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.
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
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.
| Measure | Here | Banking & Finance | Chicago | Market |
|---|---|---|---|---|
| Partner share of moves | 20.8% | 30.8% | 26.8% | 27.7% |
| Counsel share of moves | 6.5% | 12.7% | 9.5% | 12.7% |
| Associate share of moves | 70.1% | 55.8% | 61.6% | 58.5% |
| Moved up a level | 6.5% | 13.1% | 8.4% | 12.9% |
| Changed city | 29.0% | 20.4% | 15.7% | 20.5% |
| Hired by firms of 1,000+ lawyers | 58.4% | 63.8% | 51.2% | 53.6% |
| Year on year | flat (-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 A dash is a value we do not publish.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.
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.
- Partner20.8%
- Counsel6.5%
- Associate70.1%
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%).
- 1,000+ lawyers58.4%
- 400-999 lawyers18.2%
- 150-399 lawyers13.0%
- under 150 lawyers10.4%
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.
- 1,000+ lawyers52.8%
- 400-999 lawyers27.1%
- 150-399 lawyers13.1%
- under 150 lawyers7.0%
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.
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 | Moves (band) |
|---|---|---|
| 1 | Chapman and Cutler | 11-20 |
| 2 | Mayer Brown | 11-20 |
| 3 | Benesch Friedlander Coplan & Aronoff | 11-20 |
| 4 | Latham & Watkins | 6-10 |
| 5 | Kirkland & Ellis | 6-10 |
| 6 | Willkie Farr & Gallagher | 6-10 |
| 7 | Vedder | 6-10 |
| 8 | Sidley Austin | 3-5 |
| 9 | Nixon Peabody | 3-5 |
| 10 | Winston Taylor | 3-5 |
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.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Latham & Watkins | 101-150 |
| 2 | Kirkland & Ellis | 41-60 |
| 3 | Willkie Farr & Gallagher | 21-40 |
| 4 | Paul Hastings | 21-40 |
| 5 | Cooley | 11-20 |
| 6 | Mayer Brown | 11-20 |
| 7 | White & Case | 11-20 |
| 8 | Sidley Austin | 11-20 |
| 9 | Jones Day | 11-20 |
| 10 | Ropes & Gray | 6-10 |
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.
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%.
Related monitors and reports
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- Pensions, Benefits & Executive Compensation
Banking & Finance in other cities
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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