Kirkland & Ellis' Unlimited Vacation Policy: Pointless?

Law360, New York (December 3, 2008, 12:00 AM EST) -- Kirkland & Ellis LLP's decision to offer "unlimited" paid vacation for associates could boost morale at an otherwise gloomy time. But it will be of little practical value to associates who prefer a cushy paycheck over vacation days they probably won't use.

“It may make bonus decisions this year a little easier to swallow,” said James Cotterman, a principal at legal consulting firm Altman Weil Inc., referring to an industrywide trend toward reduced bonus payouts in light of the economic downturn.

“But practically speaking, it's hard...
To view the full article, register now.