Legal News

2012 Not the Best Year for Pennsylvania Law
Download PDF

The Legal’s 17th annual Managing Partners Survey for PaLaw is out and reveals that 2012 was a harder year for Pennsylvania than 2011. According to the Legal Intellgencer, part of the ALM network, we see that across the board, the stats paint a gloomy outlook for 2012, dashing the 2011’s optimism that 2012 would be a better year.

Some highlights of the survey include

* In 2011, 9.7 percent of survey respondents claimed to grow by more than 10 percent over the previous year, while in 2012 only 3.1 percent claimed the same.

  
What
Where


* No firms had shrunk more than 10 percent in 2011 but 6.3 percent had in 2012.

* Though 16.1 percent of 2011 firms anticipating growing more than 10 percent, 9.4 actually did

* In 2011, 6.5 percent of firms planned layoffs, but in 2011 18.8 percent respondents plan layoffs; indeed, in 2011, 12.9 percent actually did lay off staff, whereas in 2012 it was 21.9 percent.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




* Contract work is up from 38.7 percent in 2011 to 47 percent in 2012.

When the firms were asked what they had done in the last year to stay profitable, their tactics included increasing rates, focusing on higher-demand areas, and reducing their number of equity partners. But in fact, only 65.4 percent of firms raised their rates, compared to 73.9 percent in 2011.



With 2012 defying 2011’s hopeful optimism, we are wondering what to expect for 2013.



 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Defense Attorney with 3-4 years of litigation experience

USA-CA-San Francisco

San Francisco office of our client seeks defense attorney with 3-4 years of solid litigation experie...

Apply Now

Litigation Attorney with 4+ years of experience

USA-MD-Baltimore

Baltimore office of our client seeks litigation attorney with 4+ years of experience. The candidate ...

Apply Now

Attorney with 2+ years of experience in civil litigation

USA-CA-Sacramento

Sacramento office of our client seeks attorney with 2+ years of experience in civil litigation. The ...

Apply Now

Labor and Employment Attorney with 3-4 years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks labor and employment attorney with 3-4 years of litigation ex...

Apply Now

RELEVANT JOBS

Attorney

USA-NM-Corrales

Part and Full Time Attorneys, licensed and in good standing in NM. Minimum of 3-5 years of experienc...

Apply now

Medical Malpractice Paralegal

USA-NY-New York City

Looking for an experienced medical malpractice paralegal to join our team. Will be working on wel...

Apply now

Medical Malpractice Attorney

USA-NY-New York City

Looking for an experienced medical malpractice attorney to join our team. Will be working on well...

Apply now

Legal Assistant / Secretary

USA-IN-Terre Haute

Legal Assistant / Secretary needed for bankruptcy law firm. Duties include answering telephones, sch...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top