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Late last year, Barclays sued Bear Stearns in federal court in is was on JPMorgan’s ‘panel’ of preferred law firms and JPMorgan understandably didn’t take kindly to Linklaters pursuing the matter against it own client.
According to The Lawyer, Linklaters senior partner David Cheyne “took a stand—you just can’t drop a client.” (Not to mention that New York State Bar rules would seem to prevent the firm from simply quitting the case.) So as of today, Linklaters has been ditched from its coveted spot on JPMorgan’s panel.
The Lawyer concludes with a rhetorical question and a prediction: “So could the major global firms start backing away from financial litigation? There are plenty of transatlantic disputes specialists more than happy to take their place. Step forward, Quinn Emanuel.”
Which brings me to this excerpt of a forthcoming Vault profile of Quinn Emmanuel. It seems rather prescient, if I don’t say so myself:
"In May 2008, Quinn Emanuel had opened an office in
One firm gathers what another firm spills conflicts itself out of.
-posted by brian
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