MoFo Private Equity Funds Co-Chair Becomes Kirkland's Latest High-Profile Hire
Kirkland & Ellis' latest lateral hire is the fifth partner from the fourth U.S. city the firm has been linked to hiring so far this month. All but one is in the private equity market that has long been a key Kirkland practice.
May 16, 2018 at 02:40 PM
4 minute read
Boston. Chicago. London. And now San Francisco.
It doesn't seem to matter where you are. If you're a high-profile lateral, Kirkland & Ellis will find you.
The world's largest firm by gross revenue has quietly hired Kenneth Muller, the former co-chair of Morrison & Foerster's private equity funds and buyout group, as a partner in San Francisco.
Muller is the fifth hire from the fourth U.S. city linked to Kirkland within the past week. All but one are former practice leaders at top law firms. And all but one is a private equity lawyer as Kirkland seeks to build on its reputation as one of the busiest advisers in the buyout business.
The American Lawyer reported last week that Kirkland had hired a private equity duo from DLA Piper in Chicago. Steven Napolitano, the former co-chair of DLA Piper's U.S. private equity practice, and Brendan Head, the co-managing partner of its Windy City office, are the two lawyers poised to join Kirkland.
On May 11, Kirkland also hired Ranesh Ramanathan, the former deputy general counsel of private equity giant and longtime Kirkland client Bain Capital LP, to bolster its fast-growing Boston office. And earlier this week, Kirkland added Allen & Overy global intellectual property head Nicola Dagg, as noted by London-based sibling publication Legal Week.
In Muller, Kirkland is adding a partner who has represented private equity and real estate funds in all sorts of corporate and financial matters, ranging from fund formation to M&A transactions. Kirkland's San Francisco outpost, launched in 2002 by the firm's current chairman Jeffrey Hammes, may also be seeking to bolster its ties to the Asian market with Muller's hire.
Muller did not return a request for comment by the time of this story, but after its publication, Kirkland issued a press release confirming his hire.
“It is an honor to join the top-tier private equity fund formation team at Kirkland,” Muller said in a statement issued by the firm. “[Kirkland] continues to attract some of the best and brightest legal minds in the business and I am genuinely looking forward to introducing clients to the benefits of Kirkland's global private equity and fund formation platforms.”
Muller was part of Morrison & Foerster teams that advised Global Logistic Properties Ltd., which provides modern logistics warehouses in China, on numerous deals, including an $11.6 billion going-private offer last year, launching an investment fund in partnership with a Canadian pension plan in 2016, a $7 billion investment fund in 2015 and a $3 billion logistics fund in 2013.
Morrison & Foerster has often been ranked by Private Equity Real Estate as a top-three firm for Asia transactional or fund formation work. Morrison & Foerster is also one of the higher-ranked, U.S.-founded firms for private equity work in Asia by Chambers and Partners in a region where Magic Circle firms and other London-based legal giants retain higher legal brand recognition.
In 2017, Morrison & Foerster enjoyed a record financial year, as gross revenue jumped to $1.06 billion, while profits per equity partner soared to nearly $1.74 million. Those numbers still paled in comparison to Kirkland, which has enjoyed an almost unprecedented run of financial growth. The firm took in a whopping $3.165 billion in gross revenue last year, one on which profits per equity partner rose to $4.7 million. That has helped fuel a hiring spree by the firm, one that dates back long before this month.
In April alone, Kirkland landed recruited Sandra Goldstein, long considered one of the most powerful partners at Cravath, Swaine & Moore and a former head of litigation at the firm, along with litigation associate-turned-partner Stefan Atkinson. Those hires came just four months after Kirkland added former Cravath dealmaker Eric Schiele.
Kirkland's bevy of new partner hires have stressed the traditional lockstep model at some of the nation's most prestigious firms.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk Lands Spirit Chapter 11 Amid Bankruptcy Resurgence
Former Perkins Coie Partner Moves to Stradley Ronon in Chicago
What Practices Are Driving Law Firms’ ‘Remarkable’ Performance in 2024?
4 minute readTrending Stories
- 1Trying a Case for Abu Ghraib Detainees Two Decades After Abuse
- 2The Distribution of Dangerous Products Via Online Marketplaces
- 3The Products Liability Case Against Tianeptine: The Deadly ‘Dietary Supplement’ Found at Your Local Store
- 4The Evolving Landscape of Joint and Several Liability in Pa.: A Post-'Spencer' Analysis
- 5A Deep Dive Into the Product-Line Exception in Pennsylvania
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250