Christmas appears to have come early for Kirkland & Ellis. The law firm, perennially one of the highest-grossing in Big Law and fresh off naming its largest-ever partnership class, filed court papers last week detailing $41.5 million in retainer payments it received on behalf of bankrupt clients Rite Aid Corp. and WeWork Inc. SmileDirectClub Inc., another insolvent company advised by Kirkland, also disclosed last month it paid $2.5 million to the firm. Kirkland, known for its large tier of nonequity partners, disclosed last month that seven of its 205 new partners come from its lucrative restructuring practice. That group made headlines last year for its work representing several cryptocur
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