Tuesday, May 4, 2010

Pittsburgh: A good place to live and to lawyer


Forbes Magazine has once again named Pittsburgh its "Most Livable City" in its annual report that looks at cost of living, unemployment rate, income growth and crime rates, among other factors.

"Indeed, Pittsburgh's art scene, job prospects, safety and affordability make it the most livable city in the country, according to measures studied," according to the magazine.

The magazine cites Pittsburgh's "strong university presence" as a major factor in its ranking, as well as its income growth potential and low cost of living.

Pittsburgh ranked No. 10 on Forbes' 2009 Most Livable list. The magazine has been a big fan of the Steel City in recent years, naming Pittsburgh the Best Housing Market in February, and calling Pittsburgh one of its "Best Bang" metros in December 2009.

Pittsburgh's ratings:

Low Unemployment Rank: 73
Low Crime Rank: 15
Income Growth Rank: 20
Low Cost of Living Rank: 52
Arts & Leisure Rank: 26

One segment of Pittsburgh’s population that must  find the city “most profitable” as well as “most livable” is its attorneys.

K&L Gates LLP, Pittsburgh’s largest law firm, ranked 12th among The American Lawyer’s annual list of K&L Gates building in Pittsburgh skylinethe nation’s 100 largest firms as ranked by gross revenue.

K&L Gates, which had been 19th the previous year, had 2009 revenue of $1.03 billion, up 7.8 percent from 2008. It was the biggest percentage increase among the top 20 firms.

Reed Smith LLP, also based in Downtown Pittsburgh, ranked 17th. Reed Smith, which had been 16th a year ago, had revenue of $942 million, down 3.8 percent from 2008.

America's Most Livable Cities
Forbes once again names Pittsburgh 'Most Livable City'
Pittsburgh-based K&L Gates jumps to 12th on AmLaw 100 list

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