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...
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