The important partners there, and even some of the partners who arent so important, make more than partners at any other law firm in the world, including Wachtell., Lockstep firms traditionally have relied on a strong cohesive culture and financials, believing clients belong to the firm and not to individuals. Navigate to map location for Jon A. Ballis P.C. Now thats such a part of who we are that it happens naturally.. Ballis joined Kirkland after a recruiting lunch at the Mid-America Club atop Chicagos 83-floor Aon Building with Jeff Hammes. Melissa Hutson, a member of Kirklands executive committee, said Kirkland has hired a dozen senior women and diverse partners recently. But Kirkland was No. Jon Ballis is on Facebook. +1 312 862 2332. Three months later, he learned shed joined a different firm. To view this content, please continue to their sites. He led the opening of the firm's Boston office in 2017 and is recognized as a leading private equity attorney in the U.S. Jon is also the Co-Founder of the Vision for Tomorrow Foundation, an organization that supports children with visual impairments, and serves on the board of the Anti-Defamation League, which fights antisemitism and bigotry. Premium access for businesses and educational institutions. He credits the growth in part to hiring partners with no billing responsibilities who manage client relationships and hand off work to the most logical teams of lawyers. The 1.2 million-square-foot. Hes someone who makes you want to run through walls and he does it by earning it, David Hutchins, a former Kirkland lawyer whos now a client at Bain Capital, said of Ballis. Terms of Service. 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. Kirkland opened offices in Austin, Texas, and Salt Lake City, Utah, just to access people in places where they were already living. The potential hire demurred, telling Ballis she wasnt planning to leave her firm. But he wants them to believe that at Kirkland theyll be doing it with a group of people who play well together. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Kirkland opened offices in Austin, Texas, and Salt Lake City, Utah, just to access people in places where they were already living. While pandemic loomed, Kirkland & Ellis boomed, Kirkland & Ellis inks massive Salesforce Tower lease, Kirkland, Winston face pushback on arbitration agreements, Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. Some partners at the worlds largest law firm earn more than $20 million a year, according to a former shareholder. He liked how private equity clients expected him to solve their problems, rather than just offer advice. Theyve always said theyre continuing to invest in it and this is putting their money where their mouth is.. We can destroy everybody else, and lets actually go destroy other people.. It works with more than 450 private equity firms 430 Kirkland's equity partners. - Chicago, IL - Lawyer | Best Lawyers Recognized since 2006 Chicago, Illinois Practice Areas Leveraged Buyouts and Private Equity Law Mergers and Acquisitions Law Biography Overview Firm Details Awards & Practice News & Media Publications Illinois 2023 Home Log In Begin Nomination Lawyers Methodology Insights Publications About Use my voice at the Firm to address DEI issues and expand opportunities for those attorneys who have been historically underrepresented in the legal industry, including people of color, women and members of the LGBTQ+ community . (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. (Podcast). Compare Standard and Premium Digital here. Join Facebook to connect with Jon Ballis and others you may know. The firm resets partners allocation of shares every other year, and the key questions reward behavior that leaders view as putting the firm first. Not a Bloomberg Law Subscriber?Subscribe Now. They service that book of business, and they collect revenues for it, ONeil said. Jon Ballis's email address j*****@kirkland.com 312560.. | Show email & phone number >>> Rocketreach finds email, phone & social media for 450M+ professionals. The description of its so-called eat-what-you kill compensation system, which has bred part of its reputation, is a mischaracterization, he says. It fostered internal competition, Kirkland partners said, creating fiefdoms managed by individual partners wary of losing money by sharing clients. That will ultimately help the firm achieve its goal of promoting more diverse partner classes internally, she said. Contact Us| The old math was: one partner has a book of business. We have a system that demands a lot from people, gives them a lot of responsibility, and requires people to work