Client industry · November 2026

Telecommunications: who advises the sector

Dated deals for telecommunications 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

492
Dated deals, 12 monthsNovember 2025 to October 2026
+3.6%
Year on yearSettled 12-month windows
$1,078m
Median disclosed value
209
Distinct clients
02 Reading the data

What the data show

Sartori & Partners data count 492 dated deals for Telecommunications clients from November 2025 to October 2026. Year on year the deal count held level (478 to 495 on settled windows, +3.6%). The deal market as a whole moved +10.6% over the same windows.

Telecommunications deals by year

2026 runs to October.

By practice, Capital Markets is involved in 35.6% of these deals and Corporate & M&A in 31.9%. By deal type, Capital markets is involved in 34.6% of these deals and M&A in 26.2%.

Share of deals involving each practice

Deal value was disclosed on 29.7% of them; where disclosed, the median was $1,078 million. 209 distinct clients appear across the window.

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

Latham & Watkins ranks first among advising firms, in the 21-40 band; the full top 10 follows as ranks and bands.

Lateral moves by lawyers with this focus, by year

2026 runs to October.

Lawyers whose work centers on Telecommunications changed firm 93 times in the same window. Partners were 55.9% of those moves, against 27.7% across the lateral market. Year on year those moves changed +33.3%.

For a general counsel in Telecommunications, 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)
1Latham & Watkins21-40
2Cravath, Swaine & Moore11-20
3Clifford Chance11-20
4Milbank11-20
5Kirkland & Ellis11-20
6A&O Shearman11-20
7White & Case11-20
8Linklaters11-20
9Davis Polk & Wardwell11-20
10Freshfields11-20
04 Explore

Related monitors and reports

Reports

  • Telecom Deals Carry the Highest Median Value: Run the Pitch Wide

    Where a telecom deal discloses its value, the median is $1,077.5 million, higher than in any other industry we track. The work leans to offerings and acquisitions, and the firms ranked second to tenth sit in one band of deals advised, so a telecom company can put large mandates out to a real contest.

    November 11, 2026 · November 2026
  • Telecom Lawyers Gather in Washington: A Regulatory Bench on the Move

    Over three years, 15.7% of lawyers with a telecom focus who changed firms joined a Washington firm, against 5.2% of all lateral moves, and regulatory work shows up in their moves at an index of 969 against the market. The count of moves rose 33.3% while the count of partner moves held flat (+28.2%): a telecom company hiring regulatory counsel recruits in Washington.

    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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