DLA’s Knowles got £1.7m profit share in 2010-11

DLA Piper’s highest earning partner, understood to be joint chief executive officer and managing partner Nigel Knowles, earned £1.711m in 2010-11, up from £1.627m the year before, according to the firm’s LLPs.

Nigel Knowles
Nigel Knowles

DLA Piper International’s LLP accounts, which comprise the firm’s operations in the UK, Continental Europe, the Middle East and Asia, also show that the group pulled in £619.913m in revenue in 2010-11, up from £590.758m the previous year.

Over the same period, operating profit also grew, from £190.129m in 2009-10 to £226.491m in 2010-11. The amount available for discretionary division among partners was £177.535m, up from £135.722m.

The average number of equity partners across the International LLP in 2010-11 was 183, up from 176. However, the number of fixed share partners dropped from 451 to 438.

The LLP accounts also show a breakdown of how the separate regions performed in terms of revenue in 2010-11. The UK was up from £285.3m to £290.2m; Continental Europe was up from £231.1m to £253m; Asia was up from £58.1m to £61m; the Middle East (including the firm’s joint venture in Kuwait) was down from £16.3m to £15.7m.

Separate LLP accounts for the firm’s UK LLP, which comprises the firm’s operations in England, Belgium, Germany, France and China, show turnover was up from £360.3m in 2009-10 to £368.4m in 2010-11.

Capital introduced by partners of the UK LLP in the year was £21.8m, up from £7.1m in 2009-10.