Kirkland & Ellis attorneys outline key considerations for managing ongoing pay-to-play risks under other applicable regulations.

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On September 3, 2026, the SEC announced a proposal to rescind the Advisers Act pay-to-play rule in its entirety, marking the first proposal by the current SEC administra…

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Company

Kirkland & Ellis

Industry
Law Practice
Location
Chicago, US
Company size
5,001–10,000 employees

About Kirkland & Ellis

As one of the world’s leading law firms, we serve a broad range of clients with market-leading practices in private equity, M&A and other complex corporate transactions; investment fund formation and alternative asset management; restructurings; high-stakes commercial and intellectual property litigation; and government, regulatory and internal investigations. We handle the most complicated and sophisticated legal matters because we don’t just meet industry standards, we create them. We bring innovation and entrepreneurialism to every engagement and, as a result, have long-standing client relationships with leading global corporations and financial sponsors. With more than 7,000 employees (including approximately 4,000 lawyers) operating from offices in 24 cities across the United States, Europe, the Middle East and Asia, we are one of the largest law firms in the world and a top financial performer. At Kirkland & Ellis, we are united in our ambition and drive to move forward. We share core values that help us achieve excellence: collaboration, talent empowerment and respect. Our people are our greatest asset, and we invest in the brightest talent and encourage a variety of perspectives and strengths to create dynamic teams that operate at the pinnacle of their field. Our talented professionals show up every day knowing they will engage in meaningful work, continuous learning and professional development. Firm Chairman: Jon Ballis Follow us on Instagram @lifeatkirkland Content may include attorney advertising.

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