Deals by practice · November 2026
Capital Markets: deal monitor
Dated deals that Capital Markets lawyers worked on over the last 12 months: volume, type, client industry and the advising firms.
The last 12 months: November 2025 to October 2026
- 12,684
- Dated deals, 12 monthsNovember 2025 to October 2026
- +10.0%
- Year on yearSettled 12-month windows
- $563m
- Median disclosed value
- 4,924
- Distinct clients
What the data show
Sartori & Partners data count 12,684 dated deals worked by Capital Markets lawyers from November 2025 to October 2026. On settled windows the deal count went from 11,838 to 13,024, up 10.0% year on year. The deal market as a whole moved +10.6% over the same windows.
By deal type, Capital markets is involved in 96.0% of these deals and Banking & lending in 1.4%. By client industry, Banks & Financial Institutions is involved in 13.8% of these deals and Pharma & Biotech in 13.7%.
Deal value was disclosed on 29.5% of them; where disclosed, the median was $563 million. 4,924 distinct clients appear across the window.
Davis Polk & Wardwell ranks first among advising firms, in the 701-1200 band; the full top 10 follows as ranks and bands.
For a firm building in Capital Markets, deal flow is the demand signal: a practice that wins this work needs the partners to staff it.
Firms by rank and band
Each firm appears as a rank and a band, never an exact count, and only with at least 10 moves in the window.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Davis Polk & Wardwell | 701-1200 |
| 2 | Latham & Watkins | 701-1200 |
| 3 | A&O Shearman | 401-700 |
| 4 | Simpson Thacher & Bartlett | 401-700 |
| 5 | Clifford Chance | 401-700 |
| 6 | Linklaters | 401-700 |
| 7 | White & Case | 251-400 |
| 8 | Ellenoff Grossman & Schole | 251-400 |
| 9 | Cooley | 251-400 |
| 10 | Sidley Austin | 251-400 |
Related monitors and reports
Deal types
Other practices
- Corporate & M&A
- Intellectual Property
- Banking & Finance
- Litigation & Disputes
- Real Estate
- Private Equity
- Funds & Investment Management
- Projects & Infrastructure
- Product Liability & Torts
- Public Law & Government
- Restructuring & Insolvency
- Employment & Labor
- Insurance & Reinsurance
- Antitrust & Competition
- Health Care
- Financial Services Regulatory
Hiring in this market
Edition November 2026. Window: November 2025 to October 2026. Source: Sartori & Partners, from public law-firm announcements, firm websites and professional profiles, checked monthly. Methodology. Spot an error? [email protected].
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