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.

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01 The numbers

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
02 Reading the data

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%.

Restructuring & Insolvency lateral moves by year

2026 runs to October.

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.

Moves by month, last 24 months
8424
Nov 24Oct 25Oct 26

Latest: 52 in Oct 26

Show the numbers
MonthValue
Nov 2436
Dec 2424
Jan 2584
Feb 2554
Mar 2560
Apr 2547
May 2557
Jun 2564
Jul 2546
Aug 2543
Sep 2570
Oct 2556
Nov 2548
Dec 2530
Jan 2675
Feb 2673
Mar 2664
Apr 2655
May 2655
Jun 2666
Jul 2662
Aug 2660
Sep 2658
Oct 2652

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.

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.

Destination cities, share of moves, 12 months

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.

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, 12 months
RankFirmMoves (band)
1Willkie Farr & Gallagher6-10
2King & Spalding6-10
3Simpson Thacher & Bartlett6-10
4Ropes & Gray6-10
5Spencer Fane3-5
6Dechert3-5
7McDermott Will & Schulte3-5
8Ashurst Perkins Coie3-5
9DLA Piper3-5
10Latham & Watkins3-5
04 Explore

Related monitors and reports

Restructuring & Insolvency by city

Overlapping practices

Reports

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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