Arlington is missing out on millions of dollars worth of annual tax revenue because of overly restrictive rules governing how lawyers are admitted to the Virginia Bar, according to a new report by Arlington Economic Development.
AED says that Arlington could be a very attractive location for major law firms. After all, real estate rates in Arlington are significantly lower than K Street and the other prime DC environs currently favored by large firms. Plus, a higher concentration of lawyers live in Arlington than the District, according to AED.