Lauded just a year ago as one of the hottest legal markets in the country, Phoenix has quickly cooled into an economic downturn, leaving many law firms that muscled up during the boom with some time on their hands.
Rapid population growth, a buoyant hospitality market and explosive commercial and residential development sent many law firms to Phoenix from 2004 to 2007. At the same time, law firms already entrenched in the area added associates and partners to take advantage of the good times.
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