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&lt;p&gt;Late last year, Barclays sued Bear Stearns in federal court in &lt;?xml:namespace prefix=&quot;st1&quot; ns=&quot;urn:schemas-microsoft-com:office:smarttags&quot;?&gt;&lt;st1:state w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;New York&lt;/st1:place&gt;&lt;/st1:state&gt; over the collapse of Bear&amp;#8217;s &amp;#8220;Enhanced Leverage Fund&amp;#8221;-- one of the two high-profile collapses in July 07 of funds containing large amounts of sub-prime mortgage-backed securities.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Linklaters represented Barclays, and when JPMorgan took over Bear Stearns, things got ugly.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;You see, Linklaters &lt;s&gt;is &lt;/s&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;was on JPMorgan&amp;#8217;s &amp;#8216;panel&amp;#8217; of preferred law firms and JPMorgan understandably didn&amp;#8217;t take kindly to Linklaters pursuing the matter against it own client.&lt;/p&gt;&lt;p class=&quot;story&quot; style=&quot;MARGIN: auto 0in&quot;&gt;According to &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;The Lawyer&lt;/i&gt;&lt;/i&gt;, Linklaters senior partner David Cheyne &amp;#8220;took a stand&amp;#8212;you just can&amp;#8217;t drop a client.&amp;#8221;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;(Not to mention that New York State Bar rules would seem to prevent the firm from simply quitting the case.) So as of today, Linklaters has been ditched from its coveted spot on JPMorgan&amp;#8217;s panel. &lt;/p&gt;&lt;p class=&quot;story&quot; style=&quot;MARGIN: auto 0in&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;story&quot; style=&quot;MARGIN: auto 0in&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;The Lawyer&lt;/i&gt; concludes with a rhetorical question and a prediction: &amp;#8220;So could the major global firms start backing away from financial litigation? There are plenty of transatlantic disputes specialists more than happy to take their place. Step forward, Quinn Emanuel.&amp;#8221;&lt;/p&gt;&lt;p class=&quot;story&quot; style=&quot;MARGIN: auto 0in&quot;&gt;Which brings me to this excerpt of a forthcoming Vault profile of Quinn Emmanuel.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;It seems rather prescient, if I don&amp;#8217;t say so myself: &lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&quot;In May 2008, Quinn Emanuel had opened an office in &lt;st1:city w:st=&quot;on&quot;&gt;London&lt;/st1:city&gt; &amp;#8230; Quinn&amp;#8217;s &lt;st1:city w:st=&quot;on&quot;&gt;London&lt;/st1:city&gt; lawyers will litigate in the &lt;st1:country-region w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;U.K.&lt;/st1:place&gt;&lt;/st1:country-region&gt; courts. &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;Like so much else Quinn does, the focus of the &lt;st1:place w:st=&quot;on&quot;&gt;&lt;st1:city w:st=&quot;on&quot;&gt;London&lt;/st1:city&gt;&lt;/st1:place&gt; office will be unique. &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;Specifically, the firm expects the bulk of its work will be disputes against major financial institutions, which the large, full-service firms will not do.&quot;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;One firm gathers what another firm &lt;s&gt;spills&lt;/s&gt; conflicts itself out of.&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -posted by brian&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&amp;nbsp;&lt;img style=&quot;BORDER-RIGHT: 1px solid; BORDER-TOP: 1px solid; BORDER-LEFT: 1px solid; BORDER-BOTTOM: 1px solid&quot; height=&quot;125&quot; src=&quot;http://tbn0.google.com/images?q=tbn:MJnbES0CgqNFKM:http://www.imotoraway.com/visual/crystal_ball_LG.jpg&quot; width=&quot;98&quot;&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;a Vault writer at work yesterday&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;

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In like Quinn

Late last year, Barclays sued Bear Stearns in federal court in New York over the collapse of Bear’s “Enhanced Leverage Fund”-- one of the two high-profile collapses in July 07 of funds containing large amounts of sub-prime mortgage-backed securities. Linklaters represented Barclays, and when JPMorgan took over Bear Stearns, things got ugly.

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