The London office of business litigation powerhouse Quinn, Emanuel, Urquhart & Sullivan generated almost $9 million in profits during its first year of trading, writes U.K. publication Legal Week.
The firm’s recently released U.K. LLP accounts, filed at Companies House, reveal that revenue for the 2009 calendar year was $11.9 million, suggesting an incredible profit margin of 75 percent. Quinn’s average firmwide profit margin for 2009 was 58 percent, while the most profitable firm in this year’s Am Law 100 — Wachtell, Lipton, Rosen & Katz — achieved a profit margin of 63 percent.
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