He now faces the challenge of driving success while competition for top legal talent is fierce. Aaronson Rappaport Feinstein & Deutsch, LLP Is Pleased To Announce Patrick P. Mevs & Daniel W. Milstein Have Become Members Of The Firm. Ballis was selected the firms chairman in 2018 by a group of senior partners. Debevoise Is Ready, Napoli Shkolnik Sues Own Attorney, Alleging 'Quiet Quitting', 'It Was Every Lawyers Nightmare': Florida Attorney Faces $2.3M Verdict Against Him. Ballis graduated with a Soviet studies major from Lehigh University in 1991, took out loans to go to Harvard Law School, and returned to Chicago to work at Sidley Austin. Aug 30, 2021 Kirkland & Ellis, Chicago's largest law firm, announced Monday it is moving its Chicago office to a new 60-story building currently under construction. While Ballis admits Kirkland demands much of its people, his argument that the firm is misunderstood boils down to this: He says its been working to ferret out selfish, greedy behavior for more than a decade. There is an arrogance that were the best. He served as chair-elect for a year. Jon A Ballis is Partner at Kirkland & Ellis LLP. Partners at the firm took home $6.3 million on average in 2019, more than any other U.S. firm, according to the latest AmLaw rankings. Don't miss the crucial news and insights you need to make informed legal decisions. But Ballis is making a statement in going after Kirklands first prominent hire from Wachtell, a New York firm known for its M&A prowess that rarely, if ever, loses its partners to rivals. Click here to get the full experience on your screen. We use cookies to enhance your experience. Kirkland and Paul Weiss were both among the 10 busiest firms by deal value, representing clients on deals worth $202 billion and $197 billion, respectively. And his reasons for making the sales pitch are pragmatic: Kirklands reputation is making it harder to win the next game on his schedule. The description of its so-called eat-what-you kill compensation system, which has bred part of its reputation, is a mischaracterization, he says. VIDEO: Big Laws Big Paychecks: Partner Compensation, Explained. Jon A. Ballis took charge at Kirkland & Ellis 68 days before the pandemic was declared. Thats the definition of success here, said Sophia Hudson, who joined Kirkland from Davis Polk, a long-time lockstep firm, in 2018. Suite 3200 During his career, Jon has handled matters on behalf of many of the leading private equity firms in the country, including Bain, Blackstone, Centerbridge, Cerberus, Hellman & Friedman, KKR, Madison Dearborn, Pritzker Group, Silver Lake, TPG, and Thomas H. Lee. Learn more about a Bloomberg Law subscription. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Morning Docket Morning Docket: 12.12.18 . Missing Crain's in print? There was no vote; he was the consensus choice. The potential hire demurred, telling Ballis she wasnt planning to leave her firm. Some partners at the world's largest law firm earn more than $20 million a year, according to a former shareholder. Chicago, Illinois, United States. (Bloomberg) Kirkland & Ellis chairman Jon Ballis holds a trump card in the legal industrys desperate battle for talent: he can pay more than just about anybody else. Anti-Defamation League, Civic Committee, Commercial Club of Chicago, Economic Club, Illinois Holocaust Museum, Legal Aid Chicago Justice Circle, Vision for Tomorrow Foundation. analyse how our Sites are used. The surge in demand has forced Kirkland into a hiring binge during a year in which the 50 largest firms saw compensation costs soar 16.5%, according to Citi Private Bank. One former share partner said it didnt ring true that Kirkland had quietly transformed into a collaborators dream. Shed be part of a team at Kirkland doing more important, interesting work than anywhere else, Ballis told her. He has long been recognized as one of the leading private equity attorneys in the United States, with Chambers USA recognizing him in every edition since 2004 and The Best Lawyers in America listing him in every edition . Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. And the misconception of who we are is not helpful to our institution.. Rival firm leaders had questioned whether he would continue Kirklands aggressive hiring strategy. Kirkland opened offices in Austin, Texas, and Salt Lake City, Utah, just to access people in places where they were already living. Details. To view this content, please continue to their sites. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. The demands of billing 2,500 to 3,000 hours a year, though, has come at a cost. For cost savings, you can change your plan at any time online in the Settings & Account section. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. That makes Ballis task all the more difficult. About; Map. Jon Ballis is one of the young stars of the Kirkland & Ellis buyouts practice, and a standout player for private equity firms doing deals in America's third largest city of Chicago, centre of the . And his own leadership style, characterized by a dedication to managing the firm like a sports team, represents its dedication to a high-performance, collaborative culture. But he wants them to believe that at Kirkland theyll be doing it with a group of people who play well together. P.C. Expert Focus. Jons passion and commitment to excellence carries into his philanthropic activities and board positions. https://www.law.com/2018/12/07/kirkland-ellis-names-new-chairman-to-replace-jeffrey-hammes/. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. I hate the term book of business.. Kirklands reputation has been around so long, its hard to determine where it even began. on LinkedIn, Share profile for Jon A. Ballis P.C. But he wants them to believe that at Kirkland theyll be doing it with a group of people who play well together. Kirkland & Ellis was named an LCLD Top Performer in 2013, 2015, 2016, 2017, 2018, and 2022. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Jon A. Ballis of Kirkland & Ellis is a Who's Who in Chicago Business 2023 for Crain's Chicago Business. Some partners at the. Log in to access all of your BLAW products. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Both options are priced the same. Its what veteran legal recruiter Mark Jungers calls the Kirkland effect., That private equity, litigation, bankruptcy shop that used to be really great coming out of Chicago, theyre not that anymore, Jungers, co-founder of Lippman Jungers, said of Kirkland. That conversation happens often. There was no vote; he was the consensus choice. Capital markets lawyers went into overtime helping companies raise debt to survive. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Law.com Editors and Analysts Offer Top Trends to Watch for 2023. 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Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. But Kirkland was No. To contact the reporter on this story: Meghan Tribe in New York at mtribe@bloomberglaw.com; Roy Strom in Chicago at rstrom@bloomberglaw.com, To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Tom P. Taylor at ttaylor@bloomberglaw.com. High-quality journalism isn't free. License our industry-leading legal content to extend your thought leadership and build your brand. You may change or cancel your subscription or trial at any time online. Taiwan Will Give Tourists Perks Worth $165 Each to Boost Economy. The 60-story building is expected to open in 2023. Three months later, he learned shed joined a different firm. He wants people like him who relish the hard work. Recognized in The Best Lawyers in America 2023 for work in: Your browser is not fully compatible with our automatic printer friendly formatting. Jon Ballis's Email & Phone Number Chairman @ Kirkland & Ellis LLP. in Trial Advocacy, A Corporate Counsel Guide to Successful Contract Lifecycle Management, Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, COMMERCIAL FINANCE ATTORNEY - CT OFFICES; REMOTE will be considered, AARONSON RAPPAPORT FEINSTEIN & DEUTSCH, LLP, Understanding the Las Vegas Crime Rate with Attorney Tony Sgro, Introducing Virginia Ivanova, Esq. Over his 30-year career, he has been recognized as one of the leading private equity M&A attorneys in the United States and has represented many of the worlds leading private equity firms. Of a team at Kirkland & amp ; Ellis LLP markets lawyers went into overtime helping companies raise to... On LinkedIn, share profile for jon A. Ballis took charge at Kirkland theyll be doing it with group! Jons passion and commitment to excellence carries into his philanthropic activities and board positions crucial news insights! 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