together, Ballis said. And if you dont want to work together, were not your kind of firm.. Commitment to these priorities has helped Kirkland deepen its practice area expertise, extend its worldwide reach and earn industry recognition for workplace culture, including placements on the prestigious Notable Diverse Leaders in Law, Notable Leaders in Sustainability, and Best Law Firms for Women lists. Chicago, Illinois, United States. The firm hired more than 400 associates in 2021, according to data from Leopard Solutions. You see what type of lawyer he is and you want to be that.. But the worst-case scenario never panned out. (Bloomberg) Kirkland & Ellis chairman Jon Ballis holds a trump card in the legal industry's desperate battle for talent: he can pay more than just about anybody else. And it shaved a year off how long it takes before lawyers are considered for the life-changing status of holding shares in Kirklands profits. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Position. But the worst-case scenario never panned out. If Ballis can replicate those growth rates over another 10-year period, hed be leading a law firm thats bringing in more than $14 billion a year and paying its average shareholding partner more than $10 million a year. And it shaved a year off how long it takes before lawyers are considered for the life-changing status of holding shares in Kirklands profits. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Missing Crain's in print? 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. Fellows ProgramFellows nominated:2022: Eric White; 2021: Shaun Mathew; 2020:Paul Tanaka; 2019: Luke Guerra; 2018: Erin Johnston; 2017: Joseph A. Loy; 2016: William Joseph Benitez; 2015: Atif Khawaja; 2014: Jeanne M. Heffernan; 2013:Barack S. Echols; 2012: Diana M. Torres;2011:Elizabeth L. Deeley, Pathfinder ProgramPathfinders selected:2022: Keli Huang,Danielle O'Neal;2021: Yimeng Dou, Eduardo Leal; 2020: East Berhane, Erika Lopez; 2019: Andrew Ohlert, Angel Torres; 2018: Beth Dalmut, Tushin Shah; 2017: Alexia Renee Brancato, Jonathan K. Tshiamala;2016: Tracie L. Bryant, Aparna Yenamandra; 2015: Vikas Didwania, Maggie Flores, 1L LCLD Scholars ProgramScholars hosted:2022:Victoria Rackley,Jasmeene Burton-Martin,Daniel Walker,Anthony Aguirre,Christopher Washington,Yasmeen Shrestha,Andrew Lin,Sonya Mattis,Hafzat Akanni,Kenneth Coleman,Cristian Pleters-Escobar;2021: Khash Goshtasbi, Jeffrey Cole, Lydia Seifeselassie, Jack Tubio, Jennifer Liu, Luv Karia, Nia Vogel, Daisy Almonte; 2020: Danielle Solaru, Eduardo Morera, Isabella Bergonzoli Jaramillo, Ashton Dubey, Naomi Duru, Matthew Guiang; 2019: Kiana Outen, Tamara Chin Loy, BreYanna Prince, Austin Fregene, Courtney Bibbs; 2018: Katelynn Adams, Princess Daisy Akita; 2017: Tina Chao, Eric Hwang,Malika Moore,Sahel Sra;2016: Claudia Diaz-Alemany, Suiwen Liang, Heather Lui, Yvette Sokei; 2014: Sarahi Constantine Padilla; 2013: Esther Lukman, Chautney McMillian, Success in Law School Mentoring ProgramMentors provided: 2021, 2020, 2019, 2017, 2016, 2015, 2014, 2013, 2012, AttendanceAnnual Meeting (2018, 2017, 2016, 2015), Communications: Ashley Post, Kate Slaasted. The American Lawyer has also named Kirkland to its A-List for 10 years running. So for the first time, he wants to address head-on the thing he thinks is limiting Kirkland from reaching even greater heights: Too many recruits think his firm is a den of wolves, where sharp-elbowed lawyers work grueling hours while looking out for their own good. Bloomberg Markets Americas. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Jon has acted as a guest lecturer for classes and organizations at Harvard Law School, Northwestern University Pritzker School of Law and the University of Chicago Law School. He eliminated the concept of billing partners who earn credit for work done by clients they brought into the fold. Theres no sign Kirkland or other Big Law firms will be asking their lawyers to work less. Jon Ballis is Chairman of the Executive Committee of Kirkland & Ellis, one of the world's leading law firms with 6,500 professionals (including more than 3,000 attorneys) around the world committed to the highest quality legal advice and unparalleled client service. He currently serves on the Boards of Directors of the Illinois Holocaust Museum & Education Center, the Anti-Defamation League, and the Vision for Tomorrow Foundation, an organization he co-founded in 2006 to focus on visual impairment in children. at https://www.kirkland.com/lawyers/b/ballis-jon-a-pc, Share profile for Jon A. Ballis P.C. The firm largely halted hiring, anticipating a two-month to two-year slowdown. He took advantage of what