The future. Sometimes it feels such a long way off, other times it comes all too soon. Take this week’s biggest news stories on shelved IPOs, knighthoods and the state of the market for U.K. private equity funds lawyers, where firms have been bowled a googly by Kirkland & Ellis when it comes to succession planning. For more cricket takes (from Nigel Boardman, not me, thankfully), keep reading.
Kirkland & Ellis’ Funds Spanner Kirkland & Ellis has thrown a spanner in other law firm’s succession plans for funds practices, a number of people told Hannah Walker in this excellent piece this week. The firm has been so prolific at its plan to “take the number twos from all the number ones”, they say, that a number of firms will now struggle to fill the gaps left when their current funds stars leave.
