"A spokesperson for Kirkland said, "Our firm values the relationships we have built within the funds industry, and we are proud of the trusted counsel and advocacy our lawyers provide to clients as they build partnerships with their investors.""
""We continue to evolve our business, collaborate with our counterparts, and provide strong support for our clients, including in the relationships with their investors, as market dynamics shift in the fund formation process," they continued."
""Fire K&E.""
""We respectfully decline.""
Limited partners at an ILPA event expressed strong frustration with Kirkland & Ellis, including a shouted suggestion to "Fire K&E." Investors cited uncooperative behavior and routine rejection of proposals with terse replies such as "We respectfully decline." Kirkland hired Greg Durst, a former ILPA senior managing director, as senior director of global fund partnerships to strengthen relationships with fund investors. The firm implemented communication training for attorneys and banned the phrase "We respectfully decline." A spokesperson emphasized valuing industry relationships, continued evolution, collaboration, and support for clients amid shifting fund-formation market dynamics. Opinions remain mixed on whether Kirkland is unusually combative.
Read at Above the Law
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