Practice by city · November 2026
Restructuring & Insolvency in London: lateral monitor
Lawyers who changed firm in Restructuring & Insolvency in London over the last 12 months, set against the practice and the city as a whole.
The last 12 months: November 2025 to October 2026
- 95
- Lateral moves, 12 monthsNovember 2025 to October 2026
- +24.4%
- Year on yearSettled 12-month windows
- 43.2%
- Partner share of moves
- 56
- Firms that hired
What the data show
Sartori & Partners data show 95 lateral moves in Restructuring & Insolvency in London from November 2025 to October 2026, 13.6% of the practice's moves. On settled windows the count went from 78 to 97 (+24.4%), a change inside the noise of the two counts, so we read it as flat.
| Measure | Here | Restructuring & Insolvency | London | Market |
|---|---|---|---|---|
| Partner share of moves | 43.2% | 41.5% | 29.3% | 27.7% |
| Counsel share of moves | 15.8% | 14.6% | 9.1% | 12.7% |
| Associate share of moves | 41.1% | 43.3% | 60.4% | 58.5% |
| Moved up a level | 17.9% | 16.5% | 11.5% | 12.9% |
| Changed city | 7.6% | 17.8% | 15.2% | 20.5% |
| Hired by firms of 1,000+ lawyers | 74.2% | 56.2% | 68.5% | 53.6% |
| Year on year | flat (+24.4%) | rose (+10.0%) | 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 A dash is a value we do not publish.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 Restructuring & Insolvency practice as a whole, the share hired by firms of 1,000+ lawyers stands out most: 74.2% here against 56.2%, above it. Against all moves in London, the widest gap is the associate share, which is lower here: 41.1% against 60.4%. Year on year it held flat while the Restructuring & Insolvency practice as a whole rose.
Over the three years to October 2026, 248 lawyers moved in Restructuring & Insolvency in London, 101 of them partners (40.7%). They joined 98 different firms. 13.3% stepped up a level on the move and 7.1% changed city, against 12.3% and 21.6% across the market over the same three years. 80.1% came from firms with 1,000+ lawyers.
- Partner43.2%
- Counsel15.8%
- Associate41.1%
Partners make up 43.2% of arrivals, against 27.7% across the market: a partner-heavy flow. On settled windows partner moves alone went from 33 to 40 (+21.2%), a change inside the noise of the two counts, so we read it as flat. 17.9% of movers stepped up a level when they changed firm, against 12.9% for the market.
- 1,000+ lawyers74.2%
- 400-999 lawyers17.2%
- under 150 lawyers7.5%
Lateral hires in Restructuring & Insolvency in London were spread across 56 firms. The ten firms at the head of the hiring table took 42.1% of arrivals (12.9% market-wide), so hiring here is concentrated. Sullivan & Cromwell ranks first by lateral arrivals, in the 6-10 band.
- 1,000+ lawyers80.1%
- 400-999 lawyers13.1%
- under 150 lawyers5.5%
The practice accounts for 7.3% of all lateral moves in London. Over the three years to October 2026, 68.1% of movers came from another firm in London itself. A change of city came with 7.6% of moves (market 20.5%).
With volume in Restructuring & Insolvency in London holding level, a hire depends on a specific reason to move, which a firm has to put in front of the candidate.
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 | Sullivan & Cromwell | 6-10 |
| 2 | Akin, Gump, Strauss, Hauer & Feld | 6-10 |
| 3 | Paul Hastings | 3-5 |
| 4 | Gibson, Dunn & Crutcher | 3-5 |
| 5 | Proskauer Rose | 3-5 |
| 6 | Milbank | 3-5 |
| 7 | Willkie Farr & Gallagher | 3-5 |
Deals in Restructuring & Insolvency in London
Sartori & Partners data count 129 dated deals in Restructuring & Insolvency in London in the 12 months to October 2026 and 362 over the three years to October 2026.
Restructuring & insolvency work is involved in 70.4% of them and M&A in 8.0%.
By client industry, Consumer Goods & Retail comes first with 9.9%.
Kirkland & Ellis ranks first among advising firms over the period, in the 21-40 band.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Kirkland & Ellis | 21-40 |
| 2 | Milbank | 21-40 |
| 3 | Linklaters | 11-20 |
| 4 | Latham & Watkins | 11-20 |
| 5 | Sidley Austin | 11-20 |
| 6 | A&O Shearman | 11-20 |
| 7 | Ropes & Gray | 11-20 |
| 8 | Freshfields | 11-20 |
| 9 | White & Case | 11-20 |
| 10 | Davis Polk & Wardwell | 11-20 |
Time to partner in Restructuring & Insolvency in London
77 lawyers were promoted to partner in Restructuring & Insolvency in London over five years, according to Sartori & Partners data.
The median time from first year of practice to partner is 11.0 years, with the middle half between 9.0 years and 13.5 years, against a market median of 10.0 years. 72.3% made partner within 12 years.
These figures rest on 47 promotions.
Specialities in Restructuring & Insolvency in London
Over the three years to October 2026, Corporate Restructuring was involved in 52.4% of moves in Restructuring & Insolvency in London, then Creditors' Rights & Collections with 18.1%.
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Restructuring & Insolvency 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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