Leading law firm Kirkland & Ellis, known as the world’s richest, has announced raises for its associates. With a gross revenue exceeding $6.5 billion in the previous year, Kirkland & Ellis continues to compete with other major firms globally in terms of associate compensation. Details about the bonus structure were not included in the announcement, but it was indicated this data will be shared in the coming weeks. Above the Law has a revealing infographic detailing the new salary grid at Kirkland & Ellis, in effect from January 1, 2024.
Noteworthy is that the firm’s compensation grid currently extends only up to the class of 2018. However, the published memo clarified that income partners whose compensation is tied to the grid will also see raises in line with the market rate for their respective class year.
Updates like these in the world of legal compensation are important to track, as they provide insight into market trends. As legal professionals navitagte the fast paced and competitive legal landscape, any tips or significant changes in compensation structure can be vital.
If you’re interested in receiving immediate notifications about such updates, Above the Law offers a sign-up for their Bonus Alerts, which also cover salary announcements. This tool could be particularly valuable when trying to keep up to date with market trends.
Kathryn Rubino, a Senior Editor at Above the Law and a host of The Jabot podcast, shared these details. To connect with her on this topic, you can email her or follow her on Twitter or Mastodon for more updates.