The improved financial outlook and predicted end to staff and lawyer layoffs reported by managing partners across Pennsylvania in 2011 look to have ended as quickly as they appeared.
In The Legal‘s 17th annual Managing Partners Survey conducted in the summer of 2012 for PaLaw magazine, fewer law firm leaders across the state were able to show gains in revenue and profits, and more predicted this year than last that they would be forced to either lay off attorneys or staff or de-equitize partners in the coming year.
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