Kirkland & Ellis

“We're investing heavily in attorneys that are experts with retail investors, because we see the industry moving that way.”

“We've had people in significant roles, at least in every administration I know just off my head, since Bush, 41, through Clinton, Bush, 43, Obama, And Trump. And now Biden. We've had people in very senior roles throughout all of them.”

“We are not a commission-based system, or a, sometimes people describe an eat-what-you-kill system. We all share from one trough, and we all have partnership points. Those points are reallocated every two years. We don't have bonuses. We don't have cash compens…”

“When you represent the fortune 500, your clients are lawyers. When you represent private equity teams, your clients are investment professionals, oftentimes very young investment professionals, and they're looking for you to make the call. Tell me what I shoul…”

“We have tax people, who in a traditional sense, you might say, generate no business. They help on deals, but they're some of our highest paid people. Why? Because we can't do what we do without their skill set.”

“I think in the last decade, we've tripled our revenue, grown from a thousand lawyers to now almost 3000. We have 19 offices across the United States, Europe, and Asia. Technically, it's six billion dollars of revenue, three and a half billion dollars of distri…”

“We decided that it was best to stay apolitical, stay neutral on highly politically charged topics, which, by the way, happened not to be the core of what we do. That's not what we do as a business. We decided it's asymmetrical downside, because if you get invo…”

“Private equity is about two-thirds of our business today. The rest is high-end litigation. That's about a quarter of our business. Restructuring is the remaining, although restructuring bounces between more or less than more, depending on the cycle that we're …”

“We now have 25 partners whose sole job is to make the revenue generating partners better. Those 25 partners are not client facing. They facilitate revenue generating. They're just not client facing. They make all of our jobs easier. They create best of class f…”

“Some of the great law firms in the space stuck to a more traditional model, and what I mean by that is you recruit people from law school, you train them up, and they decide to stay, and their skill sets fit, and they, 1015 years later, are partnered. But we s…”

“Ensuring that our younger superstars are compensated properly, the way to do that is we don't have a lot of people in their sixties, let alone seventies, stay around our firm, particularly on the private equity side. Litigation can be a little different, but c…”

“Because we don't have a commission, eat what you kill kind of system. If you're working on a transaction or a restructuring matter or a litigation matter, and there's someone down the hall or across the country who's just done that and is better qualified to d…”