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The moves, according to founder John Quinn, are focused on building the firm's "cash reserves" as the COVID-19 crisis persists and its economic impacts mount. Quinn said the firm’s finances are sound, with no layoffs or furloughs in the works.
May 11, 2020 at 12:42 PM
1 minute read
The original version of this story was published on The American Lawyer
Quinn Emanuel Urquhart & Sullivan founder John Quinn confirmed Monday that the firm has delayed partner distributions that were originally scheduled for April until July to respond to the economic uncertainties of the coronavirus pandemic.
The firm has also adjusted the size of partner draws for April, May and June. The changes will be revisited in July.
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