tomontoast

The drop caps plugin is fairly self-explanatory. It adds mark-up to your posts and pages which allows you to create wicked drop caps like those shown on <a href="http://instantsolve.net/blog/" rel="nofollow ugc">my blog</a> or in the screenshots.
New in version 2: You can now add drop caps to comments and excerpts as well as post content.
Updating to 2.1: The plugin now adds a <code>span</code> as opposed to a <code>strong</code> tag. Make sure to change your stylesheet.
The plugin now has loads of settings. You can choose which pages to put drop caps on. You can exclude specific posts and categories and you can also choose wether to use the default styling.
The plugin marks-up the first paragraph starting with a capital letter. It makes the first letter into a drop cap and gives the paragraph a class of “first-child” allowing you to style the first paragraph in a different way.
<h3>Update Log</h3>
<ul>
<li>1.2 – Fixed a bug where drop caps wouldn’t appear after images or in paragraphs with attributes.</li>
<li>2.0 – Added loads of settings such as which pages to display drop caps on.</li>
<li>2.1 – Fixed a bug where drop caps wouldn?t appear after quotes and multiple HTML tags. Changed the markup to use <code>span</code> tags as opposed to <code>strong</code> tags. Posts can be excluded by name as well as ID.</li>
</ul>

Drop Caps

The Drop Caps plugin adds drop caps to your posts, pages and comments. It comes with some cool css styling and lots of options.

OTWthemes

Easily create all different kinds of Dropcaps for your WordPress site. Insert Dropcaps anywhere in your site – page/post editor, sidebars, template files. No coding is required. It is all done in a nice and easy interface.
<blockquote>
Upgrade to the Pro version of this plugin – the fastes way to build your WordPress based site including regular updates and premium support: 
 <a href="https://1.envato.market/c/1246358/275988/4415?subId1=cm&subId2=2020&subId3=https%3A%2F%2Fcodecanyon.net%2Fitem%2Fcontent-manager-for-wordpress%2F7431829&u=https%3A%2F%2Fcodecanyon.net%2Fitem%2Fcontent-manager-for-wordpress%2F7431829" rel="nofollow ugc">Content Manager</a> | <a href="http://otwthemes.com/demos/1ts/?item=Content%20Manager&utm_source=wp.org&utm_medium=page&utm_content=upgrade&utm_campaign=cml" rel="nofollow ugc">Demo site</a>
</blockquote>
Dropcaps Options
<ul>
<li>Label </li>
<li>Font</li>
<li>Label Color </li>
<li>Background Color</li>
<li>Size</li>
<li>Border</li>
<li>Border Color</li>
<li>Shadow</li>
<li>Square </li>
<li>Content</li>
<li>Custom CSS Class</li>
</ul>
Insert Dropcaps Anywhere in your site
Basically Dropcaps can be inserted anywhere in your site:
<ul>
<li>Page/post WYSIWYG editor by using the buttion in the editor</li>
<li>In sidebars by using the OTW Shortcode Widget</li>
<li>In template files by using the Dropcaps’ shortcode and WP do_shortcode function</li>
</ul>
Custom styling
If you need to further style an Dropcaps here are your options
<ul>
<li>Each Dropcaps shortcode has it’s unique CSS class that can be used to style all Dropcaps.</li>
<li>Create a new class for each instance of an Dropcaps shortcode in its interface so you can style it individually.</li>
</ul>
Localization/Internationalization
This plugin comes Localization/Internationalization ready. It is following WordPress I18n standards.
Full version of the plugin
Upgrade to the full version of <a href="https://1.envato.market/c/1246358/275988/4415?subId1=cm&subId2=2020&subId3=https%3A%2F%2Fcodecanyon.net%2Fitem%2Fcontent-manager-for-wordpress%2F7431829&u=https%3A%2F%2Fcodecanyon.net%2Fitem%2Fcontent-manager-for-wordpress%2F7431829" rel="nofollow ugc">Content Manager</a> | 
<a href="http://otwthemes.com/demos/1ts/?item=Content%20Manager&utm_source=wp.org&utm_medium=page&utm_content=upgrade&utm_campaign=cml" rel="nofollow ugc">Demo site</a>
<ul>
<li>Custom Responsive Layouts – Build in Seconds</li>
<li>Front-end Editor – Edit your layouts and content in the front-end of your site</li>
<li>40+ Shortcodes with add/edit Interface, Custom and Imported Shortcodes</li>
<li>Insert Shortcodes Anywhere – Layouts, Page Editor, Sidebars, Template files</li>
<li>Insert Sidebars Anywhere – Layouts, Page Editor, Template files</li>
<li>WordPress Widgets Anywhere – Layouts, Page Editor, Template files</li>
<li>Content Sidebars</li>
<li>Support and Updates</li>
<li>Zero Coding Required</li>
</ul>

Dropcaps Shortcode and Widget

Create Dropcaps. Nice and easy interface. Insert anywhere in your site - page/post editor, sidebars, template files.

Drop Caps vs Dropcaps Shortcode and Widget