How Quinn Emmanuel Does it: Sugar-coated bills |

Quinn Emmanuel - the Silicon Valley powerhouse law firm which emphasizes litigation demonstrates some of their fee contracts. Alternative  billing by "America's largest business litigation firm".  - GWC
Sugar-coated bills | Features | The Lawyer:

Alternative fee examples

Three cases provided by Quinn Emanuel for The Lawyer’s annual top 50 firms by litigation revenue:

A

We represent a large insurance company as plaintiff in a very complex, contentious litigation where the potential damages could reach $150m or more.

The law in the area is unsettled.

We have estimated the cost of litigation through trial to be $12m to $15m. Our financial arrangement is as follows:

• Quinn receives a flat fee of $750,000 for (a) the drafting of a complaint and (b) opposing a motion to dismiss.
• Quinn receives a flat fee of $150,000 per month up to a cap of $4.25m.
• Quinn absorbs all fees in excess of $5m.
• Quinn receives 20 per cent of any recovery via settlement or verdict.

B

We represent a hedge fund as plaintiff in a very comSWa dispute over a [collateralised debt obligation]:

• Quinn receives a flat fee of $20,000 per month through trial, regardless of the level of activity in the lawsuit.
• Quinn receives 20 per cent of any recovery via settlement or verdict.

C

We represented a very large, high-tech company that was sued in the US for antitrust price-fixing:

• Quinn files a motion to dismiss the antitrust complaint, reply brief and argument for client.
• Quinn receives nothing if we lose the motion to dismiss.
• Quinn receives a flat fee of $750,000 if we prevail on the motion to ­dismiss (which is what happened).

What Quinn Emanuel does

Quinn Emanuel Urquhart & Sullivan is a 500-lawyer firm, the largest in the US devoted solely to business litigation.

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