Kirkland & Ellis LLP: Firm Profile, Practice Areas, Summer Associate Program, and How to Get Hired
By the Top Law Schools Editorial Team · Updated October 2026
Kirkland & Ellis is the highest-grossing law firm in the world, built on private equity, restructuring, and trial work. This profile explains how the firm makes money, how its two-tier partnership works, what the summer program looks like, and what it takes to get an offer in today's early-recruiting market.
- Kirkland at a Glance
- How Kirkland Became the Largest Firm by Revenue
- Kirkland's Growth in Context
- Offices
- Practice Areas
- A Private Equity Primer for Kirkland Applicants
- A Restructuring Primer
- Litigation at Kirkland
- The Two-Tier Partnership
- The Summer Associate Program
- Practice Deep Dives for Summer Associates
- Making the Most of Your Kirkland Summer
- What Kirkland Looks For
- Application Checklist
- Interview Questions to Expect
- Compensation
- Culture and Work Environment
- Life as a Kirkland Junior Associate
- Pros and Cons of Kirkland for Law Students
- Exit Options from Kirkland
- Kirkland vs. Peer Firms
- Frequently Asked Questions
- Sources
Kirkland at a Glance
| Fact | Detail |
|---|---|
| Founded | 1909, Chicago |
| Lawyers | About 4,145 (Everything-PR summary of Am Law data) |
| 2025 gross revenue | More than $10.56 billion, up about 20 percent, the first law firm above $10 billion (Law.com) |
| Partners | About 1,823, up roughly 9 percent (Law.com) |
| 2025 revenue per lawyer | $2.55 million, up nearly 11 percent (Law.com) |
| 2025 profits per equity partner | About $11.12 million, second only to Wachtell Lipton (Law.com, NYLJ 100) |
| Signature practices | Private equity, M&A, investment funds, restructuring, complex litigation and trial, intellectual property |
| Partnership structure | Two tiers: nonshare (income) partners and share (equity) partners |
| Summer program | Open assignment system; offices across the U.S.; application opens November 1, 2026 (Kirkland) |
How Kirkland Became the Largest Firm by Revenue
Kirkland began as a Chicago litigation firm and remained known mainly for trial work for most of the 20th century. Its transformation came from three strategic choices:
- Betting early on private equity. Kirkland built deep relationships with private equity sponsors when the industry was young and grew with it. Sponsors generate a steady stream of acquisitions, financings, fund formations, and exits, plus restructuring work when portfolio companies struggle.
- Building a market-leading restructuring practice. Restructuring complements private equity and is countercyclical: when deal activity slows, distressed work increases.
- Aggressive lateral hiring and a two-tier partnership. Kirkland recruits top partners from rival firms with compensation packages few competitors can match, and its nonshare partner tier lets it promote associates to partner earlier while reserving equity for the most profitable.
The result is a firm that grew revenue about 20 percent in 2025 alone and became the first to cross $10 billion (Law.com).
Kirkland's Growth in Context
| Period | Milestone |
|---|---|
| 1909 | Firm founded in Chicago; for decades it's known mainly for litigation |
| 1990s to 2000s | Grows its private equity, restructuring, and funds practices alongside the private equity industry |
| 2000s to 2010s | Expands rapidly in New York, Texas, California, London, and Asia, often through high-profile lateral partner hires |
| 2020s | Becomes the world's highest-grossing law firm, opens offices including Nashville, Philadelphia, and Riyadh |
| 2025 | First law firm to report more than $10 billion in annual revenue (Law.com) |
| 2026 | Largest-ever Miami summer class and a new four-week 1L experience for committed students (Kirkland) |
Offices
Kirkland lists about 4,000 lawyers across its international platform (Kirkland). Its office list currently includes:
| Region | Offices |
|---|---|
| U.S. Northeast and Mid-Atlantic | New York, Boston, Philadelphia, Washington, D.C. |
| U.S. Midwest and South | Chicago, Dallas, Houston, Austin, Miami, Nashville |
| U.S. West | Los Angeles, San Francisco, Palo Alto, Salt Lake City |
| Europe | London, Paris, Munich, Frankfurt, Brussels |
| Asia and Middle East | Hong Kong, Beijing, Shanghai, Tokyo, Riyadh |
Source: Kirkland.
