DLA Piper tops AM Law 100 ranking
DLA Piper has has been recognized as the world’s largest law firm by revenue and headcount in “The Am Law 100,” an annual ranking published by The American Lawyer. This will be the first time that neither Skadden, Arps, Meagher & Flom nor Baker & McKenzie comes in first for the highest gross revenue.
DLA Piper has over 4,000 attorneys, and grossed $2.44 billion in 2012, up 8.6 percent from 2011.
As for profits per partner, DLA Piper was ranked around the middle of the top 100 firms, at No. 54, paying partners an average of $1.3 million.
The profit per partner ranking list is led by smaller, more exclusive firms like Wachtell, Lipton, Rosen & Katz, where the 79 equity partners took home an average of $4.975 million each in 2012, up 11 percent from last year.
DLA Piper’s co-chairman (Americas) Jay Rains said: “Overall, we were pleased with our financial results in 2012, particularly given the challenging global economy, and think this success further validates the geographic and practice group diversity implicit in our global strategy.”
He added: “In addition, we were gratified that this positioning has helped us increase the rate at which we are called upon to assist clients in matters of significance, in almost every practice area. Our top priority continues to be serving clients effectively and efficiently. This ranking confirms our success in that regard.”