The legal services market in the United States contracted since the Great Recession.
However, there have been reports of a rebound. CBRE, a commercial real estate firm, has
released a report concerning legal services and real estate in the United
States. Part of the report concerns
rethinking how square footage in law firms can be used more efficiently,
including increasing collaboration space. Another part of the report examines legal
services employment—attorney employment--across the United States.
The top five major legal services employment markets are 1)
New York City; 2) Los Angeles; 3) Miami; 4) Chicago; and 5) Washington DC. San Francisco is ninth. The report states that there has not been
much growth in most of the top ten major legal services employment markets
except for Los Angeles (experiencing low double digit growth between 2015 and
2017) and San Francisco. The report
states that this is likely due to the growth in the media and tech
industries. In the highest growth
markets category, Austin and Atlanta were the leaders in attorney growth. Austin added more than 10%. Austin is well-known for its tech
industry. According to the report, the
cities of Austin, Atlanta and Kansas City added 10% or more growth in attorney
positions since 2015. The report also
discusses the cities with largest decline in law degrees awarded.
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