While Pennsylvania law firms saw expenses rise more and revenue rise less than their national counterparts in comparing the first quarter of 2013 to the first quarter of 2014, an area banker cautioned that the state’s firms just had less catching up to do after a stronger-than-average start to 2013.
“Our numbers, at first glance, don’t look all that promising, but when you compare it and look at what happened in ’13, you see it’s just a flat line versus more ebbs and flows,” said Lisa Kohut, a director with Citi Private Bank Law Firm Group in Philadelphia.
