DLA Piper chief executive Sir Nigel Knowles has taken a paycut of £100,000 following a challenging calendar year for the world’s largest firm by headcount.
As the firm’s sole plateau partner, Knowles has been hit by a fall in the top of equity figure.
DLA Piper’s equity spread is now £325,000-£1.5m, down from £350,000-£1.6m for the last calendar year.
The majority of partners, however, have seen a rise in income, with average profit per equity partner in the UK and international practices up by just under 1 per cent to £645,000.
The firm’s revenue for the calendar year was up by 16.2 per cent to £584m.
Knowles said the figures represented a “solid performance during what has been an extremely challenging year”.