The legal industry in Philadelphia directly contributes $3.45 billion to the city’s economy, including $2.26 billion spent on employee compensation, according to a study commissioned by the Philadelphia Bar Association’s large law firm management committee.
The $3.45 billion encompasses the revenue generated by all facets of the legal industry, including law firms, court reporting companies, e-discovery vendors, the legal components of corporations and law schools, according to Stephen Mullin, president of Econsult Solutions, the company that conducted the analysis.
