Practice monitor · November 2026
Corporate & M&A: lateral market monitor
Lawyers who changed firm in Corporate & M&A over the last 12 months: how many, at what level, where they went and which firms hired them.
The last 12 months: November 2025 to October 2026
- 2,910
- Lateral moves, 12 monthsNovember 2025 to October 2026
- +15.8%
- Year on yearSettled 12-month windows
- 29.9%
- Partner share of moves
- 539
- Firms that hired
What the data show
Sartori & Partners data show 2,910 lateral moves in Corporate & M&A from November 2025 to October 2026, 20.7% of all lateral moves we tracked. Year on year, on windows that end a month early, the count grew 15.8% (2,532 to 2,933). The market as a whole moved +9.0%, so this flow outpaced it.
Partners account for 29.9% of movers, near the market's 27.7%. On settled windows partner moves alone went from 778 to 873, up 12.2% year on year. A step up in title came with 12.4% of moves (market 12.9%).
Latest: 211 in Oct 26
Show the numbers
| Month | Value |
|---|---|
| Nov 24 | 159 |
| Dec 24 | 93 |
| Jan 25 | 312 |
| Feb 25 | 221 |
| Mar 25 | 222 |
| Apr 25 | 196 |
| May 25 | 211 |
| Jun 25 | 218 |
| Jul 25 | 186 |
| Aug 25 | 182 |
| Sep 25 | 319 |
| Oct 25 | 234 |
| Nov 25 | 191 |
| Dec 25 | 102 |
| Jan 26 | 281 |
| Feb 26 | 230 |
| Mar 26 | 308 |
| Apr 26 | 229 |
| May 26 | 259 |
| Jun 26 | 291 |
| Jul 26 | 242 |
| Aug 26 | 222 |
| Sep 26 | 344 |
| Oct 26 | 211 |
The newest months read low: start dates are confirmed with a delay.
539 firms hired at least one lateral in Corporate & M&A in the window. The ten firms at the head of the hiring table took 21.6% of arrivals (12.9% market-wide), so hiring here is moderately concentrated. First on the hiring table is Kirkland & Ellis, with arrivals in the 61-100 band.
- Partner29.9%
- Counsel11.3%
- Associate57.7%
New York ranks first among destination cities with 17.3% of arrivals, followed by London (10.4%). 21.2% of movers also changed city, against 20.5% market-wide.
0.2% of moves came as part of a group, against 1.5% market-wide. In-house roles drew 316 lawyers in the last 6 months, 20.1 per 100 lateral moves (market 13.1).
Volume in Corporate & M&A is rising with a mix close to the market, so timing matters more than the level you hire at.
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 | Kirkland & Ellis | 61-100 |
| 2 | DLA Piper | 61-100 |
| 3 | Simpson Thacher & Bartlett | 61-100 |
| 4 | Latham & Watkins | 61-100 |
| 5 | White & Case | 41-60 |
| 6 | Greenberg Traurig | 41-60 |
| 7 | Cooley | 41-60 |
| 8 | Gibson, Dunn & Crutcher | 41-60 |
| 9 | Willkie Farr & Gallagher | 21-40 |
| 10 | Paul, Weiss, Rifkind, Wharton & Garrison | 21-40 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | White & Case | 21-40 |
| 2 | DLA Piper | 21-40 |
| 3 | Simpson Thacher & Bartlett | 21-40 |
| 4 | Greenberg Traurig | 21-40 |
| 5 | Kirkland & Ellis | 11-20 |
| 6 | Paul, Weiss, Rifkind, Wharton & Garrison | 11-20 |
| 7 | Reed Smith | 11-20 |
| 8 | Holland & Knight | 11-20 |
| 9 | Latham & Watkins | 11-20 |
| 10 | Willkie Farr & Gallagher | 11-20 |
Related monitors and reports
Corporate & M&A by city
- New York504 moves
- London304 moves
- Chicago119 moves
- San Francisco105 moves
- Boston95 moves
- Houston92 moves
- Los Angeles89 moves
- Washington, DC85 moves
- Dallas73 moves
- Paris67 moves
- Miami48 moves
- Munich45 moves
- Toronto40 moves
- Denver38 moves
- Hong Kong37 moves
- Frankfurt36 moves
- Montreal33 moves
- Milan32 moves
- Nashville32 moves
- Philadelphia32 moves
- Sydney30 moves
- Singapore27 moves
- Atlanta25 moves
- Austin23 moves
- Cleveland22 moves
- Tokyo20 moves
Specialities in Corporate & M&A
Related monitors
Other practices
- Litigation & Disputes
- Banking & Finance
- Employment & Labor
- Real Estate
- Private Equity
- Intellectual Property
- Product Liability & Torts
- Construction
- Tax
- Restructuring & Insolvency
- Insurance & Reinsurance
- Capital Markets
- Funds & Investment Management
- Technology, Data & Privacy
- Projects & Infrastructure
- White Collar, Investigations & Criminal
- Health Care
- Antitrust & Competition
- Regulatory & Compliance
- Environment & Sustainability
- Private Client & Estates
- Public Law & Government
- Pensions, Benefits & Executive Compensation
- Financial Services Regulatory
- International Arbitration & Public International Law
- Immigration
- Commercial Contracts
- International Trade & National Security
- Shipping & Maritime
- Family
Overlapping practices
- Private Equity38.2% overlap
- Banking & Finance12.5% overlap
- Capital Markets11.9% overlap
- Real Estate6.9% overlap
- Tax6.4% overlap
- Funds & Investment Management6.4% overlap
- Projects & Infrastructure4.4% overlap
- Litigation & Disputes4.3% overlap
Hiring in this market
Reports
- Boston M&A Lateral Hiring Runs Through Firms of 1,000+ Lawyers
Boston corporate and M&A laterals join the largest firms far more often than M&A laterals elsewhere or Boston laterals in general. The pattern holds over 3 years, and the deal work behind it leans on biotech, software and venture clients.
