Thursday, June 27, 2013

Largest Philly-area law firms continued to grow in 2012

Are Philadelphia-area law firms recession proof?

A good lawyer could make that argument. Most of the biggest firms added lawyers in 2012.

The Philadelphia Business Journal reported yesterday that:
At the 18 Delaware Valley-based firms included among the National Law Journal’s annual list of country’s 350 largest law firms, there was a 1.76 percent growth in head count in 2012 from 2011.
In addition, 11 of the 18 firms saw headcount increases and only one firm,
Post & Schell, experienced a significant drop off (-12.5 percent). 
Rawle & Henderson was the only other with more than a 2 percent decline.
                                           Tom Kuzmick, chairman of Rawle & Henderson

But the growth, overall, was moderate. Only four firms had more than a
3 percent increase in headcount.
Dechert, Philadelphia's second largest firm and its most profitable, experienced the largest growth at 7.5 percent after a few years of declining numbers during the recession due to layoffs as the firm’s high-end corporate and litigation practices slowed down.
You'll find the full article here and view a photo gallery of the top 18 law firms.

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