years 2008 and 2009 in their real-estate related practices, the post also emphasized that these firms, among others in both Pennsylvania and the nation, are on the cusp of launching initiatives to tackle the new real-estate market landscape.
Posted by joshua
on May 11, 2010. Filed under Law Firm News,Legal News.
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