In the midst of a jarring decline in demand for legal services nationwide, some Pennsylvania firm leaders said transactional practices are suffering, as corporate clients become more selective in their work with outside law firms.
Earlier this week, Thomson Reuters’ Peer Monitor released results on the second quarter of 2016, which said law firms were “blindsided” by a 0.9 percent drop in demand across practices from the quarter before. It was the first decrease in demand since 2013, the report said. According to Brent Turner, manager of Thomson Reuters Peer Monitor, productivity was down 3.9 percent in the Northeast.
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