Inside a shake-up at the world's 'most feared law firm'

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Business has been great. In the past year, the firm has represented Elon Musk in his takeover of Twitter and FTX in the crypto exchange's bankruptcy proceedings. It's in discussions to represent Credit Suisse investors against the Swiss government.

In addition to Quinn, Insider spoke with 60 current and former QE attorneys, as well as dozens of others, including competitors, friends, and law-school classmates of the firm's senior management. Together, they revealed previously unreported internal firm rivalries, tensions stemming from the generational changing of the guard, and insights into a revamping of the firm's partnership.

While he often consulted with partners on business decisions, Quinn liked to think of the firm as scrappy — without the layers of bureaucracy that he saw at his Big Law competitors. It wasn't like his firm was developing products or managing portfolio companies like its larger private-equity clients. All it had to focus on was bringing cases and scouting out new opportunities.

For the first time in its history, QE had formed something resembling a management committee. Called a"service committee," it consisted of some of the firm's biggest business generators, and its purpose was to serve the partnership. At least one partner who was involved, who like many lawyers interviewed for this story insisted on anonymity to avoid offending colleagues, questioned just how welcoming Quinn had been to the change.

But Carlinsky also wasn't a yes-man. Known for his blunt demeanor, he was one of the few partners who lawyers could turn to if they wanted to take up a grievance with Quinn. "I didn't have a silver spoon or a plastic spoon," says Carlinsky."I had nothing. I accomplished what I have against all odds, through many challenges, and I've just succeeded."

"That night, my wife goes, 'You gotta stop talking about this guy. It's like you have a man crush on him,'" recalls Carlinsky."And I said, 'I think I do!'" "My goal was consensus, consensus, consensus," says Quinn."Everybody should be happy to the extent possible. I stand by the results."Over three decades at the helm of QE, Quinn was known in some circles as the firm's"Benevolent Dictator."

 

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世界上“最令人恐惧的律师事务所”的内部重组

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