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The Scoreboard Goes Dark: An Epilogue To The DOGE Trilogy On Law Firm Profit Maximization
In the first week of October 2026, the world’s highest-grossing law firm announced that it will stop keeping score in public. Kirkland & Ellis informed The American Lawyer by letter that 2026 would be the last year it supplies revenue and profit figures to the press. Public reporting, the firm wrote, “does not provide meaningful value to our clients,” and the rankings it feeds “could incentivize quantitative metrics over qualitative strengths.” Justin Henry, Kirkland Goes Dark on Reporting Revenue and Profits to Media, Bloomberg L. (Oct. 7, 2026).
Japan Law Performance
YMF Law Tokyo
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Fund Expenses: Differentiating Approaches To Expenses For Japan PE/VC Funds
Japan's Ministry of Economy, Trade and Industry revised the Japan model limited partnership agreement in June 2025, expanding fund expense provisions to align with global standards. As international capital flows into Japan's PE and VC markets, fund managers face growing pressure to adopt robust expense allocation policies and procedures to meet LP expectations and avoid regulatory violations.
Japan Finance
SA
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
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