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DLA Piper lambasted by staff over payoffs

nonsensical business model It is interesting to see what certain firms have to do in a time of crisis. While firing people in the UK, DLA in the US has moved to a full equity partnership. Wonder why? They are asking salary partners an average of USD150k to join the equity! When didiving the pie: tight equity; when things go bad, bring more people in. In certain countries (in a true "franchise" model where every country is truly separated), they have a equity/non equity ratio as high as 1:10 (in Italy I believe that there are 5 or 6 equity partners for a total of 100 professionals!!!!). How can anybody talk about quality?

11-Mar-2009

5:39 pm