DLA Piper boosts Asia and Europe PEP figure” />DLA Piper Rudnick Gray Cary has generated an average profit per equity partner (PEP) of £604,000 from the Europe and Asia offices for 2005-06.
PEP grew by 12.9 per cent from last year’s £535,000 to £604,000. It is also a 6.5 per cent increase on the firm’s average global PEP, which was £569,000 in 2005, as first reported by The Lawyer (13 February). Turnover figures for Europe and Asia will not be available until June, but in January DLA Piper recorded a global revenue of £847.3m.
The firm has also extended its footprint in Anglophone Africa with the addition of Tanzanian firm IMMMA Advocates to the DLA Piper Group.
IMMMA has six partners and 11 other lawyers and has offices in the country’s largest city, Dar es Salaam, and the Lake Zone city of Mwanza. Lead Africa partner Charles Morrison said: “I’m very excited indeed about this latest addition to the DLA Piper Group. Tanzania is developing fast and has commercial importance both regionally in East Africa and with its status as, among other things, a leading gold producer internationally.”
IMMMA is the fourth African firm to join the alliance, following Chibesakunda & Co in Zambia, Cliffe Dekker in South Africa and DLA Matouk Bassiouny in Egypt.