Also, users should be aware that Kingo root sends your IMEI to an unknown IP address in china during the root process, you have been warned. For more information read the whole OP here

MOD EDIT @ gregbradley Getting ROOT rights to Android 5.0 Lollipop (KingRoot) It is not my work. Taken from a russian forum.1.Download and install latest version of Kingroot to phone.2.Run the application and get the Root. Important - do not restart the device, because it can lead to failure in obtaining Root.3.Enable "USB debugging" and "unknown sources".4.Install the latest version from the PC XZDualRecovery to get full access to reading and writing to the section System (connect your phone to a PC via a cable, run the install.bat to select a number " 1 "on the screen to confirm a request for superuser)5.Phone will reboot automatically to recovery. Install supersu.6.BootFiles to root.