Ed. observe: Welcome to our every day characteristic, Quote of the Day.
They’ve completed an ideal job of it. You could have Kirkland non-share companions on the recruiter’s pace dial, as a result of they’re sizzling 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. And so they find it irresistible. It adjustments how the agency is seen available in the market, the entire vibe. It makes companies really feel like they’re gamers.
— A former Kirkland & Ellis companion, in nameless feedback given to the American Lawyer, in regards to the affect that the top-ranked Biglaw agency’s nonequity partnership tier has had on the remainder of the trade. The companion went on to confer with Kirkland’s salaried partnership tier as a “market altering hydra.” Now, all however a number of of Biglaw’s greatest have introduced the introduction of income 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 email her with any ideas, questions, feedback, or critiques. You possibly can comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
