When the economy started turning for the worse as far back as the end of 2007 and into 2008, the typical local adage was that the Philadelphia legal community was more insulated from market fluctuations than some of its counterparts in other states.
It would be tough to stick by that mantra in light of this week’s events, most of which have painted a grim portrait of the local market. The latest news comes from Dechert.
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