Practice by city · November 2026
Corporate & M&A in Toronto: lateral monitor
Lawyers who changed firm in Corporate & M&A in Toronto over the last 12 months, set against the practice and the city as a whole.
The last 12 months: November 2025 to October 2026
- 40
- Lateral moves, 12 monthsNovember 2025 to October 2026
- +51.9%
- Year on yearSettled 12-month windows
- 40.0%
- Partner share of moves
- 22
- Firms that hired
What the data show
From November 2025 to October 2026, Sartori & Partners recorded 40 lateral moves in Corporate & M&A in Toronto, 1.4% of the practice's moves. On settled windows the count went from 27 to 41, up 51.9% year on year. It outpaced the market's own change of +9.0%.
| Measure | Here | Corporate & M&A | Toronto | Market |
|---|---|---|---|---|
| Partner share of moves | 40.0% | 29.9% | 24.6% | 27.7% |
| Counsel share of moves (three years) | 7.3% | 10.2% | 7.8% | 12.1% |
| Associate share of moves | 52.5% | 57.7% | 62.3% | 58.5% |
| Moved up a level | 15.0% | 12.4% | 10.1% | 12.9% |
| Changed city (three years) | 19.3% | 22.5% | 14.0% | 21.6% |
| Hired by firms of 1,000+ lawyers | 28.9% | 62.6% | 38.2% | 53.6% |
| Year on year | rose (+51.9%) | rose (+15.8%) | flat (+18.4%) | 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 A dash is a value we do not publish.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 Corporate & M&A practice as a whole, the share hired by firms of 1,000+ lawyers stands out most: 28.9% here against 62.6%, below it. Set against all moves in Toronto, the partner share stands out most: 40.0% here against 24.6%, above it. Year on year it moved with the Corporate & M&A practice as a whole: both rose.
Over the three years to October 2026, 96 lawyers moved in Corporate & M&A in Toronto, 39 of them partners (40.6%). They joined 25 different firms. 11.5% stepped up a level on the move and 19.3% changed city, against 12.3% and 21.6% across the market over the same three years. 37.9% came from firms with 1,000+ lawyers.
- Partner40.0%
- Associate52.5%
Partners make up 40.0% of arrivals, against 27.7% across the market: a partner-heavy flow. A step up in title came with 15.0% of moves (market 12.9%).
- 1,000+ lawyers28.9%
- 400-999 lawyers52.6%
- under 150 lawyers13.2%
The 12-month firm table is below our naming threshold, so this part reads the three years to October 2026. 25 firms hired at least one lateral in Corporate & M&A in Toronto in the window. The ten firms at the head of the hiring table took 66.3% of arrivals (12.2% market-wide), so hiring here is concentrated. First on the hiring table is Miller Thomson, with arrivals in the 6-10 band.
- 1,000+ lawyers37.9%
- 400-999 lawyers47.1%
- 150-399 lawyers5.7%
- under 150 lawyers9.2%
The practice accounts for 29.0% of all lateral moves in Toronto. Over the three years to October 2026, 69.8% of movers came from another firm in Toronto itself.
For a firm hiring in Corporate & M&A in Toronto, 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 | Miller Thomson | 6-10 |
| 2 | Borden Ladner Gervais | 6-10 |
| 3 | Torys | 6-10 |
| 4 | Stikeman Elliott | 6-10 |
| 5 | Blake Cassels & Graydon | 6-10 |
| 6 | McCarthy Tétrault | 6-10 |
| 7 | Gowling WLG | 6-10 |
| 8 | DLA Piper | 3-5 |
| 9 | Baker McKenzie | 3-5 |
| 10 | Osler Hoskin & Harcourt | 3-5 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | Miller Thomson | 6-10 |
| 2 | Gowling WLG | 3-5 |
| 3 | Mintz, Levin, Cohn, Ferris, Glovsky and Popeo | 3-5 |
| 4 | McCarthy Tétrault | 3-5 |
Deals in Corporate & M&A in Toronto
Sartori & Partners data count 239 dated deals in Corporate & M&A in Toronto in the 12 months to October 2026 and 544 over the three years to October 2026.
M&A work is involved in 83.1% of them and Venture & growth in 5.1%.
By client industry, Mining & Metals comes first with 17.1%.
Fasken Martineau DuMoulin ranks first among advising firms over the period, in the 101-150 band.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Fasken Martineau DuMoulin | 101-150 |
| 2 | Miller Thomson | 61-100 |
| 3 | Aird & Berlis LLP | 41-60 |
| 4 | Davies Ward Phillips & Vineberg | 21-40 |
| 5 | Borden Ladner Gervais | 21-40 |
| 6 | Gowling WLG | 21-40 |
| 7 | DLA Piper | 21-40 |
| 8 | Stikeman Elliott | 21-40 |
| 9 | Norton Rose Fulbright | 21-40 |
| 10 | A&O Shearman | 11-20 |
Time to partner in Corporate & M&A in Toronto
25 lawyers were promoted to partner in Corporate & M&A in Toronto in the 12 months to May 2026, 105 over five years, according to Sartori & Partners data.
The median time from first year of practice to partner is 8.0 years, with the middle half between 7.0 years and 9.0 years, against a market median of 10.0 years. 96.7% made partner within 12 years.
These figures rest on 61 promotions.
Specialities in Corporate & M&A in Toronto
Over the three years to October 2026, Private M&A was involved in 42.7% of moves in Corporate & M&A in Toronto.
Related monitors and reports
Other practices in Toronto
Corporate & M&A 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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