DLA's Knowles got £1.7m profit share in 2010-11
DLA Piper’s highest earning partner, understood to be joint chief executive officer and managing partner Nigel Knowles, earned £1.711m in 2010-11, up from £1.627m the year before, according to the firm’s LLPs.
Nigel Knowles
DLA Piper International’s LLP accounts, which comprise the firm’s operations in the UK, Continental Europe, the Middle East and Asia, also show that the group pulled in £619.913m in revenue in 2010-11, up from £590.758m the previous year.
Over the same period, operating profit also grew, from £190.129m in 2009-10 to £226.491m in 2010-11. The amount available for discretionary division among partners was £177.535m, up from £135.722m.
The average number of equity partners across the International LLP in 2010-11 was 183, up from 176. However, the number of fixed share partners dropped from 451 to 438.
The LLP accounts also show a breakdown of how the separate regions performed in terms of revenue in 2010-11. The UK was up from £285.3m to £290.2m; Continental Europe was up from £231.1m to £253m; Asia was up from £58.1m to £61m; the Middle East (including the firm’s joint venture in Kuwait) was down from £16.3m to £15.7m.
Separate LLP accounts for the firm’s UK LLP, which comprises the firm’s operations in England, Belgium, Germany, France and China, show turnover was up from £360.3m in 2009-10 to £368.4m in 2010-11.
Capital introduced by partners of the UK LLP in the year was £21.8m, up from £7.1m in 2009-10.
Readers' comments (13)
Anonymous | 2-Feb-2012 6:07 pm
"Operations " sounds medical rather than legal - suggest "activities , "would be more apt
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Anonymous | 2-Feb-2012 6:09 pm
Isnt it time that DLA stopped paying Knowles so much for so little? Dont the fee earning partners realise they are being ripped off by Knowles, Angel, Darwin etc?
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Anonymous | 2-Feb-2012 6:43 pm
Swimming in money.
Isn't it "Sir" Nigel Knowles?
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Aninda Chowdhury, New Delhi | 3-Feb-2012 5:49 am
To be precise its Sir Nigel Knowles !
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Anonymous | 3-Feb-2012 10:02 am
And what does the average support staff member earn ?? Average pay rise last year was 1.25% (ish). As usual the staff that do the work are not rewarded properly.
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LBPERRETT | 3-Feb-2012 10:06 am
I say good4 you, you did something and now you have money, i want ot become a lawyer and go into a partnership, i am not sure what i half to achieve but i need some work experience some where that involves law, i enjoy it and i am in year 10.
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Anonymous | 3-Feb-2012 11:08 am
LBPERRETT, I'm sorry to say that a basic grasp of English and grammar are a good starting point!
You do not want to be like this chap. It may seem like a great idea now, but you'll sacrifice everything you hold dear for very little other than money. Then, at 55 you'll wake up and think "where did my life go?", by which point it will be too late.
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Anonymous | 3-Feb-2012 11:22 am
With remuneration like that, certain factions of the country will be demanding Sir Nigel loses his title a la Fred the Shred...
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Anonymous | 3-Feb-2012 12:10 pm
repeating ad naseam a 9 word firm strategy accross the globe for half a decade really takes it out of you and should be rewarded - its tough at the top!
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Anonymous | 3-Feb-2012 12:18 pm
Well, as he got his knighthood at the end of 2008 (apparently for "services" to the legal sector, although the legal sector is still trying to work out what these services were), and then promptly instigated a mass cull of employees at DLA to maintain partner profits,, he sounds like a good candidate to reappraise for his knighthood.
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Anonymous | 3-Feb-2012 12:25 pm
Does he pay his PR advisor (who painstakingly positioned him for the gong he coveted) out of his own pay or is/was that paid for by DLA?
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Anonymous | 8-Feb-2012 9:52 am
Less than 15 years ago, Nigel Knowles's firm was scrapping for work with firms like Dickinson Dees.
Now they're the second largest firm in the world. They're profitable and they're scrapping for work with firms like Slaughter & May. They're in a different league.
I don't bemoan Knowles taking the lion's share. He's been the driving force behind DLA's success.
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Big sigh | 8-Feb-2012 12:46 pm
It is hard to tell if this is typical anti-DLA speak or an example of the current UK obsession with knocking any one with more than you.
Either way it got tired a long way back.
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