What's Happening?
Kirkland & Ellis has significantly expanded its litigation practice, adding nearly 300 lawyers since last year. This growth positions the firm as a leader in courtroom battles, complementing its strong
private equity advisory services. The litigation practice has become a $3 billion business, with high billing rates and a focus on mass torts and products liability defense. The firm aims to provide comprehensive legal services, leveraging its broad range of litigators for complex cases.
Why It's Important?
Kirkland & Ellis' expansion into litigation reflects a strategic move to diversify its services and hedge against economic cyclicality. By investing in high-demand areas like mass torts, the firm enhances its competitive edge and financial stability. This growth also underscores the importance of litigation in addressing significant legal challenges for major corporations, potentially influencing industry standards and client expectations.
