Star Kirkland & Ellis partner’s future in doubt as firm sides with PE in legal tactics dispute
Decision to scrap certain contentious debt refinancing practices leaves David Nemecek in limbo
Decision to scrap certain contentious debt refinancing practices leaves David Nemecek in limbo

Firm moves to repair relations with backers of private equity funds after claims of uncooperative behaviour in negotiations

Chicago-founded law firm becomes first to break $10bn barrier for annual revenues

A feature since at least the 1980s, non-equity partners are back in vogue as rivals try to compete with Kirkland & Ellis

Investors including Apollo and Ares had been upset by an antitrust lawsuit

Firms are still struggling to deal with a lack of exits from their investments

Pendulum has swung towards capital allocators