How – and at what cost – does Kirkland & Ellis' London office land the star names?
It's your twentieth birthday and you're flush with cash. How do you mark the occasion? If you're the London office of Kirkland & Ellis, you recruit the City's pre-eminent banking partner.
May 29, 2014 at 07:21 PM
4 minute read
It's your twentieth birthday and you're flush with cash. How do you mark the occasion? If you're the London office of Kirkland & Ellis, you recruit the City's pre-eminent banking partner.
When it hires, the Chicago-born firm tends to go big. The signing of Weil Gotshal & Manges' London banking head Stephen Lucas – a lawyer described by one new colleague as "a genius with boundless energy" – comes in the wake of several marquee appointments in the last year. First came former SEC enforcement director Robert Khuzami. He was followed by two of Simpson Thacher & Bartlett's biggest hitters: M&A rainmaker Sean Rodgers in New York and Andrew Calder in Houston.
With each hire the market was abuzz with speculation on the market-shattering compensation packages offered. Sources close to Calder's move say he has been guaranteed $5m (£3m) per year for the coming three years, in addition to a $1.5m (£890,000) upfront payment. Lucas was already on a similar figure at Weil.
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.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
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