Funds & Investment Management · speciality monitor

Registered Funds: lateral monitor

Lawyers whose work centers on Registered Funds and who changed firm over the last 12 months, set against the Funds & Investment Management practice and the market.

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01 The numbers

The last 12 months: November 2025 to October 2026

36
Lateral moves, 12 monthsNovember 2025 to October 2026
+53.8%
Year on yearSettled 12-month windows
47.2%
Partner share of moves
28
Firms that hired
02 Reading the data

What the data show

From November 2025 to October 2026, Sartori & Partners recorded 36 lateral moves in Registered Funds. Year on year, on windows that end a month early, the count grew 53.8% (26 to 40). That runs ahead of the wider market, which moved +9.0%.

Registered Funds against Funds & Investment Management and the market
MeasureHereFunds & Investment ManagementMarket
Partner share of moves47.2%36.7%27.7%
Counsel share of moves16.7%11.1%12.7%
Associate share of moves36.1%51.7%58.5%
Moved up a level16.7%11.4%12.9%
Changed city (three years)19.3%19.7%21.6%
Hired by firms of 1,000+ lawyers75.0%75.8%53.6%
Year on yearrose (+53.8%)rose (+23.7%)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 A dash is a value we do not publish.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 Funds & Investment Management practice as a whole, the widest gap is the associate share, which is lower here: 36.1% against 51.7%. Year on year it moved with the Funds & Investment Management practice as a whole: both rose.

Registered Funds: lateral moves by year

2026 runs to October.

Over the three years to October 2026, 89 lawyers moved in Registered Funds, 42 of them partners (47.2%). They joined 47 different firms. 10.1% stepped up a level on the move and 19.3% changed city, against 12.3% and 21.6% across the market over the same three years. 81.9% came from firms with 1,000+ lawyers.

This is a partner market: 47.2% of movers were partners, against 27.7% market-wide. A step up in title came with 16.7% of moves (market 12.9%).

The 12-month firm table is below our naming threshold, so this part reads the three years to October 2026. 47 firms hired at least one lateral in Registered Funds in the window. The ten firms at the head of the hiring table took 52.8% of arrivals (12.2% market-wide), so hiring here is concentrated. First on the hiring table is Simpson Thacher & Bartlett, with arrivals in the 6-10 band.

City figures here cover the three years to October 2026. Washington, DC ranks first among destination cities with 27.0% of arrivals.

There were 46 open roles in Registered Funds on law-firm career pages on November 11, 2026.

A firm recruiting in Registered Funds is buying into a rising, partner-heavy flow, so the strongest candidates will hear from more than one firm.

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 lateral arrivals, three years to October 2026
RankFirmMoves (band)
1Simpson Thacher & Bartlett6-10
2Dechert6-10
3K & L Gates6-10
4Ropes & Gray3-5
5Morgan, Lewis & Bockius3-5
6Faegre Drinker Biddle & Reath3-5
7Greenberg Traurig3-5
8Willkie Farr & Gallagher3-5
9Kirkland & Ellis3-5
Firms ranked by partner arrivals, three years to October 2026
RankFirmMoves (band)
1Simpson Thacher & Bartlett6-10
2Greenberg Traurig3-5
04 Demand

Deals in Registered Funds

Sartori & Partners data count 303 dated deals in Registered Funds in the 12 months to October 2026 and 924 over the three years to October 2026.

M&A work is involved in 26.5% of them and Capital markets in 16.8%.

By client industry, Asset Management & Funds comes first with 94.3%.

Dechert ranks first among advising firms over the period, in the 151-250 band.

Share of deals involving each deal type, three years to October 2026
Advising firms ranked by deals, three years to October 2026
RankFirmDeals (band)
1Dechert151-250
2Ropes & Gray101-150
3Faegre Drinker Biddle & Reath61-100
4Stradley Ronon Stevens & Young61-100
5Simpson Thacher & Bartlett61-100
6Willkie Farr & Gallagher41-60
7K & L Gates41-60
8Kirkland & Ellis41-60
9Thompson Hine21-40
10Seward & Kissel21-40
05 Promotions

Time to partner in Registered Funds

46 lawyers were promoted to partner in Registered Funds over five years, according to Sartori & Partners data.

The median time from first year of practice to partner is 10.5 years, with the middle half between 9.0 years and 13.8 years, against a market median of 10.0 years. 68.4% made partner within 12 years.

These figures rest on 38 promotions.

Years from first year of practice to partner
06 Explore

Related monitors and reports

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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