‘We’re trying to realise our untapped potential,’ says DLA Piper’s co-CEO and international managing partner Charles Severs as he frames the rationale behind the sweeping governance overhaul that is set to take the transatlantic firm closer to global integration than ever before.
Subject to partner approval, the firm is set to dissolve its long-standing Swiss verein structure and introduce a new global holding entity and governance team that will sit above its existing US and International LLPs. Severs and his fellow co-CEO Frank Ryan will serve as global co-CEOs, with Ryan additionally serving as global chair, and the firm will also move to align partner compensation and incentive schemes.
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