DLA Piper Withholds Partner Compensation

Law360, New York (October 22, 2009, 3:09 PM EDT) -- DLA Piper is reportedly among the major law firms in the United Kingdom that have held back partner profit distributions as a result of the recession.

The firm held back its August distribution and has yet to make a decision regarding the distribution due in November, according to Legal Week. In 2005, it changed its system to pay partners' quarterly distributions only if billing targets are reached on a firmwide, group and individual level, although monthly distributions have continued, Legal Week reported.

A DLA Piper representative...
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