Practice by city · November 2026
Banking & Finance in New York: lateral monitor
Lawyers who changed firm in Banking & Finance in New York over the last 12 months, set against the practice and the city as a whole.
The last 12 months: November 2025 to October 2026
- 423
- Lateral moves, 12 monthsNovember 2025 to October 2026
- +28.5%
- Year on yearSettled 12-month windows
- 34.8%
- Partner share of moves
- 116
- Firms that hired
What the data show
Sartori & Partners data show 423 lateral moves in Banking & Finance in New York from November 2025 to October 2026, 21.5% of the practice's moves. On settled windows the count went from 340 to 437, up 28.5% year on year. The market as a whole moved +9.0%, so this flow outpaced it.
| Measure | Here | Banking & Finance | New York | Market |
|---|---|---|---|---|
| Partner share of moves | 34.8% | 30.8% | 28.3% | 27.7% |
| Counsel share of moves | 12.5% | 12.7% | 12.6% | 12.7% |
| Associate share of moves | 52.2% | 55.8% | 58.4% | 58.5% |
| Moved up a level | 13.5% | 13.1% | 11.6% | 12.9% |
| Changed city | 9.8% | 20.4% | 10.9% | 20.5% |
| Hired by firms of 1,000+ lawyers | 76.7% | 63.8% | 62.6% | 53.6% |
| Year on year | rose (+28.5%) | rose (+14.1%) | rose (+11.9%) | 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 A dash is a value we do not publish.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: 76.7% here against 63.8%, above it. Against all moves in New York, the widest gap is the share hired by firms of 1,000+ lawyers, which is higher here: 76.7% against 62.6%. Year on year it moved with the Banking & Finance practice as a whole: both rose.
Over the three years to October 2026, 1,080 lawyers moved in Banking & Finance in New York, 356 of them partners (33.0%). They joined 161 different firms. 12.4% stepped up a level on the move and 11.4% changed city, against 12.3% and 21.6% across the market over the same three years. 73.1% came from firms with 1,000+ lawyers.
Latest: 25 in Oct 26
Show the numbers
| Month | Value |
|---|---|
| Nov 24 | 25 |
| Dec 24 | 20 |
| Jan 25 | 26 |
| Feb 25 | 28 |
| Mar 25 | 31 |
| Apr 25 | 31 |
| May 25 | 36 |
| Jun 25 | 22 |
| Jul 25 | 24 |
| Sep 25 | 44 |
| Oct 25 | 39 |
| Dec 25 | 22 |
| Jan 26 | 42 |
| Feb 26 | 37 |
| Mar 26 | 44 |
| Apr 26 | 38 |
| May 26 | 31 |
| Jun 26 | 38 |
| Jul 26 | 42 |
| Aug 26 | 53 |
| Sep 26 | 40 |
| Oct 26 | 25 |
The newest months read low: start dates are confirmed with a delay.
At 34.8%, the partner share of arrivals sits above the market's 27.7%. Year on year, on windows that end a month early, partner moves alone grew 32.7% (113 to 150). 13.5% of movers stepped up a level when they changed firm, against 12.9% for the market.
- Partner34.8%
- Counsel12.5%
- Associate52.2%
Lateral hires in Banking & Finance in New York were spread across 116 firms. The ten firms at the head of the hiring table took 36.0% of arrivals (12.9% market-wide), so hiring here is concentrated. First on the hiring table is Sidley Austin, with arrivals in the 21-40 band.
- 1,000+ lawyers76.7%
- 400-999 lawyers10.1%
- 150-399 lawyers7.7%
- under 150 lawyers5.5%
The practice accounts for 20.3% of all lateral moves in New York. Over the three years to October 2026, 71.3% of movers came from another firm in New York itself. A change of city came with 9.8% of moves (market 20.5%).
- 1,000+ lawyers73.1%
- 400-999 lawyers11.8%
- 150-399 lawyers10.7%
- under 150 lawyers4.4%
There were 123 open roles in Banking & Finance in New York on law-firm career pages on November 11, 2026.
For a firm hiring in Banking & Finance in New York, the pool is moving and partners are part of it: expect competing offers and budget time for a contested process.
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 | Sidley Austin | 21-40 |
| 2 | Kirkland & Ellis | 11-20 |
| 3 | Latham & Watkins | 11-20 |
| 4 | King & Spalding | 11-20 |
| 5 | Davis Polk & Wardwell | 11-20 |
| 6 | Simpson Thacher & Bartlett | 11-20 |
| 7 | Paul Hastings | 11-20 |
| 8 | Paul, Weiss, Rifkind, Wharton & Garrison | 11-20 |
| 9 | Milbank | 11-20 |
| 10 | DLA Piper | 6-10 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | Kirkland & Ellis | 11-20 |
| 2 | King & Spalding | 11-20 |
| 3 | Sidley Austin | 6-10 |
| 4 | DLA Piper | 6-10 |
| 5 | Paul, Weiss, Rifkind, Wharton & Garrison | 6-10 |
| 6 | Benesch Friedlander Coplan & Aronoff | 3-5 |
| 7 | Simpson Thacher & Bartlett | 3-5 |
| 8 | McDermott Will & Schulte | 3-5 |
| 9 | Proskauer Rose | 3-5 |
| 10 | A&O Shearman | 3-5 |
Deals in Banking & Finance in New York
Sartori & Partners data count 1,126 dated deals in Banking & Finance in New York in the 12 months to October 2026 and 3,015 over the three years to October 2026.
Banking & lending work is involved in 48.0% of them and Leveraged & acquisition finance in 27.9%.
By client industry, Banks & Financial Institutions comes first with 11.1%.
Cahill Gordon & Reindel ranks first among advising firms over the period, in the 401-700 band.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Cahill Gordon & Reindel | 401-700 |
| 2 | Latham & Watkins | 251-400 |
| 3 | Milbank | 151-250 |
| 4 | Davis Polk & Wardwell | 151-250 |
| 5 | Simpson Thacher & Bartlett | 101-150 |
| 6 | Paul Hastings | 101-150 |
| 7 | Jones Day | 61-100 |
| 8 | White & Case | 61-100 |
| 9 | Dechert | 61-100 |
| 10 | Kirkland & Ellis | 61-100 |
Time to partner in Banking & Finance in New York
74 lawyers were promoted to partner in Banking & Finance in New York in the 12 months to May 2026, 314 over five years, according to Sartori & Partners data.
The median time from first year of practice to partner is 10.0 years, with the middle half between 9.0 years and 13.0 years, against a market median of 10.0 years. 73.6% made partner within 12 years.
These figures rest on 299 promotions.
Specialities in Banking & Finance in New York
Over the three years to October 2026, Acquisition & Leveraged Finance was involved in 18.2% of moves in Banking & Finance in New York, then Corporate Lending with 16.8%.
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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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