‘How is it Not a Conflict?’ Debate Surrounds Kirkland’s Billion-Dollar Investment Fund

A Law.com investigation reveals a growing divide over whether U.S. law firms’ in-house investment funds create alignment with private equity clients—or unresolvable conflicts that risk undermining lawyers’ independence.

       

A Law.com investigation reveals a growing divide over whether U.S. law firms’ in-house investment funds create alignment with private equity clients—or unresolvable conflicts that risk undermining lawyers’ independence.