Local firm makes good?

April 30, 2008

DLA Piper gets love from the American Lawyer annual rankings issue today. The magazine points to Piper as one of the few firms for whom a major merger has actually panned out:

The firm has yet to come back down to earth. It has quadruple the number of lawyers of either of its original predecessors. Per-partner profits kept up double-digit growth for five of the last eight years and are up nearly 150 percent since 1999. DLA significantly outpaced The Am Law 100 in average year-on-year growth in revenue per lawyer, profits per partner, and average partner compensation postmerger. And, as the chart shows, the firm grew fast enough in eight years to finally beat the Am Law 100 average in revenue per lawyer in 2007 (it has yet to catch up in profits).

However, the magazine also points out that more than 50 partners have departed the firm since late 2005. I wonder if most of this had to do with lawyers being conflicted out of work that they had always handled, or if there were other major reasons.

CARYN TAMBER, Legal Affairs Writer

Sphere: Related Content

Posted by Jackie Sauter | Filed Under DLA Piper, law 

Comments

One Response to “Local firm makes good?”

  1. Anonymous on May 1st, 2008 7:30 am

    For those of us who are not in that stratosphere, let me say resoundingly, who cares.

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