The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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’s EMEA and Asian businesses today reported a 16.2 per cent revenue hike for the 2008 financial year.
The international firm boosted revenue from £503m in 2007 up to £584.9m during 2008. The EMEA and Asia group far outshone the firm’s US practice, which reported a growth of just 3.8 per cent for 2008 from $1.13bn to $1.17bn.
Average profit per equity partner (PEP) for EMEA and Asia at DLA Piper increased marginally by just under 1 per cent from £640,000 up to £645,000. In the US, PEP grew by 6.4 per cent from $1.21m in 2007 up to $1.29m in 2008.
DLA Piper joint chief executive Nigel Knowles said: “These figures represent a solid performance during what has been an extremely challenging year. Our performance reflects the benefits of diversity both in terms of geography and practice.”
Knowles added that the firm was adjusting to the economic downturn by ensuring it maintains a healthy balance sheet firm wide.
Last week The Lawyer reported that the international firm was making significant layoffs in both US and UK operations. DLA Piper announced that up to 80 associates and 100 support staff in the US could lose their jobs (12 February) just two days after confirming that up to 30 lawyers and 110 support staff in the UK are also at risk of redundancy (10 February).