Borrowing Doubles at DLA Piper International, LLP Accounts Show
UK firm Addleshaw Goddard also filed its accounts, which showed strong growth.
January 30, 2020 at 07:01 AM
4 minute read
DLA Piper's international arm more than doubled its borrowing in the financial year to April 2019 while revenue neared £1 billion ($1.3 billion), its newly-filed limited liability partnership accounts show.
Borrowing hit £67.2 million ($87.6 million) at the firm's international entity, which comprises countries outside the U.S., Canada, South America and the Nordic region. The firm attributed the increase to continued investment in the business, including the move of its London office to new premises and investment in the firm's IT systems.
According to the accounts, overall revenues for the firm's international business surpassed the £1 billion ($1.3 billion) during the most last financial year. However, £105.6 million ($137.6 million) of that figure relates to fee disbursements – bills paid on behalf of clients – taking the total turnover figure to just below the £1 billion ($1.3 billion) threshold.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250