The head of Olswang’s litigation practice Martin Davies is leaving the firm to join US firm Quinn Emanuel Urquhart & Sullivan.
Davies was re-elected as Olswang’s litigation head in March, with the appointment taking effect on 1 May. One lawyer familiar with the Olswang lawyer said he was leaving partly because he had, “seen it, done it, been there”.
Quinn Emanuel’s average profit per equity partner of above $3m (£1.92m) also compares favourably with Olswang’s figure of £420,000.
“I’d like to thank Olswang for 15 wonderful years and I wish the firm continued success,” Davies said. “However, I now feel ready for this new challenge.”
Davies has acted on a series of major commercial High Court disputes and is regularly instructed on public law issues, conducting judicial reviews for both regulators and applicants.
Unlike Quinn Emanuel’s core London business of financial disputes and insolvency, Davies is best known for media and technology litigation.
Quinn Emanuel managing partner John Quinn said Davies’ arrival represented, “another significant step” towards his firm’s goal of having the premier stand-alone business litigation practice in London.
Olswang senior partner Mark Devereux said Davies had been a valuable member of the firm and wished him well in the next stage of his career.
“We’ve invested significantly in our litigation practice over the last 10 years and now have over 100 litigation lawyers generating over a third of our revenues,” Devereux added.
“Under the able leadership of Richard Bamforth, who took over the role of group head in September, I’m confident that the litigation practice will continue to grow and prosper.”