K&L Gates’ Partner Churn Continues, Plus More Lateral Moves

, The Am Law Daily


Amid more departures, K&L Gates seeks to grow; Akin Gump and Reed Smith hire from Winston & Strawn; Fox Rothschild reels in a leading Twin Cities litigator; and other notable additions from throughout The Am Law 200.

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What's being said

  • Sr. Associate

    It is not surprising that partners continue to leave K&L Gates. Firm financials through the first half of the year are dismal at best and practice group leaders /practice area leaders continue to shop their practices. Pete K. needs to wake up if he thinks the partnership is on his side as many of his trusted confidants are actively looking for the escape hatch. Lucky for Pete the CMU money came in the nick of time to cause a few partners– against their better judgment – to stick it out and ride off into the sunset. Being debt-free is one thing – however when it comes at the cost of delaying payment to our vendors for many months to pad the bottom line – that speaks volumes. Compounding the bad financial condition of the firm has been a plethora of bad hiring decisions with big ticket partners (often incentivized with sweetheart deals including a waiver of the equity buy-in) being unable to materialize any revenue. And if you want to know why certain partners mysteriously depart after a few months just take a closer look at what went down at this year’s partner retreat (worst kept secret in the firm).

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