【briggs and stratton model 130202】DLA Piper revenue grows 5% as firm cites knock-on effects of cyber attack

DLA Piper's non-US turnover grew 5% last year,briggs and stratton model 130202 with the firm stating it is still seeing the knock-on effects caused by

a major cyber attack

.

According to its international LLP accounts, the firm hit £919m in revenues during 2017-18, up from £876.8m the previous year.

In 2016-17, the firm recorded far

higher growth levels

, including a 14% uptick in revenues, though a significant amount of the growth was attributed to exchange rate inflation.

Finance director Claire Chellam said: “Growth in the UK is 10% without exchange inflation and we’re really pleased with that."

She added: "To have the result that we had in a year that had a major disruptive event in it is one that we’re very proud of."

Payment for DLA Piper’s key management team increased by 22% to £44m, up from £36m last year, after the group increased in size.

Profit to be split among LLP members rose slightly this year by 4% to £316m. Last year operating profit saw a 16% increase.

The number of fee earners grew 5% to 2135, while operating costs increased by nearly 6% to £600m.

The firm saw a shake-up in its global management team at the end of 2017, when senior partner Juan Picon left to head up Latham & Watkins' Madrid office. He was replaced by current senior partner Andrew Darwin.

London-based international managing partner Simon Levine was

re-elected to the role

in October for his second four-year term after facing no challengers.

Earlier this month, DLA opened its Dublin offering with the

hire of four partners

from Irish firms, while last year the firm expanded into Latin America through an affiliation agreement with Argentine firm

Cabanellas Etchebarne Kelly

and later

tied up with Danish law firm Delacour

, boosting its headcount by 60.

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