Partner Profit Reports: K&L Gates Swing Wide Open
K&L Gates offers very detailed financial disclosures. What is motivating their opening of the kimono?
Morning Docket: 02.22.13
* Law School Transparency? Nay, Biglaw Transparency! Peter Kalis, global managing partner of K&L Gates, just opened the kimono wide on his firm’s financial performance in an “unusually detailed” fashion. [Wall Street Journal (sub. req.)] * Talk about a pain in the pocketbook: according to American Lawyer, profits per partner and revenues are slowly swirling down the drain at several Biglaw firms, with shrinkage of 16 percent in PPP at one firm. [Thomson Reuters News & Insight] * The ABA is just now thinking of trying to find someone who will audit the graduate employment data that law schools release each year. Gee, it only took 15 fraud lawsuits to get the ball rolling. [National Law Journal] * Oh my God, you guys, carrying six figures of law school debt on your shoulders is “unsustainable” in the long run, especially when your salary sucks. This is new information that no one’s heard before. [News-Gazette] * Former U.S. Attorney Jim Letten is now Tulane Law’s new assistant dean for experiential learning. For the school’s sake, hopefully he’ll be able to control his students better than he did his AUSAs. [Tulane Hullabaloo] * “You’re a cold-blooded murderer and I’ll stare you down until I die.” Drew Peterson was sentenced to 38 years in prison for the murder of his third wife. A sequel to the Lifetime movie is likely forthcoming. [Reuters]
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Law Firm Merger Mania: K&L Gates Merging With Middletons
The merger between K&L Gates and Middletons, the Australian law firm, has been approved by both partnerships.
A Peek Behind the K&L Gates: More Comments from Peter Kalis
Peter Kalis, who was just reinstalled as chairman and global managing partner of K&L Gates, sheds further light on the state of the firm.
K&L Reinstates: Peter Kalis Elected to Fifth Term as Chairman and Managing Partner
It seems that Peter Kalis's hold on power at K&L Gates remains strong. Meanwhile, here's some information about partner capital contributions at the firm.
Everything Is Great, K&L States: Peter Kalis Comes Out Swinging
Peter Kalis, chairman and global managing partner of K&L Gates, issues a forceful response to speculation in the media about the state of the firm.
Meet Me At ILTACON: Opus 2 And AI Workbench
Swing by Booth 800 for a look at the latest in AI-powered case management.
Partners Streaming Out Of The K&L Gates?
What's going on at K&L Gates? Reports have surfaced of significant partner departures.
Musical Chairs: A Departmental Defection at K&L Gates in Seattle
We’ve previously discussed the trend of partners leaving Biglaw to launch their own firms. We’ve seen a lot of this action in New York and D.C., home to such well-regarded boutiques as MoloLamken, started by former Shearman & Sterling and Baker Botts partners, and BuckleySandler, started by former Skadden partners. It’s happening out on the […]
The Two Faces of K&L Gates
The end of the year was a pretty interesting time for partners at K&L Gates. Our sources report that right before the close of the year, the partners received a blistering message from Peter Kalis, the managing partner of the firm. Just 24 hours later, K&L Gates partners received an email from Kalis that was […]