Kirkland and Ellis has doubled the notice period for all of its global equity partners from 60 days to 120, while introducing a 30-day notice period for all non-equity partners.
The new notice requirements came into effect this week, so all those that departed the firm prior to the announcement have avoided being held to the new notice periods.
Typically, firms do not have gardening leave so the new constraints will give outgoing partners less leverage in an exit discussion, and will make it harder for other partners and associates to depart with them.
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