Where am I?  > Home >  News > International > Germany

Continental DLA in 60% '07 fees surge

Author: Charlotte Edmond

07 Mar 2008 | 15:45

DLA Piper's Continental European offices saw turnover grow by 60% during 2006-07 to make up around a quarter of the firm's revenues outside of the US.

Turnover in the offices grew by £43.6m to hit £116.6m during the last tax year, increasing their share of the firm's non-US turnover from 19% to just over 25%.

Meanwhile, the firm's UK arm saw its turnover grow by £30.3m to £310.2m - making up 67% of the firm's international turnover of £460.4m, down from almost three-quarters (74%) the previous year.

The figures for the international limited liability partnership (LLP), which includes DLA Piper's European, Asian and Middle Eastern offices, are revealed in recent LLP filings in Companies House.

Turnover for the International LLP as a whole increased by £83.1m to £460.4m, with operating profits up £27.7m to £163.9m, despite a £55.4m hike in operating costs to £296.6m.

The firm saw staff costs grow £26.4m to £164.5m, of which the UK accounted for £128.4m.

The firm saw significant staff growth as well with fee earners numbers increasing by 154 to 1551, although only 36 of the new starters were in the UK. Support staff meanwhile grew by 150 to 1987, with 79 new employees in the UK.

Equity partners increased across the network by 17 to 158 and fixed share partners by 38 to 375, although UK numbers remained static. The highest paid partner took home £94,000 more than the previous year, pocketing £1.5m at the year end.

The firm also made notable investment over the year, spending £15.9m on additions and improvements to its assets, including £4m of property, £3.8m on fittings and furnishings and £8.1m on computers and software.

Meanwhile, bank overdrafts across the group increased by £14.2m to stand at £36.3m at the year end, while bank loans rose £897,000 to £7.4m.

More news, deals and comment on DLA Piper

DLA Piper on the Legal Week Wiki

  • Comment
  • News alerts
  • Share
  • Print
  • RSS
  • Linkedin

COMMENTS (TOTAL 0 COMMENTS)

Advertisement

SERVICES SECTION

AWARDS

The British Legal Awards 2009

The British Legal Awards recognize excellence, achievement and innovation. Awards entries open Monday 15 June 2009.

JOBS

Search local legal jobs with Regional Legal

Search the UK for your next legal role using the interactive map feature on Regional Legal. Search by location or search by your particular skill set.

LIFESTYLE

Personal Performance Life & Career Coaching

Empowering Individuals to Achieve Success - Lynn Wong Associates

JOBS

Check out legalweekjobs on twitter

Follow legalweekjobs.com on twitter and get the latest vacancies first. Make social networking work for you and receive updates every time a new job is added.

LINKEDIN

LinkedIn group for in-house lawyers

Join the LinkedIn In-house lawyers group to exchange information and forge working relationships.