How Office Choice Affects Your Experience
Each Kirkland office has its own practice mix, and that shapes the matters you'll see as a junior associate.
| Office type | What to expect |
|---|---|
| Chicago | The firm's historic home; deep in litigation, restructuring, private equity, and tax |
| New York | Largest concentration of private equity, debt finance, capital markets, and restructuring |
| Washington, D.C. | Government enforcement, antitrust, appellate, regulatory, and litigation |
| Texas offices | Energy transactions, private equity, and a growing litigation presence |
| California offices | Private equity, technology transactions, IP litigation, and investment funds |
| Newer U.S. offices (Miami, Nashville, Philadelphia, Salt Lake City) | Smaller teams, often more direct partner contact, frequent cross-office staffing |
| International offices | Mostly transactional, funds, and restructuring; usually hire laterally or from local law schools |
When you choose a primary office on your application, pick a city where you can explain a real connection: you grew up there, went to school there, have family there, or have a credible career reason to build your practice there. Kirkland interviewers routinely ask why you chose a specific office.
Practice Areas
| Practice | What Kirkland is known for | What junior lawyers do |
|---|---|---|
| Private equity and M&A | Leading adviser to PE sponsors on buyouts, add-ons, and exits; public company M&A | Diligence, drafting ancillary documents, managing signing and closing checklists |
| Investment funds | Formation of PE, credit, infrastructure, and secondaries funds | Drafting fund documents, investor side letters, regulatory filings |
| Debt finance | Leveraged finance for sponsor-backed deals | Drafting credit agreements and security documents |
| Capital markets | IPOs and high-yield offerings, often for sponsor portfolio companies | Disclosure drafting, diligence |
| Restructuring | Debtor-side Chapter 11 cases and out-of-court restructurings | Court filings, first-day motions, research, negotiations support |
| Litigation and trial | Commercial, securities, product liability, government enforcement | Research, briefing, discovery, trial preparation |
| Intellectual property | Patent litigation, especially in technology and life sciences | Technical and legal research, expert work |
| Tax | Structuring for PE transactions and funds | Tax structuring memos, deal support |
| Antitrust and regulatory | Merger clearance, government investigations | Filings, research |
| Executive compensation and benefits | Management equity in sponsor deals | Drafting equity plans and employment terms |
For students, the key point is that private equity touches almost every Kirkland practice. Even litigation and restructuring often involve sponsor clients and their portfolio companies.
A Private Equity Primer for Kirkland Applicants
You don't need to be a finance expert to interview at Kirkland, but you should understand the business that produces most of its work. This is the minimum.
How a Private Equity Fund Works
- A sponsor raises a fund. A private equity firm (the sponsor or general partner) raises money from investors (limited partners) such as pension funds, endowments, sovereign wealth funds, insurers, and wealthy families. Kirkland's investment funds lawyers draft the fund's limited partnership agreement, private placement memorandum, and side letters.
- The fund buys companies. The sponsor uses the fund's equity plus borrowed money to acquire companies. This is a leveraged buyout (LBO). Kirkland's M&A lawyers negotiate the purchase agreement; its debt finance lawyers negotiate the loans.
- The sponsor owns and improves the company. The acquired business becomes a portfolio company. The sponsor may buy smaller companies to combine with it (add-on acquisitions), refinance its debt, or pay itself dividends funded by new debt (dividend recapitalizations).
- The sponsor exits. After several years, the sponsor sells the company to another buyer, sells it to another sponsor, or takes it public through an IPO. Each exit is another deal.
- If things go wrong, restructuring. If a portfolio company can't service its debt, it may restructure out of court or file for Chapter 11. Kirkland's restructuring lawyers often represent the company.
One sponsor client can therefore generate fund formation, acquisitions, financings, tax structuring, executive compensation, capital markets, litigation, and restructuring work. That's why the private equity relationship is so valuable to the firm.
