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’s global revenue edged close to $2bn (£1.09bn) for the 2006 financial year, with turnover up by 17 per cent to $1.8bn (£978.26bn).
Average profit per equity partner (PEP) was also up, rising by 14 per cent to $1.18m (£641,300). The healthy return in profit came despite the firm incurring significant integration costs.
During 2005 DLA Piper hired teams of lawyers from a number of firms, most notably Coudert Brothers, Ernst & Young and Squire Sanders & Dempsey. These arrivals were followed last year by the integration of the 90-lawyer Norwegian practice of DLA Nordic, which has offices in Oslo and Bergen.
During last year the firm’s total number of lawyers grew from 2,850 to 3,200. In addition, DLA Piper’s exclusive alliance of independent law firms, the DLA Piper Group, grew to include new members in Tanzania, Zambia, Ghana and Australasia.
The firm’s joint CEO Nigel Knowles said 2006 was the year when all of the acquisitions from 2005 “started to kick in”.
He added: “To do all that and still make a decent profit is, I think, a great achievement.”
The firm has also hired David Crookston from JPMorgan’s European equities division as its chief operating officer.