PRESS RELEASES

2023 The Year Of Opportunity For Transaction Services Talent

A decline in M&A activity coupled with the slowdown in hiring across the industry and economic uncertainty sets up 2023 for significant movement across the Transaction Advisory space, according to Eastward Partners Transaction Services Market Report – 2022 Year In Review.

The report emphasizes the potential for companies to benefit from the current TS climate, as it creates an opportunity to attract and secure talent that would not have been available in a more robust market. According to polls, candidates have identified an excellent compensation package, including beneficial perks and rewards, as their most sought-after factor when considering a new job.

Lindsey Webb, Associate Partner and Head of Deal Advisory at Eastward Partners, commented on the market conditions for Transaction Advisory Services:

“The first half of this year is the time to invest in TS talent, as projections show an uptick in M&A activity in the back half. With the decrease in deal volume, companies now have the chance to properly assess talent at the leverage level without having to resort to rushed hiring processes.”

Webb continued:

“In addition, executive-level talent may be more apt to move in response to the current slowdown and ability to ramp while the market recovers.”

The report goes on to cover talent flow and movement over the last year from New York City, Chicago, and San Francisco and shares geographic hot spots for talent as well as an industry outlook for hiring in 2023.

The full report can be found on Eastward Partners’ website.