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.
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
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.
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%.
Deal value was disclosed on 39.3% of them; where disclosed, the median was $850 million. 276 distinct clients appear across the window.
First among advising firms is Clifford Chance, with deals in the 41-60 band.
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.
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 | Clifford Chance | 41-60 |
| 2 | Latham & Watkins | 21-40 |
| 3 | Milbank | 21-40 |
| 4 | White & Case | 21-40 |
| 5 | Davis Polk & Wardwell | 21-40 |
| 6 | Kirkland & Ellis | 21-40 |
| 7 | Simpson Thacher & Bartlett | 21-40 |
| 8 | Cahill Gordon & Reindel | 21-40 |
| 9 | Linklaters | 11-20 |
| 10 | A&O Shearman | 11-20 |
Related monitors and reports
Deal types
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Up one level
Working with us
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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