Transatlantic Funds & PE M&A Partner Hiring

Private funds and PE M&A partner hiring has remained active across New York and London over the past five years - but the dynamics shaping each market tell very different stories.

London funds movement reached a five-year high in 2025, while New York has held consistently robust. Across both markets, US firms have been the clear beneficiaries: AmLaw 25 firms posted a net positive in London funds every year from 2021 to 2025, while The Lawyer 15 finished net negative in four of those five years. Kirkland & Ellis leads all firms tracked in every category - in both cities, across both practices.

The data also reveals a notable 2025 reversal in London PE M&A, a structural shift in where funds talent is concentrating, and what the pattern of movement across five years suggests about where the market is heading.

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