It’s hardly news when law firms merge, dissolve, or announce office openings or closings. So too has it become routine when big-name partners lateral from one large firm to another or take the boutique route. But it is noteworthy when waves of partners exit a firm with a profit-per-partner (PPP) just north of $3.5 million.
That firm is Kirkland & Ellis. And it’s worth questioning whether the defections have broader implications for the traditional partnership model.
What’s Happening at Kirkland & Ellis?