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.
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.
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