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Kirkland & Ellis

From Wikipedia, the free encyclopedia

Kirkland & Ellis LLP
Kirkland & Ellis
No. of offices20 [1]
No. of attorneys2,725 (2021)[2]
No. of employees5,721 (2021)[3]
Key peopleJon A. Ballis,[4] chairman, global management executive committee
RevenueIncrease US$4.83 billion (2020) [5]
Date founded1909; 115 years ago (1909)
FounderRobert R. McCormick
Company typeLimited liability partnership
Websitekirkland.com

Kirkland & Ellis LLP is an American multinational law firm headquartered in Chicago, Illinois. Founded in 1909, Kirkland & Ellis is the largest law firm in the world by revenue and the seventh-largest by number of attorneys,[6] and was the first law firm in the world to reach US$4 billion in annual revenue.[7]

Many attorneys from the firm have served as federal officials or judges, including United States Supreme Court Justice Brett Kavanaugh and former Attorneys General William Barr and Robert Bork.[8][9]

Chicago office at 300 North LaSalle

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Transcription

History

London office at 30 St Mary Axe, popularly known as the Gherkin

In 1909, two attorneys, Stuart G. Shepard and Robert R. McCormick, formed the Chicago-based partnership that would eventually become Kirkland & Ellis. McCormick was the grandson of Joseph Medill, who had founded the Chicago Tribune. McCormick became president of the Tribune Company in 1914 and, in 1925, sole publisher of the Tribune.[10]

Weymouth Kirkland and his associate Howard Ellis joined the firm in 1915. Kirkland served as chief counsel to the Tribune and other newspapers in various free speech and defamation cases, including Near v. Minnesota. In 1938, Kirkland and Ellis hired young trial lawyer Hammond Chaffetz from the U.S. Department of Justice. Chaffetz spent six decades with the firm, during which it grew to about 780 lawyers, making it one of the 30 largest in the country.[11] Kirkland & Ellis has 15 offices in four countries.[12]

In 2020, "Kirkland, along with some other out-of-town firms like Sidley Austin and Latham & Watkins," have been reported in media as using "aggressive lateral recruiting to draw from New York's dealmaking talent pool."[13][14] The firm earned just under $5 billion in revenue in 2020.[5] The increase came from heightened demand, induced by the COVID-19 pandemic.[15]

Rankings

The American Lawyer ranked Kirkland & Ellis as the 2018 Law Firm of the Year.[16] "Mergers & Acquisitions" ranked Kirkland & Ellis as the 2019 Law Firm of the Year for advising on 400 U.S. based-deals (more than twice that of the firm ranked second), and for advising on the largest number of global deals, in each case, in 2019.[17] As of 2021, Am Law lists Kirkland & Ellis as the largest law firm in the United States by gross revenue and third greatest in profits per equity partner.[18] Kirkland & Ellis was ranked second in the 2017 ATL Power 100 law firm rankings.[19] Vault ranked Kirkland & Ellis as the most prestigious firm in Chicago and the number-one firm in the U.S. for private equity, restructuring and business outlook in 2018.[20]

Notable clients and cases

Pro bono work

The firm represented separated families, asylum seekers and other migrants, and nationwide class of immigrant teens held in ICE detention centers, in opposition to Trump administration family separation policy.[39][40]

Kirkland attorney Michael D. Jones represented alumni and supporters of Maryland’s historically Black colleges and universities (HBCUs) in a 15-year legal battle against the State of Maryland.[41] The case, brought in federal court, claimed that the state had systemically underfunded the schools for decades.[42] The matter was finally settled in 2021 when lawmakers approved $577 million in extra funding for the HBCUs in future state budgets.[43] As part of the settlement, the state of Maryland agreed to pay $22 million in legal fees and costs, with $12.5 million going to Kirkland & Ellis. The remaining $9.5 million went to the Lawyers’ Committee for Civil Rights Under the Law, which also provided legal representation for plaintiffs in the lawsuit.[44] Kirkland’s $12.5 million portion of the fees was later donated by the firm[45] to a series of organizations that benefitted HBCUs and promoted civil rights.[44] The allocation of fees included: $5 million to the Center for Racial Justice at Dillard University in New Orleans; $3 million to Morgan State University’s Robert M. Bell Center for Civil Rights in Education; $2 million for the Lawyers’ Committee for Civil Rights Under the Law; $1 million to the National Association for Equal Opportunity in Higher Education; $600,000 to Howard University’s Thurgood Marshall Civil Rights Center; $600,000 to the Coalition for Equity and Excellence in Maryland Higher Education; and $250,000 to the African Methodist Episcopal Church Second District.[44]

Notable attorneys and alumni

Notable alumni of the firm include, among others, more than two dozen attorneys who resigned when appointed to roles in government.[46] Alumni include:

