In a move that appears aimed at deterring partner departures or at least making them more difficult, Kirkland & Ellis is doubling the notice period that equity partners must give before they leave, from 60 to 120 days, according to two former Kirkland partners.
The firm has also introduced a 30-day notice period for its nonequity partner tier, which was not previously subject to any notice requirement. In addition, it has told partners that in the future it will be allowed to reduce their compensation during this notice period.
