DLA Piper presses Asia partners to inject capital
DLA Piper's Asian arm is set to introduce measures requiring all partners to make capital contributions to the global giant. The move will bring the firm's Asian presence in line with DLA Piper International - including the UK - with all partners paying capital contributions increasing over a three-year period. To date, no partners in Asia - either fixed share or equity - have been required to make contributions, as under the existing structure all Asia partners benefit from a 'free in, free out' policy. The current plan is therefore unpopular with some - particularly as it will change partners' tax status.
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