A drive ring bearing has a body with a generally cylindrical outer peripheral surface, and a generally u-shaped cross-section, with over a circumferential portion of the body. A web defines the outer peripheral surface. Radially inwardly extending legs define the u-shape in combination with the web. A plurality of circumferentially spaced feet extend from the outer peripheral surface of the body to an inner peripheral surface of the body. In addition, a diffuser assembly incorporating the drive ring bearing, a compressor assembly including the diffuser assembly, and a method of mounting the drive ring bearing are also disclosed.