Practice by city · November 2026

Banking & Finance in Chicago: lateral monitor

Lawyers who changed firm in Banking & Finance in Chicago over the last 12 months, set against the practice and the city as a whole.

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01 The numbers

The last 12 months: November 2025 to October 2026

77
Lateral moves, 12 monthsNovember 2025 to October 2026
-9.5%
Year on yearSettled 12-month windows
20.8%
Partner share of moves
48
Firms that hired
02 Reading the data

What the data show

Sartori & Partners data show 77 lateral moves in Banking & Finance in Chicago from November 2025 to October 2026, 3.9% of the practice's moves. On settled windows the count went from 84 to 76 (-9.5%), a change inside the noise of the two counts, so we read it as flat.

Banking & Finance in Chicago against Banking & Finance, Chicago and the market
MeasureHereBanking & FinanceChicagoMarket
Partner share of moves20.8%30.8%26.8%27.7%
Counsel share of moves6.5%12.7%9.5%12.7%
Associate share of moves70.1%55.8%61.6%58.5%
Moved up a level6.5%13.1%8.4%12.9%
Changed city29.0%20.4%15.7%20.5%
Hired by firms of 1,000+ lawyers58.4%63.8%51.2%53.6%
Year on yearflat (-9.5%)rose (+14.1%)flat (+9.7%)rose (+9.0%)

12 months to October 2026 unless the row says three years; a row switches to three years for every column when this page's 12-month value is not published. A dash is a value we do not publish. Flat means a change under 5% or inside the noise of the two counts.

Set against the Banking & Finance practice as a whole, the associate share stands out most: 70.1% here against 55.8%, above it. Set against all moves in Chicago, the share who changed city stands out most: 29.0% here against 15.7%, above it. Year on year it held flat while the Banking & Finance practice as a whole rose.

Banking & Finance in Chicago: lateral moves by year

2026 runs to October.

Over the three years to October 2026, 221 lawyers moved in Banking & Finance in Chicago, 57 of them partners (25.8%). They joined 72 different firms. 7.2% stepped up a level on the move and 24.9% changed city, against 12.3% and 21.6% across the market over the same three years. 52.8% came from firms with 1,000+ lawyers.

The partner share is 20.8%, below the market's 27.7%, so most movers are associates and counsel. A step up in title came with 6.5% of moves (market 12.9%).

The 12-month firm table is below our naming threshold, so this part reads the three years to October 2026. Lateral hires in Banking & Finance in Chicago were spread across 72 firms. The ten firms at the head of the hiring table took 38.5% of arrivals (12.2% market-wide), so hiring here is concentrated. First on the hiring table is Chapman and Cutler, with arrivals in the 11-20 band.

The practice accounts for 12.9% of all lateral moves in Chicago. Over the three years to October 2026, 61.5% of movers came from another firm in Chicago itself. A change of city came with 29.0% of moves (market 20.5%).

There were 43 open roles in Banking & Finance in Chicago on law-firm career pages on November 11, 2026.

For a firm planning a hire in Banking & Finance in Chicago, a flat market means candidates are not being pulled by a wave: the case for a move has to come from the platform.

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.

Firms ranked by lateral arrivals, three years to October 2026
RankFirmMoves (band)
1Chapman and Cutler11-20
2Mayer Brown11-20
3Benesch Friedlander Coplan & Aronoff11-20
4Latham & Watkins6-10
5Kirkland & Ellis6-10
6Willkie Farr & Gallagher6-10
7Vedder6-10
8Sidley Austin3-5
9Nixon Peabody3-5
10Winston Taylor3-5
04 Demand

Deals in Banking & Finance in Chicago

Sartori & Partners data count 186 dated deals in Banking & Finance in Chicago in the 12 months to October 2026 and 395 over the three years to October 2026.

Banking & lending work is involved in 39.2% of them and Leveraged & acquisition finance in 32.4%.

By client industry, Banks & Financial Institutions comes first with 14.7%.

Latham & Watkins ranks first among advising firms over the period, in the 101-150 band.

Share of deals involving each deal type, three years to October 2026
Share of deals involving each client industry, three years to October 2026
Advising firms ranked by deals, three years to October 2026
RankFirmDeals (band)
1Latham & Watkins101-150
2Kirkland & Ellis41-60
3Willkie Farr & Gallagher21-40
4Paul Hastings21-40
5Cooley11-20
6Mayer Brown11-20
7White & Case11-20
8Sidley Austin11-20
9Jones Day11-20
10Ropes & Gray6-10
05 Promotions

Time to partner in Banking & Finance in Chicago

80 lawyers were promoted to partner in Banking & Finance in Chicago over five years, according to Sartori & Partners data.

The median time from first year of practice to partner is 9.0 years, with the middle half between 8.2 years and 11.0 years, against a market median of 10.0 years. 89.2% made partner within 12 years.

These figures rest on 74 promotions.

Years from first year of practice to partner
06 Specialities

Specialities in Banking & Finance in Chicago

Over the three years to October 2026, Acquisition & Leveraged Finance was involved in 19.0% of moves in Banking & Finance in Chicago, then Corporate Lending with 19.0%.

Share of moves involving each speciality, three years to October 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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