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...Kate Stephenson, partner at law firm Kirkland & Ellis, said this change was “intended to maximise value on a sale — by ringfencing the value and enabling potential tax savings, thereby attracting buyers”...
...Partners at Kirkland earned $7.5mn on average last year, the highest of any law firm, according to data provider The American Lawyer, compared with $5.7mn at Paul Weiss....
...Other big names in corporate law are starting to mimic Kirkland’s partner model and pay structures....
...By comparison, Kirkland & Ellis in the US alone reported $6.5bn in the same period....
...In August, Paul Weiss hired a group of debt finance lawyers including Neel Sachdev from Kirkland’s London office and a group of US lawyers led by Kirkland partner Eric Wedel....
...The Big Read Industry figures say Kirkland & Ellis’s approach to business is more akin to a hedge fund or an investment bank than a law firm....
...Founded in Chicago at the turn of the 20th century, Kirkland has relied on an entrepreneurial drive to challenge the hierarchy of law firms on Wall Street....
...In today’s newsletter: Paul Weiss’s second Kirkland raid The scandal gripping Singapore Football sponsors under scrutiny Paul Weiss flexes its muscles in London In less than a month, US law firm Paul...
...the buyout groups they advise....
...In today’s newsletter: Kirkland & Ellis confronts a dealmaking slowdown The PE dealmaker who’s everywhere right now KKR jumps on a deal Carlyle snubbed QE+PE= K&E Chicago law firm Kirkland & Ellis has...
...Cannon founded Cannon Law Group, PLLC, in the dead of the recession in 2008 on the premise an attorney’s job is to provide value, not just bill hours. Mission accomplished....
...equity lawyer Roger Johnson was terminated from his job at the world’s highest-grossing law firm Kirkland & Ellis after it was discovered that he was in talks to join a rival....
...The judgment was “hugely important” and restructuring experts would be “poring over” it, said Kate Stephenson, partner in European restructuring at law firm Kirkland & Ellis....
...The deal also confirms the appeal of law firms as tenants in the current market, according to some developers....
...His decision cleared the way for a slim majority group of creditors to take control of the company and leave another group’s holdings close to worthless....
...A group of law firms including Kirkland & Ellis were reportedly hit by a ransomware group earlier this year....
...In a letter to a group of law school deans, the firms, including Cravath, Swaine & Moore and Kirkland & Ellis, said they were “alarmed at reports of antisemitic harassment, vandalism and assaults on college...
...Fogelberg joins from Kirkland & Ellis, where she was a partner and worked with C Street founder Jon Henes, a former Kirkland & Ellis partner....
...Partners at elite law firms such as Kirkland & Ellis; Wachtell, Lipton, Rosen & Katz and Paul Weiss, have seen their pay soar and we don’t think that will stop in the near term....
...Some within this group are already rethinking their business strategy....
...Speaking after the hearing Fergus Saurin, a partner at law firm Kirkland and Ellis, which represents a key group of Evergrande creditors, said: “We are not surprised by the outcome....
...Born in the USA: a New York law firm’s London coup DD readers are by now read up on US law firm Paul Weiss’s back-to-back raids on its higher-grossing rival Kirkland & Ellis, signalling its intent to edge...
...Bruce MacEwen, president of law firm consultancy Adam Smith, Esq, said Kirkland “doesn’t feel like a law firm, it feels like a hedge fund . . ....
...One Chamath ‘situation’ to start: Chamath Palihapitiya’s venture capital group Social Capital has fired two of its most senior partners and hired a law firm to investigate an undisclosed “situation” related...
...Although US law gives the administration the power to block certain foreign acquisitions on national security grounds, Biden will not say outright that the deal should be blocked, according to people familiar...
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