DLA Piper has posted an 18 percent drop in profits per equity partner for 2009-2010 after a year in which the law firm was severely impacted by market turmoil in the Middle East. The firm saw PEP fall to 527,000 pounds from last year's figure of 645,000 pounds. In 2009, DLA made a number of job cuts in the Middle East, as a result of the firm's troubles in the regional market.
July 14, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
DLA Piper has posted an 18 percent drop in profits per equity partner for 2009-2010 after a year in which the firm was severely impacted by market turmoil in the Middle East.
The U.K. top 10 firm saw PEP fall to 527,000 pounds from last year’s figure of 645,000 pounds, while turnover remained relatively static, dropping by just 1 percent from the total of 581 million pounds taken in during 2008-2009.
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