DLA Piper considers overhauling partnership structure

DLA Piper is considering an overhaul of its firmwide partnership structure, and has planned to discuss a range of options including a shift to an all-equity partnership. Outside the US the firm currently operates a three-tier partnership, consisting of equity partners two tiers of fixed-share partners. The US partnership moved to an all-equity model in 2008, when the 275 salaried partners were asked to contribute capital in return for a direct stake in the firm’s profits. DLA Piper managing director of groups and services, Andrew Darwin, said: “The intention as outlined by our current three-year strategy is to conduct a review of our partner structure and then make a recommendation to the partnership. We will look at a range of options including having one class of partner.”

DLA Piper considers overhauling partnership structure legalweek.com Wed, Jul 20, 2011