Key Terms to Know
| Term | What it means |
|---|---|
| Sponsor | The private equity firm that manages a fund and makes investments |
| Limited partners (LPs) | The investors in a private equity fund |
| General partner (GP) | The entity, controlled by the sponsor, that manages the fund |
| Portfolio company | A company owned by a private equity fund |
| Leveraged buyout (LBO) | An acquisition funded largely with borrowed money |
| Add-on acquisition | A smaller company bought to combine with an existing portfolio company |
| Purchase agreement | The main contract for buying a company |
| Disclosure schedules | Lists that qualify the seller's representations in a purchase agreement |
| Representations and warranties | Factual statements about the business in the purchase agreement |
| R&W insurance | Insurance that covers losses from breaches of representations, common in sponsor deals |
| Credit agreement | The main loan contract for a financing |
| Continuation fund | A vehicle that lets a sponsor hold an asset longer by moving it from an older fund to a new one |
| Secondaries | Transactions in which investors buy or sell existing fund interests |
| Carried interest | The sponsor's share of fund profits, typically about 20 percent |
What a First-Year Does on a Private Equity Deal
| Deal phase | Junior associate tasks |
|---|---|
| Diligence | Review the target's contracts, leases, permits, and litigation; summarize issues in a diligence memo |
| Drafting | Prepare ancillary documents, officer certificates, resolutions, and disclosure schedules |
| Signing | Manage the signing checklist, collect signature pages, coordinate with specialists |
| Regulatory | Help prepare antitrust and foreign investment filings |
| Closing | Run the closing checklist, track conditions, organize the closing set |
| Post-closing | Organize final documents and handle follow-up obligations |
A Restructuring Primer
Kirkland's restructuring practice is one of the firm's signature groups, and it's a common interest among summer associates who want courtroom exposure on the transactional side.
The Chapter 11 Lifecycle
| Stage | What happens | Junior associate work |
|---|---|---|
| Pre-filing | The company negotiates with creditors and prepares for a possible bankruptcy | Research, drafting term sheets, preparing first-day papers |
| First day | The company files and asks the court for authority to operate (paying employees, using cash, continuing business) | Drafting first-day motions and declarations |
| Case administration | Claims process, contract decisions, creditor negotiations | Research, motions, claim analysis |
| Plan negotiation | The company and creditors negotiate who gets what | Drafting plan documents and disclosure statements |
| Confirmation | The court approves the plan | Preparing for confirmation hearings, witness preparation |
| Emergence | The company exits bankruptcy with a new capital structure | Closing documents and implementation |
Why Restructuring Is Countercyclical
When deal markets are strong, companies refinance easily and restructuring is quieter. When interest rates rise or a sector struggles, more companies need to restructure. Because Kirkland has both a large private equity practice and a large restructuring practice, it keeps busy in both strong and weak markets. Restructuring is also one of the few transactional practices where junior lawyers regularly see the inside of a courtroom.
Litigation at Kirkland
Kirkland's origins are in litigation, and the trial practice remains one of the largest in the country. Litigators handle complex commercial disputes, securities and shareholder litigation, product liability and mass torts, patent cases, antitrust litigation, government and internal investigations, and appeals.
For students, three points stand out:
- Trial focus. The firm has long emphasized trying cases, and junior litigators are trained in trial skills. Ask interviewers how often junior associates take depositions and examine witnesses.
- Sponsor-related litigation. Many disputes arise from private equity deals, including earnout disputes, purchase-price adjustments, and fiduciary duty claims.
- Open assignment applies to litigation too. Junior litigators seek out cases, so you can build experience across several types of disputes.
The Two-Tier Partnership
Kirkland has two partnership tiers:
- Nonshare (income) partners receive a salary and bonus, carry the partner title, and are typically promoted after about six to eight years.
- Share (equity) partners own a stake in the firm's profits.
What this means for you:
| Advantage | Trade-off |
|---|---|
| A faster path to the partner title than most lockstep firms | Nonshare status doesn't guarantee a path to equity |
| Partner-level client exposure earlier | Equity promotion is selective and performance-driven |
| A credential that helps for in-house or lateral moves | Compensation varies widely among partners |
Ask interviewers how long associates typically wait for nonshare promotion in your target group and what share of nonshare partners eventually become share partners.
The Summer Associate Program
Open Assignment
Kirkland's summer program uses an open assignment system that gives summer associates realistic exposure to practice from day one (Kirkland). Rather than being assigned to a rotation, you seek out work from lawyers in any practice. This mirrors the firm's associate system, where juniors build their own practices by finding work they want.
The open assignment model rewards students who are proactive, comfortable approaching partners, and organized enough to manage several projects at once. It can feel unstructured to students who prefer a set rotation.
