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.

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01 The numbers

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
02 Reading the data

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%.

Corporate & M&A in Toronto against Corporate & M&A, Toronto and the market
MeasureHereCorporate & M&ATorontoMarket
Partner share of moves40.0%29.9%24.6%27.7%
Counsel share of moves (three years)7.3%10.2%7.8%12.1%
Associate share of moves52.5%57.7%62.3%58.5%
Moved up a level15.0%12.4%10.1%12.9%
Changed city (three years)19.3%22.5%14.0%21.6%
Hired by firms of 1,000+ lawyers28.9%62.6%38.2%53.6%
Year on yearrose (+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 A dash is a value we do not publish.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.

Corporate & M&A in Toronto: lateral moves by year

2026 runs to October.

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.

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%).

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.

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.

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, three years to October 2026
RankFirmMoves (band)
1Miller Thomson6-10
2Borden Ladner Gervais6-10
3Torys6-10
4Stikeman Elliott6-10
5Blake Cassels & Graydon6-10
6McCarthy Tétrault6-10
7Gowling WLG6-10
8DLA Piper3-5
9Baker McKenzie3-5
10Osler Hoskin & Harcourt3-5
Firms ranked by partner arrivals, three years to October 2026
RankFirmMoves (band)
1Miller Thomson6-10
2Gowling WLG3-5
3Mintz, Levin, Cohn, Ferris, Glovsky and Popeo3-5
4McCarthy Tétrault3-5
04 Demand

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.

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)
1Fasken Martineau DuMoulin101-150
2Miller Thomson61-100
3Aird & Berlis LLP41-60
4Davies Ward Phillips & Vineberg21-40
5Borden Ladner Gervais21-40
6Gowling WLG21-40
7DLA Piper21-40
8Stikeman Elliott21-40
9Norton Rose Fulbright21-40
10A&O Shearman11-20
05 Promotions

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.

Years from first year of practice to partner
06 Specialities

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.

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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