Associates At Kirkland & Ellis Are Laid Off Across The US

(CTN News) – As a result of mid-year performance reviews conducted in Kirkland & Ellis offices across the country last week, some associates have been let go of the company.

Several sources familiar with the situation have told me that the Chicago-founded law firm, which brought in $6 billion in gross revenue in 2022, laid off a large number of associates, according to sources familiar with the matter According to the sources, Kirkland has made cuts at its offices in California, Texas, Chicago, and Salt Lake City, Utah.

A comment request sent to the firm was not immediately responded to.

It has been observed that big law firms have reduced the number of junior lawyers as the work has slowed. There has been a craze for hiring associate talent in 2021,

which was partly driven by a boom in the number of transactions that company has been handling.

A total of 150 associates and staff were laid off across Cooley’s US offices at the end of last year. As a result of a slowdown in legal work throughout Goodwin Procter’s offices in January, the firm laid off associates, paralegals, and other professional staff throughout the organization.

As a result of poor performance reviews last year, Kirkland had laid off associates as well.

It is well known for its work in private equity, where it advises clients such as Blackstone Inc. and Bain Capital Credit LP as well as a number of other companies.

A Kirkland associate who was included in the cuts, who was laid off, said he will receive full salary and benefits, as well as remain listed on the firm’s website until July 31st.

In Kirkland’s view, it has been frustrating to see what appears to be a reckless overhiring of workers, the associate said.

Does Kirkland and Ellis only hire from Harvard?

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