Timeline
Kirkland's summer associate application opens November 1, 2026. Applicants indicate a primary office and preferred practice groups, interviews run on a rolling basis, and offers are determined once first-semester grades are released (Kirkland).
That matches the broader market: many large firms now recruit 1Ls during their first semester for the 2L summer, and some school-run interview programs for 2028 summer positions take place in January 2027 (LSAC).
1L Program and Office Growth
In 2026, Kirkland began offering a four-week summer experience for 1Ls who've committed to the firm for their 2L summer, so they can explore practice areas early. Its Miami office illustrates the firm's growth: the 2026 summer class there had 21 students, up from eight in 2023, with 34 expected in 2027. The firm reported hiring 11 percent of Miami applicants and an 85 percent offer-acceptance rate (Kirkland, citing the Daily Business Review).
Practice Deep Dives for Summer Associates
Because open assignment lets you work across practices, use your summer to sample the groups below. Here's what each looks like day to day.
Investment Funds
Funds lawyers represent sponsors raising private equity, credit, infrastructure, real estate, and secondaries funds. The work is document-heavy and relationship-driven: you'll draft and negotiate limited partnership agreements, side letters with investors, and subscription documents, and you'll help structure funds for tax and regulatory purposes. Funds work suits students who like precise drafting, enjoy negotiation, and want relatively steady, long-term client relationships. Hours can be heavy around fund closings, but fundraising cycles are more predictable than M&A.
Debt Finance
Debt finance lawyers negotiate the loans that fund acquisitions and keep portfolio companies running. At Kirkland, they typically represent borrowers and sponsors rather than banks. Juniors draft credit agreements, security documents, and closing deliverables, and coordinate with local counsel around the world. The pace follows the M&A market, with peaks when deals sign and close. It's a good fit if you like structured problem-solving and detailed contracts.
Capital Markets
Capital markets lawyers handle IPOs, high-yield bond offerings, and other securities transactions, often for sponsor-backed companies. Juniors work on diligence, draft parts of offering documents, and manage SEC filings. Expect intense periods tied to market windows.
Tax
Tax lawyers structure acquisitions, funds, and restructurings to manage tax consequences for sponsors, investors, and companies. Junior tax associates research complex issues and draft structuring memos. Tax suits students who enjoy technical analysis and want a practice that's central to every deal but less dominated by closing-day crunches. An LL.M. in tax isn't required, but coursework in federal income tax and partnership tax helps.
Executive Compensation and Benefits
These lawyers design management equity plans, negotiate employment agreements for portfolio company executives, and handle benefits issues in acquisitions. The work combines tax, securities, and employment law.
Intellectual Property Litigation
Kirkland's IP litigators handle patent trials, often for technology and life sciences companies. A technical background is helpful but not always required. Juniors research claim construction issues, work with experts, and prepare for trial.
Antitrust and Government Enforcement
Antitrust lawyers clear mergers with competition authorities and defend investigations. Government enforcement lawyers handle investigations by the DOJ, SEC, and other agencies. These groups are concentrated in Washington, D.C., and offer regulatory and policy exposure.
Making the Most of Your Kirkland Summer
| Week | Goal | Tactics |
|---|---|---|
| 1 | Get oriented | Attend training, meet your mentors, take your first assignment from the group you're most curious about |
| 2 to 3 | Sample practices | Take one project from each of two or three different groups |
| 4 to 6 | Go deeper | Ask for a second assignment from teams you liked; volunteer for meetings, calls, and court appearances |
| 7 to 8 | Show reliability | Deliver polished work on time; follow up with supervising lawyers for feedback |
| Final weeks | Plan your next step | Tell recruiting and your mentors which groups you'd like to join |
Tips:
- Treat every assignment like client work. Polish matters; so do deadlines.
- Ask clarifying questions at the start, including the format, deadline, and scope of each project.
- Keep a record of each assignment, the supervising lawyer, and feedback received.
- Attend events, but not at the expense of work quality.
- Don't overcommit. Turning down an assignment politely is better than delivering late.
