Paying the Piper: DLA's £1bn fees have tills ringing

While high street cash drawers may not be ringing, legal tills are certainly jingling as our Litigation Top 50 reveals.

Experts reckon that £1bn will be spent over 24 hours by consumers throwing off their austerity shackles. But there’s no sign of moths emerging from stiff wallets in the global litigation market, with DLA Piper alone generating more than $1bn in revenue in the last financial year from a total of $23.05bn across the world’s top 50 practices.

We’ve used extensive data to map some of the sector’s mega-trends - and our methods are a lot more reliable than those employed by high street electrical stores to come up with the prediction that they’ll sell an iPad every two seconds.

Nevertheless, to get with the Cyber Monday theme of online gifts, we’ve come up with the perfect stocking filler for the lawyer in your life. Get a copy of the full report from next Monday at www.thelawyer.com.

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Also on TheLawyer.com:

Six-year itch: Maples and Calder’s former managing and senior partner Anthony Travers is returning to legal practice after a six-year break, joining offshore boutique Thorp Alberga.

On the right track: Fladgate has posted a 3 per cent increase in turnover at the half-year stage, and is on course for a full-year increase of between 5 per cent and 10 per cent.

Professional negligence conundrum: Pannone, 13 Old Square’s Michael Booth QC and Serle Court’s David Casement QC have become embroiled in a legal battle between Isle of Man millionaire Albert Gubay and his former lawyer Peter Willers in a multi-million pound case set to be heard by the High Court next year.