If you want to style a paragraph with a drop cap then you can use the div and ediv shortcodes with a CSS class name.
With a bit of luck the first ‘w’ will be styled as a drop cap. It’ll be a purplish colour with a certain amount of padding.
This second paragraph won’t be styled in the same way.
[div class=dropcap]With a bit of luck etcetera... This second paragraph won't be styled in the same way. [ediv]