More so than any other U.S. firm, Kirkland & Ellis is renowned for making splashy lateral hires in London—with compensation packages to match. The firm’s latest big-name arrival is Weil, Gotshal & Manges banking head Stephen Lucas, who joined Kirkland in May in one of the U.K. legal market’s biggest lateral hires in years.
Kirkland awarded Lucas, one of London’s top leveraged finance partners, 60 points of firm equity, according to two sources familiar with the circumstances of his hire. With each point currently worth $130,000, that puts his annual salary just shy of $8 million, which Kirkland has guaranteed for three years, according to the same two sources, making him one of the highest-paid partners in London.
This content has been archived.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
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
