Quinn wins again

No wonder the world’s top firms have been bulking up in litigation and arbitration. Since 2011 the total revenue generated by the top 50 litigation firms has grown by $1.5bn (£900m) – a rise of 14 per cent over the period. Since 2008, when we began tracking global litigation revenue, the total has grown by 25.5 per cent, from $19.389bn to this year’s $24.35bn.

And it’s the US firms which top the list, dominating this year’s list of global litigation firms. Quinn Emanuel posted another double-digit rise in fee income in 2012, with the litigation boutique’s disputes-related fee income rising by 15.4 per cent last year, from $724m to $835.5m.

The firm has climbed consistently up the rankings from joint 21st in 2008, with litigation revenue of $385m, to fifth this year ($835.5m). That is a 117 per cent rise in five years.

But while litigation is an engine room of firms’ earnings, many clients are forcing a reworking of fee arrangements. If you’re unconvinced, here’s the in-house view.

To purchase your copy of the Global Litigation Top 50 click here

Also in The Lawyer:

  • American Express (AmEx) has named managing counsel Tim Heine as its interim general counsel as it rejigs its internal reporting structure.
  • UK firms tempt top talent with lifestyle sweeteners to combat the mighty US dollar.
  • Davis Polk & Wardwell secured a lead role in the $2.5bn (£1.5bn) IPO of China Cinda Asset Management, Hong Kong’s biggest global offering so far this year
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