From Legal Week | Figures released by international law giant Kirkland & Ellis show that the firm’s revenues rose by 14 percent to $1.63 billion in 2010, while profits per equity partner (PEP) jumped 23 percent to $3.08 million.
Inside these posts: Kirkland & Ellis
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Three Kirkland partners leave for Latham
Three partners at Kirkland & Ellis resigned Tuesday and joined another elite corporate law firm in Chicago, Latham & Watkins.
Robert Buday, Nathaniel Marrs and Gary Axelrod, who represent clients in complex real estate transactions, are highly regarded according to lawyer-rating services such as Chambers & Partners.
Latham’s raid on Kirkland is unusual, as a group of partners rarely simultaneously leave one high-end firm for another. In addition, Latham has not been active in recruiting lawyers from other firms, known as the lateral market, in recent years, said Richard Levy, the head of the firm’s Chicago office. Get the full story »
300 N. LaSalle sold for $655 million
The 1.3-million-square foot office building at 300 N. LaSalle St. has been sold to a California real estate investment trust for $655 million. Holliday Fenoglio Fowler, L.P.’s Chicago and New York offices closed the sale on behalf of the building’s current owner, Hines, a privately-owned real estate firm and have acquired $350 million in financing from MetLife Inc. for KBS Real Estate Investment Trust II Inc., the buyer. Get the full story »
