September 2, 2016 - 11:04am

Partners in continental Europe affiliated with Dentons are being asked to pay up to $7.8 million in extra capital according a report in the American Law Journal. The world’s largest law firm by attorney head count has asked to inject between 6 million euros ($6.7 million) and 7 million euros ($7.8 million) of additional capital into the business during the next two years. The move, which follows a partner vote in favor of raising capital contributions last month, does not include Dentons’ U.K. partnership or any other part of the Swiss verein-structured firm. The capital call will see European partners be asked to pay in up to an extra 100,000 euros apiece ($111,954) over a two-year period between 2017 and 2018. Partners currently contribute 1,000 euros ($1,120) in capital for every equity point they hold in the business. This will increase to 1,275 euros ($1,427) per equity point, with the firm’s top-earning partners required to add an additional 100,000 euros. The initiative, which affects legacy Salans partnership in continental Europe, was overseen by European CEO Tomasz Dabrowski and European COO Richard Singer.