Karl Lutz is of counsel in the Corporate Practice Group in the Chicago office of Kirkland & Ellis LLP. For more than 22 years, Karl’s practice focused on business law in the Chicago and New York offices of Kirkland & Ellis LLP. He advised clients in private equity, M&A, leveraged acquisitions, venture capital, debt and equity financings, management incentive arrangements and board representations. Karl co-founded of the Firm’s Private Equity Practice. He also served on the Firm’s senior management committee for nearly a decade before his retirement from full-time practice. Additionally, he served as general counsel of a public corporation, and has been an expert witness in a wide variety of litigation matters.

Karl now focuses on teaching business law and transactions (including business law practicums, private equity, leveraged acquisitions, mergers and acquisitions, venture capital, debt and equity financings), the legal profession, negotiations, professional responsibility, finance and accounting. He also conducts annual training programs and mock negotiation sessions for Kirkland summer associates.

Karl has taught and lectured at numerous law and business schools, and he has chaired, moderated and served on a variety of legal and professional panels. He taught at the University of Michigan Law School as a Business Law Faculty Fellow for nearly 10 years, and taught at Northwestern Pritzker School of Law as a member of the residential faculty for more than 10 years. At Northwestern, Karl was selected by the graduating class in 2016 and 2017 to deliver them their "Last Lecture" and was awarded the Robert Childres Memorial Award for Teaching Excellence for 2016–17 (student-voted award for the law school's most outstanding teacher).

Admissions & Qualifications

  • 1975Illinois


  • University of Michigan Law SchoolJ.D.1975
  • Yale CollegeB.A.1972