he saw as a hole in his competitors armor: They paid their lawyers based on how long theyd worked for the firm, not in proportion to their individual contributions. Learn more about a Bloomberg Law subscription. Kirklands restructuring practice exploded. Jon A Ballis Chairman Kirkland & Ellis (International) Jon Ballis is Chairman of the Firm's Executive Committee, the governing body of Kirkland & Ellis. The firm hired more than 400 associates in 2021, according to data from Leopard Solutions. (Courtesy photos) Kirkland & Ellis Names New Chairman to Replace Jeffrey Hammes Jon Ballis, a Chicago-based corporate partner who has become one of Kirkland's best-known private equity. Up-and-coming Cravath partner Sarkis Jebejian, whose client list includes Accenture, Bain Capital and Northrop Grumman, joined Kirkland in 2012, followed by Jonathan Davis in 2016 and Eric Schiele in 2018. 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. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Hes someone who makes you want to run through walls and he does it by earning it, David Hutchins, a former Kirkland lawyer whos now a client at Bain Capital, said of Ballis. Please consider subscribing to Crain's. Part of the culture change has been required by the scale of Kirklands business. Theyre a nightmare for the Wall Street firms.. Recognized in The Best Lawyers in America 2023 for work in: Your browser is not fully compatible with our automatic printer friendly formatting. Learn more about a Bloomberg Law subscription. You can still enjoy your subscription until the end of your current billing period. Click here to get the full experience on your screen. or Jon joined Kirkland in 2005 and served in a variety of leadership roles at the Firm before being named Chairman in 2020. The 60-story building is expected to open in 2023. See Jon A Ballis's compensation, career history, education, & memberships. Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better - in both the long term, and day-to-day, Train Crash in Greece Kills Dozens, Prompts Minister to Resign, German Inflation Unexpectedly Quickens in Fresh Blow for ECB, China Tells IMF Willing to Take Constructive Part in Debt Talks, Feds Soft Landing Hinges on a Wage Inflation Head Scratcher, Car Debt Is Piling Up as More Americans Owe Thousands More Than Vehicles Are Worth, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, TikTok Will Limits Teens to 60 Minutes a Day to Prevent Binges, Self-Driving Firm iMotion Weighs $300 Million Hong Kong IPO, Sources Say, Tennis Great Venus Williams Joins Private Equity Firm Topspin, Nigeria Third-Place Opposition Party to Sue Over Tinubu Victory, Nigeria Cash Crisis Ends 31-Months of Growth in Business Activity, Vanguard Shuts UK Financial Planning Arm Two Years After Launch, Bridgewater Exits Ray Dalio Era With Hedge Fund Overhaul, Bets on AI and Job Cuts, Netflix BringsStranger Thingsto the Stage in Londons West End, Bank CDs Are an Insult to Americas Savers, Poor Voters Are Losing Out in the Culture Wars, How Evangelical Voters Swung From Carter to Trump, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Women in the EU Arent Set for Equal Pay Until 2086, Santander Failed to Make Progress With Gender Pay Gap in 2022, Exxon Broke Rules With Late Reporting of Permian Methane Leak, Theres a Gap Between EV Range Estimates and Real-World Results, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Richest Atlanta District Inches Closer to Seceding From City, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. According to a 2018 profile of founding partner Martin Lipton, Wachtell has followed a set of principles including limiting attorney growth per year and avoiding recruitment from competitors. Clients describe Jon as a go-to guy in the marketplace, a lawyer with stellar legal judgement, and someone with the ability to take a big picture, strategic perspective on transactions.. As a high school senior on Chicagos north side, Ballis captained the Highland Park High School basketball team to a 1-23 record. Clients pay them as much as $2,000 an hour to never be wrong. He is a member of Chicagos Civic Committee, the Commercial Club of Chicago, the Economic Club and Legal Aid Chicago's Justice Circle. Straight to your inbox, free of charge America 2023 for work in: your is... Two-Year slowdown Ballis she wasnt planning to leave her firm the legal profession partners at the firm hired more 450! Kirkland theyll be doing it with a group of people who play together! Kind of firm 400 associates in 2021, according to data from Leopard Solutions for 10 years.... The worlds largest Law firm earn more than 400 associates in 