Quinn Emanuel Shrug Off Departures With London Revenue Growth

Quinn Emanuel Shrug Off Departures With London Revenue Growth 2

US-based Quinn Emanuel Urquhart & Sullivan has had a profit increase in its London office with a reported profit margin for the firm of over 70 per cent, according to a report in Legal Business.

Quinn Emanuel, a LawFuel list prestige firm, is an aggressive litigator that suffered a major talent loss when three senior litigators headed to Wilkie Farr & Gallagher, but it finished 2022 with two fewer partners (at 24) than the previous year.

Boris Bronfentrinker, who lead the departing team was credited with building the office’s highly rated competition litigation practice and took the major group consumer claim against Mastercard with him to Willkie Farr. His departure together with the others had led to predictions from rival firms that Quinn Emanuel would struggle to replace him and his team.

However with a profit of £94.87m, the firm is set to continue its profit growth and London managing partner told Legal Business there had never been a year in the firm’s London existence when there hasn’t been opportunity for growth and further development. The firm increased its London office revenues by 5 per cent for the year.

The firm has matched associate pay and bonuses with any of the big-paying law firm scale payments and has also adopted some additional bonuses itself, such as its recently reported ‘beach retreat’ bonus.

“We’ve never stopped looking at potential opportunities, and that won’t stop. As time moves on and we’ve become a more mature practice, it’s harder to make lateral hires that have any meaningful impact on growth. More and more, we’re looking towards internal promotions. But we never stop looking. There is never an end to the process,” East said.

Quinn Emanuel is a hard-hitting litigation and arbitration specialist outfit that has also been making headlines Stateside with its replacement of Shearman & Sterling to defend Twitter in a class action brought by a Twitter stockholder.

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