Law firm DLA Piper posts improved figures
International law firm DLA Piper reported better annual figures, despite falling victim to the ‘Peyta’ cyber attack last year.
The June attack also affected big players such as advertising group WPP and shipping giant Maersk, whose computer systems were knocked out by the incursion.
DLA Piper operates offices in Manchester and Liverpool.
The figures, to December 2017, covering both the US and international operations, show a 6.6% increase in gross revenues of £1.87bn.
Net profits rose 10.2% to £504.169m, while revenue per lawyer improved by 6.8% to £552,538.
Profit per equity partner (PEP) jumped by 6.1% to £1.330m.
The total headcount of lawyers throughout the group reduced during the year by 0.2% to 3,609.
However, the firm announced that it has promoted 62 lawyers to partner status, covering 42 different offices in 20 countries.
The UK promotions affected eight lawyers in DLA’s London office, one in Birmingham and one in Sheffield.
Simon Levine, global co-chief executive of DLA Piper, said: “I would like to congratulate all of our lawyers who have been promoted to partners this year.
“This round of promotions brings to our partnership another highly talented group from across the world who represent the quality, breadth and depth of DLA Piper and are vital to the continued success of our business.”
Jay Rains, global co-chief executive, added: “We are delighted by the promotion of this talented, diverse group of top-caliber lawyers. Their client work and importance to the firm are now a foundational part of our ongoing success and our ability to evolve to meet the challenges of the market, and they will play a key role in our delivery of legal services of the highest quality and value to our clients around the world.
“We look very forward to their ongoing contributions.”
