Practice monitor · November 2026
Restructuring & Insolvency: lateral market monitor
Lawyers who changed firm in Restructuring & Insolvency 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
- 698
- Lateral moves, 12 monthsNovember 2025 to October 2026
- +10.0%
- Year on yearSettled 12-month windows
- 41.5%
- Partner share of moves
- 280
- Firms that hired
What the data show
In the Sartori & Partners lateral record, 698 lawyers joined a new firm in Restructuring & Insolvency from November 2025 to October 2026, 5.0% of all lateral moves we tracked. On settled windows the count went from 638 to 702, up 10.0% year on year. It tracks the market's own change of +9.0%.
This is a partner market: 41.5% of movers were partners, against 27.7% market-wide. Year on year, on windows that end a month early, partner moves alone grew 21.1% (237 to 287). 16.5% of movers stepped up a level when they changed firm, against 12.9% for the market.
Latest: 52 in Oct 26
Show the numbers
| Month | Value |
|---|---|
| Nov 24 | 36 |
| Dec 24 | 24 |
| Jan 25 | 84 |
| Feb 25 | 54 |
| Mar 25 | 60 |
| Apr 25 | 47 |
| May 25 | 57 |
| Jun 25 | 64 |
| Jul 25 | 46 |
| Aug 25 | 43 |
| Sep 25 | 70 |
| Oct 25 | 56 |
| Nov 25 | 48 |
| Dec 25 | 30 |
| Jan 26 | 75 |
| Feb 26 | 73 |
| Mar 26 | 64 |
| Apr 26 | 55 |
| May 26 | 55 |
| Jun 26 | 66 |
| Jul 26 | 62 |
| Aug 26 | 60 |
| Sep 26 | 58 |
| Oct 26 | 52 |
The newest months read low: start dates are confirmed with a delay.
280 firms hired at least one lateral in Restructuring & Insolvency in the window. Ten firms account for 17.7% of arrivals, against 12.9% across the market: moderately concentrated. First on the hiring table is Latham & Watkins, with arrivals in the 11-20 band.
- Partner41.5%
- Counsel14.6%
- Associate43.3%
New York ranks first among destination cities with 24.4% of arrivals, followed by London (13.6%). 17.8% of movers also changed city, against 20.5% market-wide.
1.0% of moves came as part of a group, against 1.5% market-wide. In-house roles drew 35 lawyers in the last 6 months, 9.9 per 100 lateral moves (market 13.1).
For a firm hiring in Restructuring & Insolvency, 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 | Latham & Watkins | 11-20 |
| 2 | Willkie Farr & Gallagher | 11-20 |
| 3 | Gibson, Dunn & Crutcher | 11-20 |
| 4 | King & Spalding | 11-20 |
| 5 | Akin, Gump, Strauss, Hauer & Feld | 11-20 |
| 6 | Paul Hastings | 6-10 |
| 7 | Simpson Thacher & Bartlett | 6-10 |
| 8 | Greenberg Traurig | 6-10 |
| 9 | McDermott Will & Schulte | 6-10 |
| 10 | Weil Gotshal & Manges | 6-10 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | Willkie Farr & Gallagher | 6-10 |
| 2 | King & Spalding | 6-10 |
| 3 | Simpson Thacher & Bartlett | 6-10 |
| 4 | Ropes & Gray | 6-10 |
| 5 | Spencer Fane | 3-5 |
| 6 | Dechert | 3-5 |
| 7 | McDermott Will & Schulte | 3-5 |
| 8 | Ashurst Perkins Coie | 3-5 |
| 9 | DLA Piper | 3-5 |
| 10 | Latham & Watkins | 3-5 |
Related monitors and reports
Restructuring & Insolvency by city
- New York170 moves
- London95 moves
- Chicago33 moves
- Dallas29 moves
- Los Angeles20 moves
Specialities in Restructuring & Insolvency
Related monitors
Other practices
- Litigation & Disputes
- Corporate & M&A
- Banking & Finance
- Employment & Labor
- Real Estate
- Private Equity
- Intellectual Property
- Product Liability & Torts
- Construction
- Tax
- 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
- Banking & Finance36.5% overlap
- Litigation & Disputes36.1% overlap
- Corporate & M&A10.5% overlap
- Real Estate10.2% overlap
- Private Equity5.2% overlap
- Capital Markets3.6% overlap
Hiring in this market
Reports
- London Restructuring Laterals: 17.9% Join at a Higher Title
London restructuring hires step up in title more often than restructuring across the market or London as a whole: 17.9% against 16.5% and 11.5%. They do it with a partner-heavy mix and rarely change city.
November 11, 2026 · November 2026 - New York Takes 24.4% of Restructuring Lateral Moves, Mostly Local
New York takes 24.4% of all restructuring lateral moves, an index of 165, rising to 178 among the city's partner moves. Partners are 45.9% of these hires against 28.3% citywide, and only 7.1% changed city.
November 11, 2026 · November 2026 - Restructuring Deals 2026: Partner Hiring Runs Ahead of the Work
Firms added restructuring partners faster than the recorded work grew: lateral partner hires rose 21.1% while the matter count held flat (-5.5%). The matters that disclose a value are large, at a median of $620 million.
November 11, 2026 · November 2026 - Restructuring Lateral Hiring 2026: Partners Are 41.5% of Moves
Restructuring is a partner market. Partners are 41.5% of its lateral moves against 27.7% market-wide, and partner moves rose 21.1%, faster than the practice as a whole, which rose 10.0%.
November 11, 2026 · November 2026 - Restructuring Path to Partner: The Practice That Buys Most Partners
Restructuring makes fewer partners per lateral hire than any other practice: 0.47 promotions for each lateral partner, against 0.79 across all practices. The track itself is not the reason: 73.0% of its partners were promoted within 12 years, close to the market's 75.4%.
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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