Quinn Emanuel UK Shrugs Off Lockdown Effect as Revenue, Profits Soar
Quinn Emanuel Urquhart & Sullivan’s London office has posted a 27% surge in its revenue for 2020, while profits leapt 34%, according to the firm’s latest financial results.
Revenue for the litigation powerhouse’s London office now tops £127.4 million while profits are up to nearly £91 million, the firm announced on Monday.
The firm’s London senior partner Richard East said in a statement: “Given the worldwide pandemic, the resultant economic dislocation and the entire office transitioning to working from home in March, these results are truly astounding. They derive from the total commitment to the service of our clients that has been shown by our London workforce.”
The figures exceed record 2019 growth when the Los Angeles-headquartered firm’s London base broke through the £100 million turnover barrier for the first time, owing to a 20% alongside an 11% increase in profits.
The results appear unhindered by an occasional difficulty in hiring London laterals, which are rare, due in large part to the firm’s major litigation work and potential targets being conflicted out of joining.
However, in August 2020, the firm did manage to snare litigation partner Justin Michaelson from Fried, Frank, Harris, Shriver & Jacobson.
Michaelson, who is a solicitor advocate and also sits as an arbitrator, joined the firm after eight years at Fried Frank.
In early 2020, the firm appointed new London co-managing partner Alex Gerbi, who now runs the London office alongside incumbent Ted Greeno and senior partner East.
The reshuffle came after former co-head Sue Prevezer QC stepped down from the role and later left the firm to rejoin the bar.
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