Karl E. Lutz

Senior Lecturer


Professor Lutz is a graduate of Yale College and Michigan Law School. He practiced business law in the Chicago and New York offices of Kirkland & Ellis for more than 22 years, specializing in private equity, M&A, leveraged acquisitions, venture capital, debt and equity financings, management incentive arrangements and board representations. He was a co-founder of the firm’s private equity practice group. Professor Lutz served on Kirkland’s senior management committee for nearly a decade before his retirement from full-time practice, and now focuses on teaching and other outside interests. He has served as general counsel of a public corporation, and has been an expert witness in a wide variety of litigation matters. Professor Lutz taught at Michigan Law School as a Business Law Faculty Fellow for nearly ten years, and has taught at Northwestern for more than ten years.  His teaching has focused on 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. Professor Lutz has taught and lectured at numerous law and business schools, and has chaired, moderated and served on a variety of legal and professional panels. He maintains an Of Counsel relationship with Kirkland & Ellis and conducts annual training programs and mock negotiation sessions for Kirkland summer associates.


  • BA, Yale College
  • JD, University of Michigan

Prior Appointments

  • Business Law Faculty Fellow, University of Michigan Law School
  • Partner, Kirkland & Ellis

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