Business of Law
Law Firms Are Looking to Hire In-House Counsel for Lateral Positions
Posted Aug 6, 2012 7:00 AM CDT
By Martha Neil
A July hiring surge among Pennsylvania law firms featured an unusual trend--lateral lawyers moving back into private practice from in-house counsel positions.
A number of factors may be combining to encourage such moves. Among them, there is a dearth of lawyers in certain practice areas, such as corporate law and real estate, reports the Legal Intelligencer.
And in some practice areas, improved law firm pricing efficiencies are motivating corporate legal departments to send more work to outside counsel. At that point, the in-house lawyer who was doing the work may want to follow it to the law firm, says legal consultant Maura McAnney. She is with McAnney Esposito & Kraybill Associates in Pittsburgh.
"Each entity has redesigned what it looks for in a lawyer," says McAnney.