DLA Piper turned in a solid financial performance in 2013, achieving slight gains in both revenue and average profits per partner, according to The American Lawyer’s reporting. The firm’s gross revenue increased 1.7 percent last year, to a record $2.48 billion, while its revenue per lawyer rose 3.3 percent, to $625,000.
DLA was unable to carry the top-line growth though to its bottom line, however. The firm’s net income dipped 0.3 percent, to $602 million—still well above the $563 million in net income it achieved in 2011. Offsetting that drop was a 1.7 percent decline in the firm’s equity partner head count, to 454. As a result, DLA’s average profits per partner climbed just over 1 percent in 2013, to a new high of $1.325 million, though its profit margin dipped 1 percentage point, from 25 to 24 percent.
