K&L Gates sees departures from Chicago office
K&L Gates is seeing numerous lawyers depart its Chicago office, citing dissatisfaction with strict compensation policies, high overheads or client conflicts.
K&L Gates established a presence in Chicago in 2009 when it acquired local outfit Bell Boyd & Lloyd. The firm currently lists 128 lawyers in the Chicago office, down from 170 in mid-2011. And Bell Boyd had 218 lawyers on its roster before its name disappeared in 2009.
Chicago Business reports that former and current K&L Gates partners attribute resignations this year mainly to expiration of merger-related curbs on pay cuts, and to a mid-January announcement that 2011 firmwide earnings would decline an unexpected 13 to 14 percent.
Read more at www.chicagobusiness.com.comments powered by Disqus