What Kirkland Looks For
| Trait | Why it matters at Kirkland | How to show it |
|---|---|---|
| Strong first-semester grades | Offers are made on first-semester grades | Prioritize exams; don't neglect legal writing |
| Initiative | The open assignment system rewards self-starters | Examples of building something or seeking responsibility |
| Commercial interest | Private equity clients drive most of the work | Know how a leveraged buyout works and why sponsors hire law firms |
| Resilience under pressure | Deal and restructuring timelines are intense | Stories about deadlines, competing demands, high-stakes work |
| Office commitment | Applicants pick a primary office | A clear reason for your chosen city |
Interview Preparation
- Learn the basics of private equity: what a fund is, how a buyout is financed, what a portfolio company is, and how sponsors exit.
- Know the difference between Kirkland's restructuring role and a creditor-side practice. Kirkland is best known for representing debtors.
- Prepare an answer about the open assignment system: why it suits you and how you'd manage it.
- Have a story about initiative, such as when you sought out responsibility without being asked.
- Ask about the partnership tiers and associate development in your target group.
Sample questions to ask interviewers:
- How do junior associates in your group find their first matters under open assignment?
- What distinguishes associates who make nonshare partner early?
- How has the growth of [office] changed the work juniors get?
- How much cross-office staffing does your group do?
Application Checklist
| Item | Tips |
|---|---|
| Resume | One page; highlight leadership, prior work experience, and any finance or business exposure |
| Transcript | Include first-semester grades as soon as they're available |
| Writing sample | Usually your legal writing memo; edit it carefully |
| Office choice | Pick a primary office with a clear connection |
| Practice preferences | Indicate real interests, not just the most popular groups |
| References | Professors, legal writing instructors, or former supervisors |
| Story bank | Five to six short examples: initiative, teamwork, pressure, leadership, failure, why Kirkland |
Interview Questions to Expect
| Question | What the interviewer is looking for | How to answer |
|---|---|---|
| Why Kirkland? | Specific interest in the firm's work and model | Mention private equity, restructuring, trial work, or open assignment, plus a conversation you had with a Kirkland lawyer |
| Why this office? | Commitment to the city | A genuine connection and career reason |
| How would you handle open assignment? | Initiative and organization | Describe how you've managed several projects at once and sought out responsibility |
| Tell me about a time you worked under pressure | Resilience | A specific example with a clear result |
| What do you know about private equity? | Commercial awareness | Explain the fund lifecycle in a few sentences |
| What practice interests you and why? | Thoughtfulness | Link your interest to prior experience or coursework |
| What questions do you have for me? | Curiosity and preparation | Ask about their path, their group's work, and how juniors get experience |
Compensation
Kirkland pays at the top of the market for associates. The market benchmark moved in 2026: Milbank raised first-year base salary to $235,000, effective July 1, 2026, with the scale reaching $455,000 for eighth-years (Sartori). Cravath's own published scale remained at $225,000 to $420,000 as of late September 2026 (Sartori). Confirm Kirkland's current base and bonus structure during recruiting.
Bonuses at Kirkland can vary more by performance than at strictly lockstep firms, so ask how hours, reviews, and practice contribute to year-end bonuses.
Culture and Work Environment
Kirkland is often described as entrepreneurial, demanding, and meritocratic. Associates who thrive tend to like autonomy and fast-moving deals. Common points to evaluate:
- Hours: Private equity and restructuring are among the most demanding practices in law.
- Autonomy: Open assignment means more freedom and more responsibility for your own development.
- Office differences: Experience varies by office and group. Talk to associates in your target office.
- Advancement: The nonshare track offers an earlier partner title but a selective path to equity.
Life as a Kirkland Junior Associate
Your First Year
| Period | What typically happens |
|---|---|
| First weeks | Orientation, training on firm systems, initial matters from your summer contacts |
| First three months | You'll pick up assignments across several matters, learning which partners and teams you want to work with |
| Months four to nine | You'll start getting repeat work from the same teams; workload becomes heavier and less predictable |
| End of year one | Reviews; you'll have a clearer sense of your practice focus |
How to Succeed Under Open Assignment
The open assignment system gives you control, but it also means nobody automatically fills your plate. Associates who thrive tend to:
- Say yes early, then become selective. Take varied work in the first months, then concentrate on teams you want to keep working with.
- Track your commitments. Keep a simple list of every matter, deadline, and supervising lawyer. Overcommitting is the most common first-year mistake.
- Communicate capacity honestly. Tell partners when you're full; don't miss deadlines because you accepted too much.
- Find a mentor in each group you like. Midlevel associates are often the best source of work and practical advice.
