NEW YORK -- Feb. 28, 2018 – Global law firm Greenberg Traurig, LLP reported firmwide revenue for FY2017 of $1,477,180,000, an increase of 7.28 percent over 2016. This is the fourth consecutive year of record-setting revenues for the firm. Additionally, the firm’s Profit per Equity Partner increased 5.42 percent to a record $1,634,000.
Greenberg Traurig also announced the elevation of 42 attorneys to shareholder from 21 of the firm’s offices and 14 practice areas. Female attorneys make up 50 percent of the firm’s 2018 new shareholder class.
“We are thankful to our long-time clients for their continued trust and to our many lawyers and staff for their excellence and collaboration, allowing us to achieve these gains,” said Brian L. Duffy, Greenberg Traurig's Chief Executive Officer. “Attorneys who are passionate about their clients' success and who deliver value will continue to thrive at Greenberg Traurig. We are delighted to elevate this class to our shareholder ranks as they are our future.”
Richard A. Rosenbaum, the law firm’s Executive Chairman, continued: "For decades, we have stood for excellence, value and innovation, allowing us to organically grow and continually find opportunities in change. Our cultural values have remained a constant, linking our past, present and future: one unified firm everywhere which empowers, respects and trusts individuals on the ground in all our markets and practices. We adapt in how we do things, how we deliver and manage our services, how we harness technology and so on; but the Greenberg Traurig spirit is what has always made us different and is our glue."
Developing top-tier teams in key areas of practice important to industry-leading businesses has been a stated strategy for Greenberg Traurig while retaining its focus on delivering value. The elevations in the select areas further reflect the firm’s focus on corporate, real estate, litigation, and intellectual property and technology, in addition to financial services.
Rosenbaum added: “We achieved steady growth in demand in the United States in 2017, where we became the largest firm in the world's strongest legal market, without any merger over the last 50 years.
"Outside the U.S., after a relatively short building period, our focus and discipline have allowed us to achieve strong recognition for excellence in our core areas and higher levels of integration and collaboration, rather than merely growth in numbers of people and locations. These factors have naturally resulted in strong gains in every measure of financial performance, particularly in our European locations, well beyond our increases in headcount. And our shareholders remain hungry for further evolution to satisfy clients' evolving needs," said Rosenbaum.
Elevated to shareholder were:
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.