Ed. observe: Welcome to our every day characteristic, Quote of the Day.
They’ve achieved an ideal job of it. You could have Kirkland non-share companions on the recruiter’s pace dial, as a result of they’re scorching sh*t. It doesn’t matter that they aren’t fairness. The recruiting agency will get to inform all their individuals, and purchasers, that we’ve collared a Kirkland companion, an actual one. They usually find it irresistible. It adjustments how the agency is seen out there, the entire vibe. It makes corporations really feel like they’re gamers.
— A former Kirkland & Ellis companion, in nameless feedback given to the American Lawyer, regarding the affect that the top-ranked Biglaw agency’s nonequity partnership tier has had on the remainder of the business. The companion went on to discuss with Kirkland’s salaried partnership tier as a “market altering hydra.” Now, all however a couple of of Biglaw’s greatest have introduced the introduction of revenue partnership tiers.
Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e-mail her with any suggestions, questions, feedback, or critiques. You possibly can observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
