A new year does not necessarily mean a new beginning for law firm leaders who are anticipating 2013 looking a lot like the ups and many downs of 2012. While Pennsylvania firm leaders have expressed concern about how the nation’s financial picture and a resulting timid client base would affect their top line, they were cautiously optimistic that certain practice areas could be busy in 2013.
But that might not be enough to compensate for rate pressures, which could force firms to look at additional cost-cutting measures in 2013, law firm leaders and consultants said.
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