Kirkland & Ellis ended its 2008 fiscal year with an increase in revenue and flat profits per partner, reports The Am Law Daily. Revenue at the US firm rose by 7% to $1.4bn (£972m), while profits per equity partner stayed essentially flat at $2.47m (£1.71m). The Chicago-based firm, one of the US's most profitable practices not to have originated in New York, has a fiscal year that ends 31 January.Kirkland's results underline the benefits of diversification and having limited exposure to capital markets work. Business in the firm's highly-rated private equity group has been down, but that was balanced by its strong practices in litigation, bankruptcy and intellectual property.
March 09, 2009 at 06:05 AM
1 minute read
The original version of this story was published on Legalweek
Kirkland & Ellis ended its 2008 fiscal year with an increase in revenue and flat profits per partner, reports The Am Law Daily.
Revenue at the US firm rose by 7% to $1.4bn (£972m), while profits per equity partner stayed essentially flat at $2.47m (£1.71m). The Chicago-based firm, one of the US’s most profitable practices not to have originated in New York, has a fiscal year that ends 31 January.
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