As Kirkland and Other Big Law Firms Get Bigger, Revolving Lines of Credit Grow
By Patrick Smith
CenterPeak’s Jeffrey Lowe weighs in on the financial infrastructure challenges facing elite firms adapting to an increasingly complex economic environment. As AmLaw 100 firms expand revolving credit facilities by 40% over five years, Lowe's analysis reveals how these "overdraft line of credit" strategies reflect the ongoing evolution in BigLaw financial planning. Kirkland & Ellis's billion-dollar credit facility—more than 10 times the AmLaw 100 average—demonstrates the premium placed on financial flexibility in today's unpredictable economic landscape.
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