The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
DLA Piper Rudnick Gray Cary is snapping at the heels of the world's largest law firms after revealing a global revenue of $1.5bn (£847.3m) for 2005.
On current estimates, the figure puts DLA Piper second only to Clifford Chance, which had a turnover of £914m in 2004-05.
DLA Piper joint chief executive officer Nigel Knowles said: "These results show that we're making good progress in all our key markets, which in turn will enable us to realise our full potential as a global business."
The result is the first for the combined firm since the merger of DLA, Gray Cary Ware & Freidenrich and Piper Rudnick on 1 January 2005.
In 2004-05, DLA recorded a revenue of £322m, while in 2004 Gray Cary turned over $213m (£122.3m), with Piper Rudnick generating $580m (£333.1m).
Last year, DLA Piper overhauled its finances so that the UK arm changed its internal accounting procedures to run from January to December.
Meanwhile, the US arm has changed from reporting its accounts on a cash to an accrual basis.
The merger last year was the start of a process that has seen DLA Piper expand at an unparalleled rate.
The firm opened a slew of new international offices, including Beijing, Dubai and Frankfurt; it also boosted its operations in Brussels, Madrid and Moscow, among others.