Wake Up Call: Kirkland & Ellis Tops $6.5 Billion Revenue in 2022

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Kirkland & Ellis, the world’s richest law firm, saw its gross revenue grow by 7.8% to more than $6.5 billion last year, despite a slump in big deals. The boost follows a 25% revenue gain for Kirkland in 2021. The Chicago-founded firm pointed to strong litigation, restructuring, and middle-market deals, according to a report based on early data. The firm expanded its headcount about 12.9% to 3,415 last year, but more recently made layoffs. Kirkland’s average profits per ...