Predicting a transactional rebound in 2024, consultants expect the Philadelphia legal market to remain steady and established in New York and other larger markets, while continuing to be buoyed by life sciences work. 

“This market is always sort of steady as she goes,” observed Major, Lindsey & Africa consultant and Philadelphia office managing partner Darin Morgan. “There’s the occasional blip up or blip down. … I don’t see anything going too crazy in Philadelphia.”