David Fox wrote the playbook that made Kirkland & Ellis the largest law firm on earth. His new venture runs on fewer than 10 people and a corporate structure that finally lets outsiders own a piece of a law firm.
David Fox, the dealmaker credited with turning Kirkland & Ellis into a $10.56 billion firm, has co-founded Irving Technology, a software company powering a new AI-based law firm called Irving. The venture splits into two entities: a lawyer-owned firm and an investor-owned technology company. That split matters more than the AI. It gives law firms their first real access to outside capital and their first asset that can be sold, and it puts a second profit engine next to the billable hour for the first time in a century.
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