Practice by city · November 2026

Private Equity in London: lateral monitor

Lawyers who changed firm in Private Equity in London 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

165
Lateral moves, 12 monthsNovember 2025 to October 2026
+2.3%
Year on yearSettled 12-month windows
30.9%
Partner share of moves
54
Firms that hired
02 Reading the data

What the data show

Sartori & Partners data show 165 lateral moves in Private Equity in London from November 2025 to October 2026, 13.2% of the practice's moves. On settled 12-month windows the count showed no clear change: 175 against 171 (+2.3%). The market as a whole moved +9.0%, so this flow lagged it.

Private Equity in London against Private Equity, London and the market
MeasureHerePrivate EquityLondonMarket
Partner share of moves30.9%38.1%29.3%27.7%
Counsel share of moves9.7%11.2%9.1%12.7%
Associate share of moves58.8%50.1%60.4%58.5%
Moved up a level10.3%14.2%11.5%12.9%
Changed city10.8%21.1%15.2%20.5%
Hired by firms of 1,000+ lawyers83.5%71.6%68.5%53.6%
Year on yearflat (+2.3%)rose (+14.9%)flat (-2.5%)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 A dash is a value we do not publish.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 Private Equity practice as a whole, the share hired by firms of 1,000+ lawyers stands out most: 83.5% here against 71.6%, above it. Against all moves in London, the widest gap is the share hired by firms of 1,000+ lawyers, which is higher here: 83.5% against 68.5%. Year on year it held flat while the Private Equity practice as a whole rose.

Private Equity in London: lateral moves by year

2026 runs to October.

Over the three years to October 2026, 491 lawyers moved in Private Equity in London, 151 of them partners (30.8%). They joined 85 different firms. 12.0% stepped up a level on the move and 16.6% changed city, against 12.3% and 21.6% across the market over the same three years. 77.3% came from firms with 1,000+ lawyers.

Partners account for 30.9% of movers, near the market's 27.7%. Year on year partner moves alone held level (54 to 54 on settled windows, 0.0%). A step up in title came with 10.3% of moves (market 12.9%).

54 firms hired at least one lateral in Private Equity in London in the window. The ten firms at the head of the hiring table took 44.8% 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 12.7% of all lateral moves in London. Over the three years to October 2026, 61.5% of movers came from another firm in London itself. A change of city came with 10.8% of moves (market 20.5%).

With volume in Private Equity in London holding level, a hire depends on a specific reason to move, which a firm has to put in front of the candidate.

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 partner arrivals, three years to October 2026
RankFirmMoves (band)
1Paul, Weiss, Rifkind, Wharton & Garrison6-10
2White & Case6-10
3Akin, Gump, Strauss, Hauer & Feld6-10
4Latham & Watkins3-5
5Simmons & Simmons3-5
6Paul Hastings3-5
7DLA Piper3-5
8Freshfields3-5
9Sidley Austin3-5
10Goodwin Procter3-5
04 Demand

Deals in Private Equity in London

Sartori & Partners data count 437 dated deals in Private Equity in London in the 12 months to October 2026 and 1,181 over the three years to October 2026.

Private equity work is involved in 61.5% of them and Venture & growth in 6.0%.

By client industry, Financial Sponsors comes first with 83.7%.

Latham & Watkins 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)
1Latham & Watkins101-150
2Kirkland & Ellis61-100
3Ropes & Gray61-100
4Clifford Chance41-60
5Freshfields41-60
6Simpson Thacher & Bartlett41-60
7Willkie Farr & Gallagher21-40
8Sidley Austin21-40
9Paul, Weiss, Rifkind, Wharton & Garrison21-40
10Weil Gotshal & Manges21-40
05 Promotions

Time to partner in Private Equity in London

42 lawyers were promoted to partner in Private Equity in London in the 12 months to May 2026, 194 over five years, according to Sartori & Partners data.

The median time from first year of practice to partner is 9.0 years, with the middle half between 8.0 years and 11.0 years, against a market median of 10.0 years. 92.1% made partner within 12 years.

These figures rest on 127 promotions.

Years from first year of practice to partner
06 Specialities

Specialities in Private Equity in London

Over the three years to October 2026, Buyouts was involved in 38.7% of moves in Private Equity in London, then Growth & Minority Investments with 13.2%.

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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