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 has expanded its traditionally tight equity during the past year, with the number of equity partners at the firm rising by almost 8 per cent.
The firm now has 192 equity partners across Europe, the Middle East and Africa, a rise of 7.9 per on the previous year. There are 595 partners in total.
The increase is a clear signal that the firm is taking steps to open up its equity, which has for years been one of the most restrictive in the UK. In 2006 29 per cent of partners were given a profit share, a figure that has now risen to 32 per cent.
A firm spokesman said: “Our equity model is a reflection of our business. It works for us and evolves as our business does.”
DLA Piper’s equity is purely merit-based and divided into bands of £25,000. The spread at the end of the firm’s last financial year was £325,000-£1.5m, down from £350,000-£1.6m last year.
Chief executive Nigel Knowles has been the only partner at the top level for at least five years.