Quinn Emanuel Urquhart & Sullivan co-managing partner Michael Carlinsky. Courtesy photo Quinn Emanuel's 38% PEP Growth Came From Heightened Leverage, High-Profile Cases
Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.
February 21, 2024 at 03:48 PM
5 minute read
Law Firm Profitability
What You Need to Know
- Profits per equity partner at Quinn Emanuel grew to $7.25 million in 2023.
- Lawyers at the firm continue to receive lucrative engagements with A-list clients, including Elon Musk, Tesla, WeWork founder Adam Neumann and Alec Baldwin.
- The firm has expansion plans in Singapore and Dubai and recently opened an office in Wilmington, Delaware.
Quinn Emanuel Urquhart & Sullivan more than made up for the 13% decline in profits per equity partner it experienced in 2022 with a 38.8% increase that raised PEP to $7.25 million in 2023 due to the litigation-only firm's increased leverage and flurry of high-profile matters.
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