Biglaw

This Gigantic Biglaw Firm Wants To Get Even Bigger In 2021 And Beyond

This firm is willing to go harder, better, faster, and stronger to build revenue. Is yours?

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‘Your firm is HUGE!’ (Image via Getty)

What’s next for your law firm when it’s already one of the most profitable in America, one of the highest grossing in the world, and one of the biggest on the planet? If you’re the global co-chair of DLA Piper, a Biglaw firm that handily ticks off each of those accomplishments, the answer is do even better by getting even bigger.

In a wide-ranging interview with Bloomberg that touched on everything from office life in a post-COVID world to diversity and inclusion, DLA’s Frank Ryan said he wants the firm to be able to provide “full-service” to all of its clients while at the same time working on high-end projects.

Growing revenue by taking market share is how Ryan said he will measure the firm’s success.

“The real opportunity for us is to drive that top revenue line, and to really build business,” Ryan said, adding, “We want to fight for more work.” …

Last year, he said the firm’s U.S. business grew revenue and profits per equity partner in the high single digits.

With about 90 offices in more than 40 countries and roughly 4,500 lawyers, the firm’s $3,112,130,000 gross revenue in 2019 is just the beginning. “For us, the theme of 2021 is unlocking value in the institution: breaking down walls and building teams to compete for the best work around the world,” Ryan said. That means associates at the firm should get ready for more work — and more varied kinds of work — in the future.

Will other Biglaw firms follow DLA Piper’s intrepid new strategy for success in 2021?

DLA Piper’s New Chair Wants His Giant Firm to Get Even Bigger [Bloomberg]

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Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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