Reached on his cell phone in Paris late Monday, Pinsolle tells
The Am Law Daily that he’ll remain at Shearman until December 21 and will officially join Quinn Emanuel as the managing partner of its new office in the city on January 7.
“[Quinn Emanuel] has an attractive business model, and I’ve been watching from a distance as they built an elite arbitration practice,” says Pinsolle, noting that by working at a litigation-centric firm he’ll have to worry less about potential conflicts.
“Paris is one of the global centers of international arbitration, and Philippe Pinsolle is one of the leaders of that bar,” said a statement by Quinn announcing Pinsolle’s hire. “To achieve our goal of having a world class international arbitration practice, we had to have an office in Paris and we had to have a civil law expert.”
Pinsolle says that arbitration is the preferred form of dispute resolution in Europe, given the frequent nature of cross-border disputes among litigants based in countries that are grouped closely together, as each side wants to fight on their home turf.
The austerity measures
that have become closely associated with
Europe’s ongoing economic crisis
have manifested themselves in increased disputes over structural changes to long-term supply contracts in the oil and gas sector, says Pinsolle, noting that he currently has several such cases in this area.
Pinsolle declined to say how many lawyers Quinn Emanuel will have on the ground in Paris come January, but does note he will have to make a few hires to fill out his staff. Pinsolle says he’s reached a “gentleman’s agreement” with Shearman not to take on too many associates from his soon-to-be-former firm.
Those rosy financials have helped the firm stay active on the lateral front. In addition to its arbitration hires, Quinn Emanuel has added attorneys in recent months from several other leading Am Law 100 firms.