Friday, December 13, 2019
DLA Piper Goes Down Under and Gets Even Bigger
DLA Piper Goes Down Under and Gets Even BiggerDLA Piper Goes Down Under and Gets Even BiggerDLA Piper has some springtime news of its own, and it has nothing to do with extra cash for DLA Pipers associates. The giant firm with offices all over the world is getting biggerIm talking 4,000 lawyers big. Good luck finding your friends at that company picnic.The firm, which grabbed the number two spot on The National Law Journals 250 largest law firms ranking in 2010, announced a merger with its partner in Australia DLA Phillips Fox (their partnership dates back to 2006). The merger is slotted for May 1st. This move will add another 600 attorneys to the firms roster, which will make it the biggest law firm in all of the land (Baker McKenzie will be handing over its crown as the number one largest firm unless it finds itself several hundred more lawyers).So whats all the fuss over Australia aside from its fantastic beaches, amazing BBQs and sleep-stealing tennis tournament (for all of you east-coasters dedicated enough to stay up for the 330am Federer-Djokovic match last night)? Three words mergers and acquisitions. Australias got them, and BigLaw firms want them. Last year, the number of Australian mergers and acquisitions welches greater than double that of 2009, reaching $108.5 billion. And according to Tony Holland, CEO of DLA Phillips Fox, corporate Australia is looking much more internationally.Congrats on being literally huge, DLA Piper. My only question for you is whether you plan on making a splash this spring by adding associate bonuses to your newsfeed.
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