Quinn Emanuel has posted a 12.6% increase to its topline in its third consecutive year of double-digit growth, with revenue of nearly $2.8bn.
Net income grew even more, with a 16% increase to $1.8bn, pushing the US litigation giant’s profit margin up nearly two percentage points to 65%.
Profit per equity partner (PEP) was up 10.6% year-on-year to $9.5m, despite a 5.1% increase in equity partner headcount, to 187.
Total headcount declined 8.7% from 1,236 in 2024 to 1,128. This reduction helped drive a sharp 23.4% increase in revenue per lawyer (RPL), which approached $2.5m.
Total partner numbers remained the same as 2024 at 293 partners, with growth in the equity tier offset by a reduction in non-equity partners, down 8.6% to 106 from 116.
This shift was reflected in a decline in non-equity compensation, which dipped 4.1% from $230m to around $220.7m, while average compensation rose 13.8% to more than $6.8m.
At the same time, the firm’s total number of fee earners – including both lawyers and non-lawyers – rose nearly 7% to 1,445.
In London, revenue in GBP rose 3% from 2024, hitting a new high of £227.1m, with the office’s profit margin climbing to 68%, up from 65% the previous year.
Total partners as of January 2026 remained unchanged in the London office, sitting at 32.
Quinn also made notable hires in London, bringing over McDermott Will & Schulte’s international arbitration practice co-lead Andrew Savage in November, and continuing to grow into 2026 with its hire of financial disputes and investigations partner William Charles, who joined from Milbank in January.
Notable mandates for Quinn over the last year include its victory in a July 2025 trademark dispute for OpenAI against Open Artificial Intelligence and its founder, Guy Ravine.
The firm also secured victory in the Delaware Supreme Court for long-standing clients Elon Musk and the directors of Tesla, reinstating a ten-year incentive compensation plan that had previously been rescinded by the Delaware Chancery Court. At the time of the initial decision the pay package was valued at $56bn.
Quinn Emanuel is led by co-managing partners Bill Burck (pictured left) and Michael Carlinsky (pictured right), with founding partner John Quinn as executive chairman. The firm maintains 33 offices globally, following the closure of its offices in Perth, Australia and Doha, Qatar in 2025.
