Kirkland & Ellis has seen a remarkable rise in its partnership classes over the past years, with its 2024 class comprising 200 new partners, demonstrating consistent growth despite a slight decline this year.
Although Kirkland's latest partnership class is slightly smaller than last year’s record of 205, this decrease marks a significant change as it is the first reduction in the firm's new partner class in eight years.
The firm's profits per equity partner soared to about $8 million last year, reflecting the prestigious and profitable nature of working as an equity partner at Kirkland, despite the challenging path to achieve that status.
Kirkland has made it easier for nonequity partners to become equity partners, reducing the waiting period from four years to three, although the competition remains intense and the process challenging.
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