While many major Los Angeles-based firms have shrunk in size in recent years, an increase in lawyers employed by out-of-town firms indicates that the city’s legal market has gradually recovered from the financial downturn a decade ago, according to a new study.
The Lowell Milken Institute for Business Law and Policy at the University of California, Los Angeles, School of Law released a report this month stating that as of January 2017, large law firms employed about as many attorneys in Los Angeles as they did prior to 2008.
