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Quinn Emanuel Urquhart & Sullivan pushed its London revenue past the £200m mark for the first time in 2024, according to the disputes specialist’s latest financial results.
The office, which has around 125 lawyers, grew turnover to £220.1m last year – a 12% increase on 2023. The rise is modest compared to 2023, when a “one-off success fee” helped boost revenue by 47% to £196.6m and profit by 60% to £153.6m.
Profit fell back slightly last year, however, to £143.4m – down 6.6% on 2023. The office’s profit margin also fell, from 78% to 65%.
Richard East, Quinn Emanuel’s London senior partner, said: “We are pleased to report our figures for 2024, which have again shown a very significant increase in revenue. The UK office has for the first time exceeded £200m in revenue, also achieved without any material contingency recovery.
“The slight reduction in profitability this year derives primarily from the write-off of fees and costs relating to a number of historic matters. We are well placed and look forward to 2025, during which we expect to be involved in numerous high-profile trials, appeals and other court proceedings.”
The results were driven by a growing London team, the firm having ended the year with 86 associates – 10 more than at the start of the year – and a consistent partner count of 29. The office also has nine of counsel.
The firm boosted its London partnership early last year with the hire of veteran restructuring and insolvency partner David Ereira, who joined in January after eight years at Paul Hastings. Going the other way, Lambros Kilaniotis left later in the year to join Eversheds as head of its competition litigation team.
Standout work for the London team last year included partners Kate Vernon, Greg Pantlin and David Lancaster acting for IBM UK in its case against Swiss software company LzLabs and connected individuals over claims the Zurich-based company reverse-engineered one of IBM’s foundational technologies.
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