Practice by city · November 2026

Banking & Finance in London: lateral monitor

Lawyers who changed firm in Banking & Finance in London 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

323
Lateral moves, 12 monthsNovember 2025 to October 2026
+0.9%
Year on yearSettled 12-month windows
29.7%
Partner share of moves
100
Firms that hired
02 Reading the data

What the data show

In the Sartori & Partners lateral record, 323 lawyers joined a new firm in Banking & Finance in London from November 2025 to October 2026, 16.4% of the practice's moves. Year on year the count held level (322 to 325 on settled windows, +0.9%). The market as a whole moved +9.0%, so this flow lagged it.

Banking & Finance in London against Banking & Finance, London and the market
MeasureHereBanking & FinanceLondonMarket
Partner share of moves29.7%30.8%29.3%27.7%
Counsel share of moves8.4%12.7%9.1%12.7%
Associate share of moves61.3%55.8%60.4%58.5%
Moved up a level11.8%13.1%11.5%12.9%
Changed city14.9%20.4%15.2%20.5%
Hired by firms of 1,000+ lawyers75.1%63.8%68.5%53.6%
Year on yearflat (+0.9%)rose (+14.1%)flat (-2.5%)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 A dash is a value we do not publish.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 share hired by firms of 1,000+ lawyers stands out most: 75.1% here against 63.8%, above it. Set against all moves in London, the share hired by firms of 1,000+ lawyers stands out most: 75.1% here against 68.5%, above it. Year on year it held flat while the Banking & Finance practice as a whole rose.

Banking & Finance in London: lateral moves by year

2026 runs to October.

Over the three years to October 2026, 919 lawyers moved in Banking & Finance in London, 280 of them partners (30.5%). They joined 128 different firms. 12.1% stepped up a level on the move and 15.7% changed city, against 12.3% and 21.6% across the market over the same three years. 78.2% came from firms with 1,000+ lawyers.

Moves by month, last 24 months
4621
Nov 24Oct 25Oct 26

Latest: 26 in Oct 26

Show the numbers
MonthValue
Nov 2426
Jan 2546
Feb 2532
Apr 2527
May 2523
Jun 2525
Jul 2521
Sep 2545
Oct 2528
Nov 2530
Jan 2638
Feb 2638
Mar 2630
Apr 2625
May 2628
Jun 2623
Jul 2622
Sep 2635
Oct 2626

The newest months read low: start dates are confirmed with a delay.

The level mix sits close to the market: partners are 29.7% of arrivals, against 27.7% market-wide. On settled windows partner moves alone went from 105 to 92 (-12.4%), a change inside the noise of the two counts, so we read it as flat. 11.8% of movers stepped up a level when they changed firm, against 12.9% for the market.

100 firms hired at least one lateral in Banking & Finance in London in the window. The ten firms at the head of the hiring table took 33.1% of arrivals (12.9% market-wide), so hiring here is concentrated. First on the hiring table is Paul Hastings, with arrivals in the 11-20 band.

The practice accounts for 24.8% of all lateral moves in London. Over the three years to October 2026, 66.5% of movers came from another firm in London itself. A change of city came with 14.9% of moves (market 20.5%).

There were 51 open roles in Banking & Finance in London on law-firm career pages on November 11, 2026.

For a firm planning a hire in Banking & Finance in London, 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, 12 months
RankFirmMoves (band)
1Paul Hastings11-20
2Milbank11-20
3Latham & Watkins11-20
4Sullivan & Cromwell11-20
5Proskauer Rose11-20
6Addleshaw Goddard6-10
7Simmons & Simmons6-10
8Orrick, Herrington & Sutcliffe6-10
9Mayer Brown6-10
10Jones Day6-10
Firms ranked by partner arrivals, 12 months
RankFirmMoves (band)
1Paul Hastings6-10
2DLA Piper6-10
3Proskauer Rose3-5
4Sullivan & Cromwell3-5
5Eversheds Sutherland3-5
6Mayer Brown3-5
7Jones Day3-5
8Orrick, Herrington & Sutcliffe3-5
9Cahill Gordon & Reindel3-5
10Norton Rose Fulbright3-5
04 Demand

Deals in Banking & Finance in London

Sartori & Partners data count 802 dated deals in Banking & Finance in London in the 12 months to October 2026 and 2,063 over the three years to October 2026.

Banking & lending work is involved in 37.9% of them and Leveraged & acquisition finance in 30.2%.

By client industry, Banks & Financial Institutions comes first with 14.2%.

Latham & Watkins ranks first among advising firms over the period, in the 151-250 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 & Watkins151-250
2A&O Shearman101-150
3White & Case101-150
4Clifford Chance101-150
5Milbank101-150
6Linklaters61-100
7Simpson Thacher & Bartlett61-100
8Cahill Gordon & Reindel61-100
9Watson Farley & Williams61-100
10Hogan Lovells Cadwalader61-100
05 Promotions

Time to partner in Banking & Finance in London

43 lawyers were promoted to partner in Banking & Finance in London in the 12 months to May 2026, 246 over five years, according to Sartori & Partners data.

The median time from first year of practice to partner is 11.0 years, with the middle half between 9.0 years and 13.0 years, against a market median of 10.0 years. 73.8% made partner within 12 years.

These figures rest on 168 promotions.

Years from first year of practice to partner
06 Specialities

Specialities in Banking & Finance in London

Over the three years to October 2026, Acquisition & Leveraged Finance was involved in 27.3% of moves in Banking & Finance in London, then Corporate Lending with 13.5%.

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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