Kirkland Layoffs Forum

[thisismytlsuername]

There’s always a hyper focus on Kirkland here. Stealth layoffs are happening now across the V100.

Well some may argue Kirkland is the biggest law firm with over 6 billion in revenue and over 3000 lawyers which is why we focus on it so much.

My biglaw firm is doing the same thing but giving 3 months. Kirkland is giving 5 so I don’t see why they’re being called out

Have you called out your biglaw firm?

[Anonymous User]

Is that no longer the case?

K&E's headcount has nearly doubled in the last five years. Peer firms either stayed relatively stable, or increased by max 30% (e.g., L&W, Gibson). So, no, it's no longer the case.

Well headcount grew, but so did business. Everyone keeps running with the “Kirkland grew too fast and now has to cut because they don’t have work to sustain them” narrative, but according to the latest financials that dropped yesterday, they were basically the only firm among their peers to INCREASE revenue and PPEP in 2022, above the 2021 record highs. Which makes me think maybe the cuts are not as widespread or economically-motivated as people assume.

Yes, you can say “well maybe it’s not 2022 numbers, maybe business has softened in Q1 2023 and that’s why they’re cutting” but everyone said the same thing during the fall and now we can see that, in fact, the firm was at that point in the middle of yet another record-breaking year.