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DLA Piper’s non-US business has released its results for the 2011 calendar year, with turnover rising by just over 13 per cent to £701.6m.
DLA Piper International LLP, which includes the firm’s offices in Europe, Asia Pacific and the Middle East, reported an unaudited fee income figureof£701.6m for 2011, up 13.2 per cent on the 2010 result of £619.9m, which was recorded in the firm’s LLP accounts.
The firm’s UK offices, however, experienced a drop in turnover. In 2010 the figure was £290.2m, while in 2011 it dropped almost 2.5 per cent to £283.1m.
The firm’s continental Europe practice, meanwhile, brought in £259.3m, up 2.5 per cent on the previous year’s figure of £253m.
Asia income was also up 4.6 per cent, from £61m to £63.8m, while the Middle East practice was flat at £15.7m (2 February 2012).
The Australian offices, which were integrated through a merger in May 2011 (31 January 2011), brought in £79.72m.
Average profit per equity partner across the international LLP was also up around 6 per cent, from £564,000 in 2010 to £596,100 in 2011.
The firm recently voted to change its partnership structure to an all-equity model (14 March 2012).
As previously reported, DLA Piper’s global turnover figure for the 2011 financial year, which includes the US side of the business, was £1.4bn (9 February 2012).
In a statement, DLA Piper joint CEO Nigel Knowles said: “Despite what continues to be a tough global legal services market our performance demonstrates the advantages of the firm’s geographic and practice diversity. We are focused on our ambition to be the leading global business law firm and will continue to ensure that we provide our clients with the best possible service wherever they choose to do business.”