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.
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
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.
| Measure | Here | Banking & Finance | London | Market |
|---|---|---|---|---|
| Partner share of moves | 29.7% | 30.8% | 29.3% | 27.7% |
| Counsel share of moves | 8.4% | 12.7% | 9.1% | 12.7% |
| Associate share of moves | 61.3% | 55.8% | 60.4% | 58.5% |
| Moved up a level | 11.8% | 13.1% | 11.5% | 12.9% |
| Changed city | 14.9% | 20.4% | 15.2% | 20.5% |
| Hired by firms of 1,000+ lawyers | 75.1% | 63.8% | 68.5% | 53.6% |
| Year on year | flat (+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 A dash is a value we do not publish.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.
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.
Latest: 26 in Oct 26
Show the numbers
| Month | Value |
|---|---|
| Nov 24 | 26 |
| Jan 25 | 46 |
| Feb 25 | 32 |
| Apr 25 | 27 |
| May 25 | 23 |
| Jun 25 | 25 |
| Jul 25 | 21 |
| Sep 25 | 45 |
| Oct 25 | 28 |
| Nov 25 | 30 |
| Jan 26 | 38 |
| Feb 26 | 38 |
| Mar 26 | 30 |
| Apr 26 | 25 |
| May 26 | 28 |
| Jun 26 | 23 |
| Jul 26 | 22 |
| Sep 26 | 35 |
| Oct 26 | 26 |
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.
- Partner29.7%
- Counsel8.4%
- Associate61.3%
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.
- 1,000+ lawyers75.1%
- 400-999 lawyers17.4%
- 150-399 lawyers4.0%
- under 150 lawyers3.4%
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%).
- 1,000+ lawyers78.2%
- 400-999 lawyers15.0%
- 150-399 lawyers2.9%
- under 150 lawyers3.9%
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.
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 | Paul Hastings | 11-20 |
| 2 | Milbank | 11-20 |
| 3 | Latham & Watkins | 11-20 |
| 4 | Sullivan & Cromwell | 11-20 |
| 5 | Proskauer Rose | 11-20 |
| 6 | Addleshaw Goddard | 6-10 |
| 7 | Simmons & Simmons | 6-10 |
| 8 | Orrick, Herrington & Sutcliffe | 6-10 |
| 9 | Mayer Brown | 6-10 |
| 10 | Jones Day | 6-10 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | Paul Hastings | 6-10 |
| 2 | DLA Piper | 6-10 |
| 3 | Proskauer Rose | 3-5 |
| 4 | Sullivan & Cromwell | 3-5 |
| 5 | Eversheds Sutherland | 3-5 |
| 6 | Mayer Brown | 3-5 |
| 7 | Jones Day | 3-5 |
| 8 | Orrick, Herrington & Sutcliffe | 3-5 |
| 9 | Cahill Gordon & Reindel | 3-5 |
| 10 | Norton Rose Fulbright | 3-5 |
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.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Latham & Watkins | 151-250 |
| 2 | A&O Shearman | 101-150 |
| 3 | White & Case | 101-150 |
| 4 | Clifford Chance | 101-150 |
| 5 | Milbank | 101-150 |
| 6 | Linklaters | 61-100 |
| 7 | Simpson Thacher & Bartlett | 61-100 |
| 8 | Cahill Gordon & Reindel | 61-100 |
| 9 | Watson Farley & Williams | 61-100 |
| 10 | Hogan Lovells Cadwalader | 61-100 |
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.
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%.
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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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