Quinn Emanuel has vast experience representing pension funds, other managed funds, and government agencies as plaintiffs in high-stakes disputes filed in the United States and abroad. There are several attributes that set us apart from other firms in this area.
Unique Resources and Experience. Our firm brings a commitment of resources and depth of experience that no other firm can provide. We have 720 lawyers and have over 25 partners who are former prosecutors and high level government lawyers. As a result, our lawyers are keenly attuned to the sensitivities and needs of public pension funds, government agencies, and other managed funds.
Rare Insight into the Other Side. Quinn Emanuel is also unique in that we represent both plaintiffs and defendants in different cases. This gives us rare insight into the thinking of the parties and lawyers on the other side. It also helps bring a level of credibility to our representation of pension funds and other funds when acting as plaintiffs that no other firm can provide.
Balanced Advice Combined with Unparalleled Trial Experience. We also bring unique credibility to our representation of pension funds and other funds when acting as plaintiffs because we do not encourage our clients to file every possible case. Instead, we give balanced advice, including when appropriate, the advice that a case is not worth pursuing. When we do advise clients to file litigation, we do not push our clients to take a cheap settlement. Rather, we work to maximize the value of cases, including by trying them when necessary. Our lawyers have conducted over 2,600 trials and arbitrations – including a significant number on behalf of funds and government entities – and won over 88% of them. Thus, when we serve as counsel to a pension fund or other managed fund, the message is clear that we will try the case if necessary and that the lawyering will be of the highest caliber.
International Litigation Capabilities Unmatched by Any Other Firm. We are alone among firms representing pension funds and other managed funds in that our firm includes major offices in key jurisdictions overseas that are staffed by local lawyers who are admitted to practice law in those jurisdictions. For instance, we have major offices in the United Kingdom, Germany, and Australia (among other countries) each of which represents clients in significant litigation matters in those jurisdictions, including on behalf of pension funds and other managed fund clients. Other U.S. firms representing pension funds lack this capability. As a result, the best they can do is to introduce their pension fund clients to non-U.S. local firms. We represent clients in these multi-jurisdictional matters with Quinn Emanuel partners and associates who are trained and reside in those jurisdictions. Thus, we provide a level of client responsiveness – including for overseas litigation – that no other firm can provide.
Unique Breadth of Experience and Creativity on Behalf of Pension Funds and Other Clients. Our firm developed unique litigation theories and winning arguments that helped recover tens of billions of dollars on behalf of our clients related to residential mortgage-backed securities and other structured financial products, including collateralized debt obligations, credit default swaps, structured currency derivatives, structured notes, equity derivatives, and other more exotic derivatives. We develop cases from the ground up with input from experts – cases no one else has thought to pursue. We have a track record of recovering massive sums for our clients as a result of our creative and aggressive approach. For example, our firm developed a case about manipulation in the credit default swaps (CDS) markets that resulted in a recovery of $1.87 billion for pension funds and other investors. We are regularly evaluating and developing new cases for pension funds and other managed funds.
Unrivaled Track Record Leading Significant Cases. We have been appointed lead counsel in virtually every major financial manipulation case in recent years – including for each of the class actions related to manipulation in the CDS markets, ISDAfix, gold benchmark pricing, Interest Rate Swaps, and sub-sovereign and agency (“SSA”) bonds. Our track record leads to opportunities for our clients to serve as lead plaintiffs if that is their preference. We also have a successful “opt out” practice for clients who prefer not to serve in a class leadership role or otherwise be part of a class action. We know from experience how to maximize recoveries for our clients whether through class or individual actions.