According to Above the Law, Kirkland & Ellis, described as the world's richest law firm, has decided to stop sharing its revenue figures with the media. The firm reportedly concluded that after reaching $10 billion, the numbers no longer offer "meaningful value." This marks a shift in how the firm views public financial disclosure.
The same report also highlights a growing tension in legal education. Large law firms say they want lawyers who know how to use AI, yet some law schools are outright banning AI tools. The source notes this could turn into a recruitment problem, as students trained without AI may not meet firm expectations.
Together, these items point to a broader recalibration in Biglaw: less emphasis on headline revenue numbers, more emphasis on technological competence—and a possible clash between law school policies and employer demands.