- Ask for feedback. Don't wait for formal reviews.
Hours and Workload
Private equity, debt finance, and restructuring are among the busiest practices in Biglaw. Expect weeks that are calm followed by stretches of very long days around signings, closings, and court deadlines. Litigation tends to be more predictable week to week, with intense periods before trials and major filings. Ask associates in your target group about their average weekly hours and how often weekends are affected.
Pros and Cons of Kirkland for Law Students
| Pros | Cons |
|---|---|
| Top-of-market pay and very high-profile work | Demanding hours, especially in transactional groups |
| Market-leading private equity and restructuring practices | Open assignment can feel unstructured |
| Early partner title through the nonshare tier | Equity partnership is selective |
| Broad exit options to sponsors, portfolio companies, and other firms | Performance-driven culture isn't for everyone |
| Large and growing summer classes in many offices | Experience varies widely by office and group |
Exit Options from Kirkland
Kirkland's private equity work creates distinctive career paths:
- In-house at private equity sponsors. Sponsors frequently hire Kirkland alumni as in-house counsel or legal operations leaders.
- In-house at portfolio companies. General counsel and deputy GC roles at sponsor-backed companies.
- Investment funds and secondaries. Roles at fund administrators, placement agents, and secondaries buyers.
- Restructuring advisory. Some restructuring lawyers move to financial advisory firms or distressed investors.
- Government. Litigators often move to the DOJ, SEC, or U.S. Attorney's Offices.
- Other firms. Kirkland alumni are in demand for lateral partner and associate roles.
Kirkland vs. Peer Firms
| Firm | Distinctive strength | Contrast with Kirkland |
|---|---|---|
| Wachtell Lipton | Public company M&A and takeover defense | One office, about 272 lawyers, higher profits per partner |
| Latham & Watkins | Global full-service, strong PE and capital markets | Similar scale, more international |
| Simpson Thacher | PE sponsors and funds | Lockstep partnership, smaller |
| Paul Weiss | M&A, litigation, growing PE | New York-centered |
| Sullivan & Cromwell | Financial institutions and public M&A | Traditional lockstep, New York-centered |
Frequently Asked Questions
How Much Revenue Does Kirkland & Ellis Make?
Kirkland reported more than $10.56 billion in gross revenue for 2025, up about 20 percent, making it the first law firm to exceed $10 billion.
What Is a Nonshare Partner at Kirkland?
A nonshare partner holds the partner title and receives salary and bonus but doesn't own equity. Share partners own equity in the firm's profits. Nonshare promotion typically comes earlier than partnership at lockstep firms.
When Does Kirkland's Summer Associate Application Open?
Kirkland's next summer associate application opens November 1, 2026. Interviews are rolling, and offers are determined after first-semester grades are released.
What Is Kirkland's Open Assignment System?
Instead of rotations, summer associates and junior associates seek out work from lawyers in any practice. It gives you freedom to explore practice areas but requires initiative.
Does Kirkland Hire 1Ls?
Kirkland recruits 1Ls for 2L summer positions and, beginning in 2026, offers a four-week 1L summer experience for students who've committed to the firm for their 2L summer.
Is Kirkland a Good Firm for Litigation?
Yes. Kirkland started as a Chicago trial firm and still has a large litigation practice, including complex commercial, securities, product liability, and intellectual property work.
How Many Offices Does Kirkland & Ellis Have?
Kirkland describes a platform of about 4,000 lawyers in offices across the U.S., Europe, Asia, and the Middle East, including New York, Chicago, Washington, Houston, London, Hong Kong, and newer offices such as Nashville, Philadelphia, and Riyadh.
What Do First-Year Associates Do on Private Equity Deals?
First-years typically handle diligence, draft ancillary documents and disclosure schedules, manage signing and closing checklists, and help with regulatory filings.
Sources
- Law.com, Kirkland Reaches $10.5B in Revenue, as PEP Up by 20%
- Law.com, NYLJ 100: Profit Per Equity Partner Leaders
- Everything-PR, Wachtell Lipton 2025 profits explained (Kirkland comparison)
- Kirkland & Ellis, Summer Associate Program, Your Kirkland Experience, and Miami summer class
- LSAC, History of Big Law Recruitment Timelines
- Sartori, BigLaw Salary Scale 2026 and Cravath Scale 2026