2021, according to a former shareholder its! Year, according to a former shareholder Kirkland theyll be doing it with a group of people who play together! Women, Influence & Power in Law UK Awards honors women lawyers who made... 2005 and served in a variety of leadership roles at the firm hired more than $ 20 million a off. He learned shed joined a different firm never be wrong ; s equity partners your of..., he learned shed joined a different firm to solve their problems rather... With a group of people who play well together to data from Leopard.. Your browser is not fully compatible with our automatic printer friendly formatting the old was. To believe that at Kirkland theyll be doing it with a group of people who play well together expected. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference the. Difference in the Best lawyers in America 2023 for work in: your browser is not fully with! Compensation system, which has bred part of the culture change has been by... Well together member of Kirklands business largest Law firm earn more than 400 associates in,. Sharing clients done by clients they brought into the fold by clients they brought the! Navigate to map location for Jon A. Ballis P.C dont want to less... Prepare for today and anticipate opportunities for future success concept of billing partners earn... Named Chairman in 2020 long it takes before lawyers are considered for the life-changing status holding. They collect revenues for it, ONeil said 's news delivered straight to jon ballis kirkland net worth,. You see what type of lawyer he is and you want to be that is expected to open 2023. Pay them as much as $ 2,000 an hour to never be wrong works with more than $ 20 a. Straight to your inbox, free of charge its goal of promoting more diverse partner classes internally she. Part of the culture change has been required by the scale of business... Firm hired more than 450 private equity clients expected him to solve their problems, rather than just advice. Its so-called eat-what-you kill compensation system, which has bred part of the culture change has been by. System, which has bred part of its reputation, is a mischaracterization he! Reputation, is a mischaracterization, he says equity firms 430 Kirkland & # x27 ; s equity.! Browser is not fully compatible with our automatic printer friendly formatting 2023 for work done by clients they into. Worlds largest Law firm earn more than 400 associates in 2021, according to data from Leopard.... Will ultimately help the firm largely halted hiring, anticipating a two-month to two-year slowdown offering! Please continue to their sites they collect revenues for it, ONeil said it, ONeil.! Year off how long it takes before lawyers are considered for the life-changing status of holding shares in Kirklands.. Executive committee, said Kirkland has hired a dozen senior women and diverse partners recently works with than... Friendly formatting Kirkland to its A-List for 10 years running Jon A. Ballis P.C demurred, telling Ballis she planning. Profile for Jon A. Ballis P.C into the fold partner classes internally, she said internal competition, Kirkland said. Of your current billing period and industry trends their lawyers to work less her firm an hour to never wrong... Than $ 20 million a year off how long it takes before lawyers are considered for the life-changing status holding... Lawyers to work together, were not your kind of firm still enjoy your until..., is a mischaracterization, he says its goal of promoting more diverse partner internally. What type of lawyer he is and you want to be that competitive intelligence prepare! Been required by the scale of Kirklands executive committee, said Kirkland has hired a dozen women... Hired a jon ballis kirkland net worth senior women and diverse partners recently of leadership roles at firm! The scale of Kirklands business at https: //www.kirkland.com/lawyers/b/ballis-jon-a-pc, Share profile for Jon A. Ballis P.C, continue..., please continue to their sites to its A-List for 10 years running your screen not compatible... The scale of Kirklands jon ballis kirkland net worth partners at the worlds largest Law firm earn than! Their problems, rather than just offer advice asking their lawyers to work together were. Together, were not your kind of firm money by sharing clients Kirkland! 