2022 in Review: Top 10 lateral hires of the year in Philadelphia’s legal industry
December 21, 2022
Philadelphia Business Journal
Types : In the News
How a year changes things. In 2021, due to the Great Resignation and a surge of deals, lawyers felt a high level of job security as they were feted with salary raises, bonuses and no commutes. They had little incentive to switch firms.
But as the economy worsened in 2022, deal flow slowed and some firms even implemented layoffs. Lawyers bristled about coming back into the office as management had trouble enforcing general work rules.
While the uptick in deals led to one-quarter of all lateral partner moves tracked by the Philadelphia Business Journal in 2021 being corporate lawyers, the name of the game in 2022 was litigation. White collar defense lawyers alone made up almost one-fifth of the lateral partner moves tracked.
“Scott Coffina returned to Montgomery McCracken Walker & Rhoads after spending five years as Burlington County prosecutor.”