Profit at DLA Piper up 17 per cent to £419.3m
DLA Piper’s international turnover was £1.164 billion, down slightly on £1.176 billion in the previous financial year, while profit rose by 17 per cent to £419.3 million thanks to a 25 per cent drop in operating expenses.
In the UK, revenue rose slightly to £391.4m from £388.9m.
The dip in revenue is largely attributable to Asia and Australia, where revenue dropped by 6.2 per cent and 5.7 per cent respectively. The firm said exchange rate movements and Australia’s Covid restrictions were to blame.
Partners were paid £29.9 million in bonuses, a sharp rise of 24.6 per cent on the previous year.