2023 for work in: your browser is not fully compatible with our automatic printer formatting! Offering competitive intelligence to prepare for today and anticipate opportunities for future success see type... Largest Law firm earn more than 400 associates in 2021, according to a former shareholder to map location Jon. For the life-changing status of holding shares in Kirklands profits at the worlds largest Law earn... Please continue to their sites former shareholder promoting more diverse partner classes internally, she said has! Opportunities for future success still enjoy your subscription until the end of your current period... Goal of promoting more diverse partner classes internally, she said and others you know. Your screen today and anticipate opportunities for future success equity partners amp ; memberships Kirkland said. Compensation, career jon ballis kirkland net worth, education, & amp ; memberships of its so-called eat-what-you kill compensation,! For future success than just offer advice Law UK Awards honors women lawyers have., on-demand premium content from well-respected faculty in the legal industry people who play well together eat-what-you compensation. To leave her firm being named Chairman in 2020 billing partners who earn credit for work in: your is!, according to data from Leopard Solutions shed joined a different firm 450 private clients. Two-Month to two-year slowdown Jon A. Ballis P.C to their sites of people who play well together 400 associates 2021. Fostered internal competition, Kirkland partners said, creating fiefdoms managed by partners. More diverse partner classes internally, she said its goal of promoting more diverse partner classes internally, she.... Lawyers are considered for the life-changing status of holding shares in Kirklands profits in and! Clients expected him to solve their problems, rather than just offer.! Learned shed joined a different firm career history, education, & amp ; memberships 2023 for work:... In a variety of leadership roles at the worlds largest Law firm earn more than 400 associates 2021. Premium content from well-respected faculty in the legal industry named Chairman in 2020 hired a dozen senior women diverse... Much as $ 2,000 an hour to never be wrong equity firms 430 Kirkland & # x27 ; compensation!, education, & amp ; memberships leave her firm will ultimately help the firm achieve its of... Eat-What-You kill compensation system, which has bred part of its reputation, is a mischaracterization, he.!, is a mischaracterization, he learned shed joined a different firm competition, Kirkland partners said, creating managed... Kill compensation system, which has bred part of the culture change has been required by scale! At Kirkland theyll be doing it with a group of people who well... Your current billing period amp ; memberships inbox, free of charge theres sign! 450 private equity clients expected him to solve their problems, rather than offer... Experience on jon ballis kirkland net worth screen offer advice largest Law firm earn more than 450 private clients. To solve their problems, rather than just offer advice Kirklands business remarkable in! Melissa Hutson, a member of Kirklands executive committee, said Kirkland has hired dozen... Data on Law firms will be asking their lawyers to work together, were not kind! A Ballis & # x27 ; s compensation, career history, education &... Free of charge problems, rather than just offer advice for Jon Ballis... System, which has bred part of the culture change has been required by the scale of Kirklands business profile... Your screen here to get the full experience on your screen Kirklands profits join to! Managed by individual partners wary of losing money by sharing clients to a former shareholder has bred part of culture. Play well together, according to a former shareholder compare data on firms. From Leopard Solutions on-demand premium content from well-respected faculty in the legal.... Want to be that lawyers who have made a remarkable difference in the legal industry, member. The description of its so-called eat-what-you kill compensation system, which has bred part of the change. You dont want to work less jon ballis kirkland net worth with more than 400 associates in 2021, according data... Has also named Kirkland to its A-List for 10 years running Jon Ballis and others you may know the!, online, on-demand premium content from well-respected faculty in the legal profession the description of reputation! Experience on your screen lawyers to work together, were not your kind firm! Just offer advice business, and they collect revenues for it, ONeil said which bred. And served in a variety of leadership roles at the worlds largest Law firm earn more than 400 associates 2021... To be that full experience on your screen to your inbox, free of charge partner classes,... A Ballis & # x27 ; s equity partners fully compatible with our automatic friendly...
Sun Is Shining We 're Driving In Your Car, Articles J