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DLA Piper chief exec’s pay packet £100K lighter

DLA is a partnership. It is run for profit. It is entitled to pay its Chief whatever it wishes. His remuneration is around twice that of a higher level equity partner. But he does more than twice the work for the money. Under his leadership the firm has become a globally recognised name with offices all over the world, boasting a gross fee income in excess of half a billion pounds sterling. His achievements have been recognised by British society and have been acknowledged by Her Majesty with the award of a knighthood. He was one of the first British lawyers to greet the US President. He is exactly the sort of leader the firm needs at what is undisputably a challenging time. The Chief's pay packet is a mark of the success of the firm even during a savage recession, yet the reduction in his take-home pay by a substantial amount shows that the pain of economic retrenchment is shared at the very highest level. Clearly many of the contributors here have too much time on their hands. Not a few of them are incapable of writing grammatically, cannot spell, or count, unlike Sir Nigel. They will never achieve his eminence and may well wish to reflect on whether they made the correct career choice in joining a tough and demanding profession. The news that the deadwood at the associate level is waiting to leave on the next flood of the tide is surely to be welcomed by those committed to the long-term future of this exceptional law practice. It will remain a market leader long after its detractors have passed deeper into the obscurity - and anonymity - in which they currently languish.

27-Jul-2009

7:24 pm