Banking & Finance · speciality monitor
Asset Finance: lateral monitor
Lawyers whose work centers on Asset Finance and who changed firm over the last 12 months, set against the Banking & Finance practice and the market.
The last 12 months: November 2025 to October 2026
- 72
- Lateral moves, 12 monthsNovember 2025 to October 2026
- +43.6%
- Year on yearSettled 12-month windows
- 36.1%
- Partner share of moves
- 34
- Firms that hired
What the data show
In the Sartori & Partners lateral record, 72 lawyers joined a new firm in Asset Finance from November 2025 to October 2026. On settled windows the count went from 55 to 79, up 43.6% year on year. The market as a whole moved +9.0%, so this flow outpaced it.
| Measure | Here | Banking & Finance | Market |
|---|---|---|---|
| Partner share of moves | 36.1% | 30.8% | 27.7% |
| Counsel share of moves | 8.3% | 12.7% | 12.7% |
| Associate share of moves | 55.6% | 55.8% | 58.5% |
| Moved up a level | 12.5% | 13.1% | 12.9% |
| Changed city | 13.7% | 20.4% | 20.5% |
| Hired by firms of 1,000+ lawyers | 48.6% | 63.8% | 53.6% |
| Year on year | rose (+43.6%) | rose (+14.1%) | 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 A dash is a value we do not publish.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.
Against the Banking & Finance practice as a whole, the widest gap is the share hired by firms of 1,000+ lawyers, which is lower here: 48.6% against 63.8%. Year on year it moved with the Banking & Finance practice as a whole: both rose.
Over the three years to October 2026, 208 lawyers moved in Asset Finance, 71 of them partners (34.1%). They joined 69 different firms. 14.9% stepped up a level on the move and 22.2% changed city, against 12.3% and 21.6% across the market over the same three years. 54.2% came from firms with 1,000+ lawyers.
- Partner36.1%
- Counsel8.3%
- Associate55.6%
This is a partner market: 36.1% of movers were partners, against 27.7% market-wide. On settled windows partner moves alone went from 22 to 28 (+27.3%), a change inside the noise of the two counts, so we read it as flat. A step up in title came with 12.5% of moves (market 12.9%).
- 1,000+ lawyers48.6%
- 400-999 lawyers40.3%
- 150-399 lawyers11.1%
34 firms hired at least one lateral in Asset Finance in the window. The ten firms at the head of the hiring table took 61.1% of arrivals (12.9% market-wide), so hiring here is concentrated. Stephenson Harwood ranks first by lateral arrivals, in the 6-10 band.
- 1,000+ lawyers54.2%
- 400-999 lawyers24.9%
- 150-399 lawyers12.4%
- under 150 lawyers8.5%
London ranks first among destination cities with 33.3% of arrivals. 13.7% of movers also changed city, against 20.5% market-wide.
There were 22 open roles in Asset Finance on law-firm career pages on November 11, 2026.
For a firm hiring in Asset Finance, 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 | Stephenson Harwood | 6-10 |
| 2 | Norton Rose Fulbright | 6-10 |
| 3 | Pillsbury Winthrop Shaw Pittman | 6-10 |
| 4 | Gibson, Dunn & Crutcher | 3-5 |
| 5 | Holman Fenwick Willan | 3-5 |
| 6 | Milbank | 3-5 |
| 7 | Seward & Kissel | 3-5 |
| 8 | A&O Shearman | 3-5 |
| 9 | Smith Gambrell & Russell | 3-5 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | Stephenson Harwood | 6-10 |
| 2 | Keystone Law | 3-5 |
| 3 | Reed Smith | 3-5 |
| 4 | Hill Dickinson | 3-5 |
| 5 | Seward & Kissel | 3-5 |
| 6 | Holman Fenwick Willan | 3-5 |
Deals in Asset Finance
Sartori & Partners data count 68 dated deals in Asset Finance in the 12 months to October 2026 and 214 over the three years to October 2026.
Banking & lending work is involved in 51.4% of them and Project & infrastructure finance in 13.1%.
By client industry, Banks & Financial Institutions comes first with 30.4%.
Watson Farley & Williams ranks first among advising firms over the period, in the 41-60 band.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | Watson Farley & Williams | 41-60 |
| 2 | Stephenson Harwood | 21-40 |
| 3 | Clifford Chance | 11-20 |
| 4 | Latham & Watkins | 6-10 |
| 5 | Vedder | 6-10 |
| 6 | Milbank | 6-10 |
| 7 | K & L Gates | 6-10 |
| 8 | Dentons | 6-10 |
| 9 | Herbert Smith Freehills Kramer | 6-10 |
| 10 | Taylor Wessing | 3-5 |
Time to partner in Asset Finance
83 lawyers were promoted to partner in Asset Finance 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 13.0 years, against a market median of 10.0 years. 69.8% made partner within 12 years.
These figures rest on 63 promotions.
Related monitors and reports
Other specialities in Banking & Finance
Hiring in this market
Reports
- Asset Finance Lawyers: Aircraft, Ships and London in 2026
Asset finance is transport work as much as bank work: aviation clients appear in 22.4% of the speciality's matters, transportation in 15.4% and shipping in 12.6%, beside banks at 30.4%. Lateral hiring rose 43.6%, and London's share of moves indexes at 360 against the market.
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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