Restructuring & Insolvency · speciality monitor
Corporate Restructuring: lateral monitor
Lawyers whose work centers on Corporate Restructuring and who changed firm over the last 12 months, set against the Restructuring & Insolvency practice and the market.
The last 12 months: November 2025 to October 2026
- 289
- Lateral moves, 12 monthsNovember 2025 to October 2026
- -9.7%
- Year on yearSettled 12-month windows
- 45.0%
- Partner share of moves
- 140
- Firms that hired
What the data show
In the Sartori & Partners lateral record, 289 lawyers joined a new firm in Corporate Restructuring from November 2025 to October 2026. On settled windows the count went from 318 to 287 (-9.7%), a change inside the noise of the two counts, so we read it as flat.
| Measure | Here | Restructuring & Insolvency | Market |
|---|---|---|---|
| Partner share of moves | 45.0% | 41.5% | 27.7% |
| Counsel share of moves | 14.5% | 14.6% | 12.7% |
| Associate share of moves | 40.5% | 43.3% | 58.5% |
| Moved up a level | 15.9% | 16.5% | 12.9% |
| Changed city | 18.5% | 17.8% | 20.5% |
| Hired by firms of 1,000+ lawyers | 59.5% | 56.2% | 53.6% |
| Year on year | flat (-9.7%) | rose (+10.0%) | 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 A dash is a value we do not publish.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 partner share stands out most: 45.0% here against 41.5%, above it. Year on year it held flat while the Restructuring & Insolvency practice as a whole rose.
Over the three years to October 2026, 861 lawyers moved in Corporate Restructuring, 351 of them partners (40.8%). They joined 252 different firms. 13.2% stepped up a level on the move and 17.2% changed city, against 12.3% and 21.6% across the market over the same three years. 67.2% came from firms with 1,000+ lawyers.
Latest: 30 in Sep 26
Show the numbers
| Month | Value |
|---|---|
| Jan 25 | 36 |
| Feb 25 | 30 |
| Mar 25 | 31 |
| Apr 25 | 28 |
| May 25 | 26 |
| Jun 25 | 37 |
| Aug 25 | 22 |
| Sep 25 | 32 |
| Nov 25 | 20 |
| Jan 26 | 26 |
| Feb 26 | 31 |
| Mar 26 | 24 |
| Apr 26 | 25 |
| May 26 | 27 |
| Jun 26 | 25 |
| Jul 26 | 30 |
| Aug 26 | 21 |
| Sep 26 | 30 |
The newest months read low: start dates are confirmed with a delay.
At 45.0%, the partner share of arrivals sits above the market's 27.7%. On settled 12-month windows partner moves alone showed no clear change: 127 against 123 (+3.3%). 15.9% of movers stepped up a level when they changed firm, against 12.9% for the market.
- Partner45.0%
- Counsel14.5%
- Associate40.5%
140 firms hired at least one lateral in Corporate Restructuring in the window. Ten firms account for 24.3% 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.
By city, New York comes first (26.6% of arrivals), then London (17.0%). 18.5% of movers also changed city, against 20.5% market-wide.
- 1,000+ lawyers67.2%
- 400-999 lawyers17.0%
- 150-399 lawyers6.4%
- under 150 lawyers9.4%
There were 79 open roles in Corporate Restructuring on law-firm career pages on November 11, 2026.
With volume in Corporate Restructuring 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 | Latham & Watkins | 11-20 |
| 2 | Gibson, Dunn & Crutcher | 6-10 |
| 3 | Ropes & Gray | 6-10 |
| 4 | Willkie Farr & Gallagher | 6-10 |
| 5 | Akin, Gump, Strauss, Hauer & Feld | 6-10 |
| 6 | Dechert | 6-10 |
| 7 | McDermott Will & Schulte | 6-10 |
| 8 | Katten Muchin Rosenman | 3-5 |
| 9 | Dentons | 3-5 |
| 10 | Ashurst Perkins Coie | 3-5 |
| Rank | Firm | Moves (band) |
|---|---|---|
| 1 | Willkie Farr & Gallagher | 6-10 |
| 2 | Ropes & Gray | 3-5 |
| 3 | Dechert | 3-5 |
| 4 | McDermott Will & Schulte | 3-5 |
| 5 | Katten Muchin Rosenman | 3-5 |
| 6 | Dentons | 3-5 |
| 7 | Connell Foley | 3-5 |
| 8 | Ashurst Perkins Coie | 3-5 |
| 9 | Akin, Gump, Strauss, Hauer & Feld | 3-5 |
| 10 | GrayRobinson | 3-5 |
Deals in Corporate Restructuring
Sartori & Partners data count 494 dated deals in Corporate Restructuring in the 12 months to October 2026 and 1,464 over the three years to October 2026.
Restructuring & insolvency work is involved in 87.6% of them and Disputes & investigations in 5.5%.
By client industry, Consumer Goods & Retail comes first with 9.4%.
White & Case ranks first among advising firms over the period, in the 61-100 band.
| Rank | Firm | Deals (band) |
|---|---|---|
| 1 | White & Case | 61-100 |
| 2 | Davis Polk & Wardwell | 61-100 |
| 3 | Latham & Watkins | 61-100 |
| 4 | Kirkland & Ellis | 41-60 |
| 5 | Sidley Austin | 41-60 |
| 6 | Willkie Farr & Gallagher | 41-60 |
| 7 | Linklaters | 41-60 |
| 8 | Brown Rudnick | 41-60 |
| 9 | Weil Gotshal & Manges | 21-40 |
| 10 | Lowenstein Sandler | 21-40 |
Time to partner in Corporate Restructuring
70 lawyers were promoted to partner in Corporate Restructuring in the 12 months to May 2026, 376 over five years, according to Sartori & Partners data.
The median time from first year of practice to partner is 10.0 years, with the middle half between 9.0 years and 13.0 years, against a market median of 10.0 years. 73.4% made partner within 12 years.
These figures rest on 278 promotions.
Related monitors and reports
Other specialities in Restructuring & Insolvency
Hiring in this market
Reports
- Corporate Restructuring Buys Its Partners Rather Than Making Them
Corporate restructuring fills its partner bench by hiring. Its practice promotes 0.47 partners per lateral partner, the lowest of any practice, against 0.79 market-wide, and partners are 45.0% of its laterals.
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].
For law firm leaders
Planning a partner hire in this market?
We run retained partner searches using the same data behind this page.