Endowed professorships

The firm has endowed professorships in its name at four law schools: Harvard Law School,[85] Northwestern University School of Law,[86] University of Michigan Law School,[87][88] and the University of Chicago Law School.[89]

See also

References

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  2. ^ "Kirkland & Ellis LLP". Law.com. Retrieved October 5, 2021.
  3. ^ "Kirkland & Ellis Company Profile". Craft.co. Retrieved October 20, 2021.
  4. ^ "Kirkland & Ellis names new chairman". Crain's Chicago Business. December 10, 2018. Retrieved January 22, 2020.
  5. ^ a b "Kirkland & Ellis LLP". Law.com. Retrieved June 7, 2021.
  6. ^ "Kirkland's Reign Continues as Firm Hits $4 Billion in Revenue". Law.com. Retrieved March 27, 2020.
  7. ^ "Wake Up Call: In Pre-Covid 2019, Kirkland Topped $4 Billion Revenues". news.bloomberglaw.com.
  8. ^ "Judge Kavanaugh on law and religion issues". SCOTUSblog. July 30, 2018. Retrieved September 9, 2023.
  9. ^ "Kirkland & Ellis' Bill Barr Confirmed as Attorney General". National Law Journal. Retrieved September 9, 2023.
  10. ^ "Robert R. McCormick Biography", First Division Museum. Retrieved September 12, 2020.
  11. ^ Johnston, David Cay (January 17, 2001). "H. E. Chaffetz, 93, Lawyer On Antitrust and Price Fixing". The New York Times. ISSN 0362-4331. Retrieved December 12, 2016.
  12. ^ "Kirkland & Ellis". Forbes. November 23, 2020. Retrieved December 15, 2020.
  13. ^ "Wall Street 'Nightmare' Alive as Kirkland Poaches From Wachtell". news.bloomberglaw.com. Retrieved July 14, 2020.
  14. ^ Stewart, James B. (April 26, 2018). "$11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier Firms". The New York Times. ISSN 0362-4331. Retrieved July 14, 2020.
  15. ^ Beioley, Kate; Massoudi, Arash. "Kirkland & Ellis revenue set to surge to $5bn on private equity deals". Financial Times. Retrieved February 3, 2021.
  16. ^ Seal, Ben (December 5, 2018). "Kirkland & Ellis Named Law Firm of the Year at American Lawyer Industry Awards". The American Lawyer. Retrieved January 22, 2020.
  17. ^ Seal, Ben (April 2, 2020). "Kirkland & Ellis wins Law Firm of the Year for closing 400 U.S. PE deals". The Middle Market. Retrieved May 29, 2020.
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  19. ^ Shepherd, David Lat, Elie Mystal, Staci Zaretsky, Kashmir Hill, Marin, Mark Herrmann, Jay. "The ATL 2017 Power 100 Law Firm Rankings". Above the Law. Retrieved December 13, 2016.{{cite news}}: CS1 maint: multiple names: authors list (link)
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  21. ^ Janofsky, Michael (August 16, 2005). "U.S. tobacco firms heading back to court (Published 2005)". The New York Times. ISSN 0362-4331. Retrieved December 16, 2020.
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  29. ^ Ruddick, Graham (September 23, 2015). "Volkswagen hires BP oil spill lawyers to defend emissions cases". The Guardian. Retrieved July 25, 2019.
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  32. ^ Raymond, Adam K. (July 16, 2019). "Lawyer: Epstein's Abuse Continued While He Was on Work Release From Jail". Intelligencer.
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  35. ^ Stokes, Samantha (June 10, 2019). "Kirkland Secures $56M in Fees for Toys R Us Bankruptcy". The American Lawyer. Retrieved January 22, 2020.
  36. ^ Langner, Christopher; Tu, Lianting (November 26, 2015). "China Fishery Bonds Plunge as HSBC Seeks to Wind Up Company". Bloomberg. Retrieved September 9, 2020.
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  39. ^ Kanno-Youngs, Zolan (April 23, 2020). "As Coronavirus Threatens, Teenage Migrants 'Age Out' Into ICE Jails Those initially detained by the government's Office of Refugee Resettlement are being held until their 18th birthday, then transferred to ICE custody". The New York Times. Retrieved May 5, 2021.
  40. ^ Moore, Robert (May 29, 2019). "'He Started Calling Me Papa Again': A Separated Migrant Father and Son Reunite After 378 Days Apart". Texas Monthly. Retrieved May 6, 2021.
  41. ^ Todd, Ross (November 18, 2021). "Kirkland Donates $12.5M in Legal Fees from Maryland HBCU Case to Schools and Civil Rights Orgs". Litigation Daily | The American Lawyer. Retrieved February 12, 2023.
  42. ^ "Hogan signs off on $577 million for Maryland's historically Black colleges and universities". Washington Post. ISSN 0190-8286. Retrieved February 12, 2023.
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Further reading

External links

This page was last edited on 26 February 2024, at 07:12
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