| Turnover: |
£489.3m |
| Profit per equity partner: |
£549,000 |
| Revenue per lawyer: | £376,000 |
| Total number of lawyers: | 1,327 |
DLA PIPERSUS operation shot up The Global 100
last year thanks to the newly combined revenues of
the now merged Piper Rudnick and Gray Cary Ware
& Freidenrich.
The merged entity, which went live on 1 January 2005,
collared some $890.5m (£489.3m) in revenue for 2005, a 12 per cent increase on the sum of the separate
2004 turnovers of Piper Rudnick and Gray Cary.
Piper Rudnick grew its revenue by a respectable 16
per cent in 2004, when it posted $580.5m
(£318.95m), while Gray Cary had a flat turnover of
$213m (£116.9m).
PEP rose by 11 per cent in 2005 to an even $1m
(£549,000), building on the 10 per cent increase made
in 2004 to $900,000 (£494,000). The figure is
much closer to the average PEP of the rest of the DLA
Piper empire its combined Europe, Middle East and
Africa (Emea) arm which posted a PEP of $1.1m
(£604,000).
As part of the merger, the Emea arm of DLA has
changed its financial year-end to 31 December, while
the US operation has switched from a cash-based
system to the accruals method favoured by UK firms.
But while outside the US the firm went mad with
expansion, at home it was busy consolidating its
merger with Gray Cary, fending off competition for its
West Coast technology lawyers, opening in Raleigh
with a team hire and bolstering its New York office with
a half-dozen capital markets lateral partner hires in
2005. The firm opened in Atlanta in May 2006.
High-profile US matters for the firm included
advising the New York Port Authority on the
redevelopment of the World Trade Center site, while
the firms chairman, former Senator George Mitchell,
continues to be highly visible, heading an independent
inquiry into steroid use in Major League Baseball.
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