Last November, Quinn Emanuel Urquhart & Sullivan managing partner John Quinn stated in no uncertain terms that his high-powered firm, a litigation-only shop that ranks No. 2 in the Am Law 100 in terms of profits per partner, had ruled out a Hong Kong office.
“We looked into it … But I really have the impression that it’s a market that’s beyond competitive with a lot of pressure on billing rates and the revenues and incomes of lawyers impacted accordingly,” Quinn told The Asian Lawyer then. “For us, it was hard for it not to be dilutive.”
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