DLA Piper's U.S. operations report that gross revenue declined nearly 14 percent in 2009, to just over a billion dollars. Revenue per lawyer and profits per equity partner fell only about 5 percent, due to cuts in the firm's lawyer ranks; DLA laid off 101 U.S. associates last year. Firm Chairman Frank Burch said the firm broadly cut its expenses and improved its balance sheet by increasing its reliance on paid-in partner capital, while continuing to attract high-profile laterals.
Revenue Plunges 14 Percent for DLA Piper's U.S. Operations
The American Lawyer
February 25, 2010