November 11, 2026 · November 2026 - Chicago M&A Lateral Hiring Rose 49.4% While the City Held Flat
Corporate and M&A hiring in Chicago rose 49.4% on the year, ahead of the practice as a whole and of a city where total hiring held flat. Partner moves into Chicago M&A rose 61.9%, from 21 to 34.
November 11, 2026 · November 2026 - Corporate M&A Deals in 2026: 74.6% M&A, Tech the Largest Client
M&A is 74.6% of corporate deal work and technology is the largest client sector at 14.0%, 2.1 times its share of all deals. Corporate deals rose 9.5% while corporate lateral hiring rose 15.8%: firms are hiring ahead of the work.
November 11, 2026 · November 2026 - Corporate M&A Lateral Hiring Rose 15.8%, Faster Than the Market
Corporate and M&A lateral hiring rose 15.8% against 9.0% for the whole market, and partner hiring kept pace at 12.2%. The practice also sends more of its lawyers in-house than litigation does.
November 11, 2026 · November 2026 - Corporate M&A Path to Partner: Fast Track, Thin Pipeline
Corporate and M&A promotes faster than the market, with a median of 9.0 years to partner against 10.0 years, yet makes only 0.75 partners for each lateral partner it hires. Since May 2026 its moves to companies have equaled 20.1% of its lateral moves, drawn from the bench those promotions need.
November 11, 2026 · November 2026 - Dallas M&A Laterals Skew to Partners Who Arrive Already Made
Dallas takes an ordinary share of corporate and M&A lateral moves but an outsized share of the M&A partners who move. Those partners mostly held the title before they changed firms: few Dallas M&A laterals stepped up on the way in.
November 11, 2026 · November 2026 - Houston M&A Is Energy M&A: Oil and Gas on 28.5% of Deals
Oil and gas clients sit on 28.5% of Houston M&A deals over 3 years, 9.5 times their share of the practice's deals over 12 months. Houston M&A lateral hiring rose 51.7%, in step with the city.
November 11, 2026 · November 2026 - London M&A Is an Associate Market: 63.5% of Lateral Moves
London Corporate and M&A hiring runs on associates: 63.5% of lateral moves, against 57.7% for the practice as a whole and 60.4% for London. Counsel are only 8.2% of moves, and just 9.2% brought a step up in title.
November 11, 2026 · November 2026 - Los Angeles M&A Partner Track: Faster Than the City Around It
Los Angeles M&A lawyers reach partner sooner than the city's lawyers overall: 31.8% made it within 8 years, against 18.3% across Los Angeles and 29.5% across the M&A practice. The city's slow partner track is not an M&A problem.
November 11, 2026 · November 2026 - New York M&A Lateral Hiring: Ten Firms Take 35.5% of Moves
A short list of large firms does most of the lateral buying in New York M&A. The ten most active hirers took 35.5% of moves, against 21.6% for the practice as a whole and 21.5% for New York, and firms of 1,000+ lawyers took 73.7%.
November 11, 2026 · November 2026 - Paris M&A Hiring Fell 29.7% as the Practice Rose 15.8%
Corporate and M&A lateral hiring in Paris dropped to 71 moves from 101 while the practice grew market-wide. The deal work did not go away: Paris M&A lawyers were on 652 deals in 12 months.
November 11, 2026 · November 2026 - San Francisco M&A Hiring: Venture Deals Are 24.3% of the Work
San Francisco M&A lawyers do venture work at a rate New York does not approach: venture and growth deals are 24.3% of their deals over 3 years, against 7.5% in New York M&A, and technology clients sit on 31.3% of them against 15.3%.
November 11, 2026 · November 2026 - Washington M&A Partner Hires Stayed at 31 While the City's Rose
Partner hiring in Washington corporate and M&A stood still at 31 lateral partners against 31 a year earlier, while partner hiring across Washington rose 18.2% and across M&A rose 12.2%. Most of the city's partner demand sits in litigation, investigations and government work.
November 11, 2026 · November 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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