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Legal services revenue dropped $970 million in Q3

Quarterly loss offsets $1 billion gain made in Q2

Not to be outdone after the Department of Labor dropped some less-than-stellar legal services job figures last week, the Census Bureau served up a holiday treat of its own.

The Census Bureau yesterday issued its quarterly services survey indicating a relatively steep decline in revenue from the second to third quarters of 2011. According to the numbers, revenue dropped about $970 million to $60.77 billion, thereby nullifying the $1 billion gain from the second to first quarters.

Looking on the bright side, the Census Bureau’s figures show that legal services revenues are still up over 2010. Compared to the third quarter 2010, revenue is up 0.4 percent.

On Dec. 2, the Bureau of Labor Statistics published its preliminary employment report that indicated the legal sector added 100 jobs in November. That figure is down from 400 jobs added in October, according to the Bureau of Labor Statistics’ seasonally adjusted numbers.

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