Client industry · November 2026

Infrastructure: who advises the sector

Dated deals for infrastructure clients over the last 12 months, the practices and firms behind them, and how lawyers with this focus moved.

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01 The numbers

The last 12 months: November 2025 to October 2026

585
Dated deals, 12 monthsNovember 2025 to October 2026
+49.1%
Year on yearSettled 12-month windows
$850m
Median disclosed value
276
Distinct clients
02 Reading the data

What the data show

Sartori & Partners data count 585 dated deals for Infrastructure clients from November 2025 to October 2026. On settled windows the deal count went from 385 to 574, up 49.1% year on year. The deal market as a whole moved +10.6% over the same windows.

Infrastructure deals by year

2026 runs to October.

By practice, Capital Markets is involved in 30.1% of these deals and Corporate & M&A in 22.1%. By deal type, Capital markets is involved in 29.2% of these deals and Project & infrastructure finance in 19.8%.

Share of deals involving each practice

Deal value was disclosed on 39.3% of them; where disclosed, the median was $850 million. 276 distinct clients appear across the window.

Where the work is done: share of the sector's deals handled with lawyers in each city

First among advising firms is Clifford Chance, with deals in the 41-60 band.

Lateral moves by lawyers with this focus, by year

2026 runs to October.

Lawyers whose work centers on Infrastructure changed firm 241 times in the same window. Partners were 61.0% of those moves, against 27.7% across the lateral market. Year on year those moves changed +0.4%.

For a general counsel in Infrastructure, these are the firms and practices that see the most of the sector's work: the bench to brief, and the bench in-house hires come from.

03 Firms

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.

Advising firms ranked by deals, 12 months
RankFirmDeals (band)
1Clifford Chance41-60
2Latham & Watkins21-40
3Milbank21-40
4White & Case21-40
5Davis Polk & Wardwell21-40
6Kirkland & Ellis21-40
7Simpson Thacher & Bartlett21-40
8Cahill Gordon & Reindel21-40
9Linklaters11-20
10A&O Shearman11-20
04 Explore

Related monitors and reports

Reports

  • Hire Finance First: Infrastructure Holds 11.6% of All Project Finance

    Project and infrastructure finance is 19.8% of infrastructure deals against 2.1% market-wide, and the sector discloses deal values more often than any other sector and does so at a median of $850 million. The counsel a company needs is a finance team built for large, public tickets, with a strong London bench.

    November 11, 2026 · November 2026
  • Infrastructure Lawyers Work at the Largest Firms: 75.1% Join One

    Lawyers with an infrastructure focus join firms of 1,000+ lawyers on 75.1% of their moves, and over 36 months about as many moves started at such a firm, so the bench passes from one large platform to the next. Projects and finance specialists drive it and Paris draws them far above its market weight. A company hiring one in-house bids against large-firm pay.

    November 11, 2026 · November 2026

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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