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.

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01 The numbers

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
02 Reading the data

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.

Banking & Finance in New York against Banking & Finance, New York and the market
MeasureHereBanking & FinanceNew YorkMarket
Partner share of moves34.8%30.8%28.3%27.7%
Counsel share of moves12.5%12.7%12.6%12.7%
Associate share of moves52.2%55.8%58.4%58.5%
Moved up a level13.5%13.1%11.6%12.9%
Changed city9.8%20.4%10.9%20.5%
Hired by firms of 1,000+ lawyers76.7%63.8%62.6%53.6%
Year on yearrose (+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 A dash is a value we do not publish.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.

Banking & Finance in New York: lateral moves by year

2026 runs to October.

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.

Moves by month, last 24 months
5320
Nov 24Oct 25Oct 26

Latest: 25 in Oct 26

Show the numbers
MonthValue
Nov 2425
Dec 2420
Jan 2526
Feb 2528
Mar 2531
Apr 2531
May 2536
Jun 2522
Jul 2524
Sep 2544
Oct 2539
Dec 2522
Jan 2642
Feb 2637
Mar 2644
Apr 2638
May 2631
Jun 2638
Jul 2642
Aug 2653
Sep 2640
Oct 2625

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.

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.

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%).

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.

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)
1Sidley Austin21-40
2Kirkland & Ellis11-20
3Latham & Watkins11-20
4King & Spalding11-20
5Davis Polk & Wardwell11-20
6Simpson Thacher & Bartlett11-20
7Paul Hastings11-20
8Paul, Weiss, Rifkind, Wharton & Garrison11-20
9Milbank11-20
10DLA Piper6-10
04 Demand

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.

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)
1Cahill Gordon & Reindel401-700
2Latham & Watkins251-400
3Milbank151-250
4Davis Polk & Wardwell151-250
5Simpson Thacher & Bartlett101-150
6Paul Hastings101-150
7Jones Day61-100
8White & Case61-100
9Dechert61-100
10Kirkland & Ellis61-100
05 Promotions

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.

Years from first year of practice to partner
06 Specialities

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%.

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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