Practice by city · November 2026

Capital Markets in New York: lateral monitor

Lawyers who changed firm in Capital Markets 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

152
Lateral moves, 12 monthsNovember 2025 to October 2026
+15.2%
Year on yearSettled 12-month windows
29.6%
Partner share of moves
69
Firms that hired
02 Reading the data

What the data show

In the Sartori & Partners lateral record, 152 lawyers joined a new firm in Capital Markets in New York from November 2025 to October 2026, 25.0% of the practice's moves. On settled windows the count went from 132 to 152 (+15.2%), a change inside the noise of the two counts, so we read it as flat.

Capital Markets in New York against Capital Markets, New York and the market
MeasureHereCapital MarketsNew YorkMarket
Partner share of moves29.6%31.5%28.3%27.7%
Counsel share of moves11.2%11.5%12.6%12.7%
Associate share of moves59.2%56.5%58.4%58.5%
Moved up a level13.8%15.1%11.6%12.9%
Changed city7.5%23.8%10.9%20.5%
Hired by firms of 1,000+ lawyers77.0%69.1%62.6%53.6%
Year on yearflat (+15.2%)flat (+6.7%)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 A dash is a value we do not publish.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.

Against the Capital Markets practice as a whole, the widest gap is the share who changed city, which is lower here: 7.5% against 23.8%. Set against all moves in New York, the share hired by firms of 1,000+ lawyers stands out most: 77.0% here against 62.6%, above it. Year on year it moved with the Capital Markets practice as a whole: both flat.

Capital Markets in New York: lateral moves by year

2026 runs to October.

Over the three years to October 2026, 379 lawyers moved in Capital Markets in New York, 107 of them partners (28.2%). They joined 110 different firms. 10.8% stepped up a level on the move and 10.2% changed city, against 12.3% and 21.6% across the market over the same three years. 71.2% came from firms with 1,000+ lawyers.

With partners at 29.6% of arrivals, the mix is in line with the market's 27.7%. On settled windows partner moves alone went from 39 to 47 (+20.5%), a change inside the noise of the two counts, so we read it as flat. 13.8% of movers stepped up a level when they changed firm, against 12.9% for the market.

Lateral hires in Capital Markets in New York were spread across 69 firms. The ten firms at the head of the hiring table took 41.6% of arrivals (12.9% market-wide), so hiring here is concentrated. First on the hiring table is Latham & Watkins, with arrivals in the 11-20 band.

The practice accounts for 7.3% of all lateral moves in New York. Over the three years to October 2026, 74.7% of movers came from another firm in New York itself. 7.5% of movers also changed city, against 20.5% market-wide.

There were 50 open roles in Capital Markets in New York on law-firm career pages on November 11, 2026.

For a firm planning a hire in Capital Markets in New York, 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)
1Latham & Watkins11-20
2White & Case6-10
3Simpson Thacher & Bartlett6-10
4Davis Polk & Wardwell6-10
5Loeb & Loeb3-5
6Proskauer Rose3-5
7Cooley3-5
8Milbank3-5
9Sidley Austin3-5
10Hogan Lovells Cadwalader3-5
Firms ranked by partner arrivals, three years to October 2026
RankFirmMoves (band)
1White & Case6-10
2Simpson Thacher & Bartlett3-5
3Paul, Weiss, Rifkind, Wharton & Garrison3-5
4Lowenstein Sandler3-5
5Freshfields3-5
6Michael Best & Friedrich3-5
04 Demand

Deals in Capital Markets in New York

Sartori & Partners data count 4,664 dated deals in Capital Markets in New York in the 12 months to October 2026 and 12,351 over the three years to October 2026.

Capital markets work is involved in 95.6% of them and Banking & lending in 1.5%.

By client industry, Banks & Financial Institutions comes first with 13.4%.

Davis Polk & Wardwell ranks first among advising firms over the period, in the 1,200+ 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)
1Davis Polk & Wardwell1,200+
2Latham & Watkins701-1200
3Simpson Thacher & Bartlett701-1200
4Ellenoff Grossman & Schole401-700
5Sichenzia Ross Ference Carmel401-700
6Hunton Andrews Kurth251-400
7Cravath, Swaine & Moore251-400
8Sullivan & Worcester251-400
9Cahill Gordon & Reindel251-400
10Loeb & Loeb251-400
05 Promotions

Time to partner in Capital Markets in New York

29 lawyers were promoted to partner in Capital Markets in New York in the 12 months to May 2026, 125 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 8.0 years and 12.0 years, against a market median of 10.0 years. 81.2% made partner within 12 years.

These figures rest on 117 promotions.

Years from first year of practice to partner
06 Specialities

Specialities in Capital Markets in New York

Over the three years to October 2026, Equity Offerings & IPOs was involved in 43.3% of moves in Capital Markets in New York, then Public Company Reporting with 29.8%.

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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