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Greenberg Traurig Results Fed by 4% Revenue Growth

Greenberg Traurig reported a healthy year in 2015 with gross revenue rising 4 percent to $1.32 billion and profit per partner up 3.5 percent to $1.475 million.

Net income at the international law firm also increased 5.2 percent to $448 million. The lawyer head count rose 4.5 percent to 1,809 lawyers in 38 offices.

The latest financial results are similar to those in 2014 with the exception of revenue per lawyer, which dropped 0.7 of a percent to $730,000 last year.

Much of the firm’s growth was in Berlin, where the firm opened a 50-lawyer office—its fourth in Europe.

Firm executive chairman Richard Rosenbaum attributed the firm’s continued success to lowering costs per lawyer, improving the firm’s collection rate and taking advantage of strong transactional work in real estate, mergers and acquisitions and corporate.

Additionally, the firm benefitted from an increase in regulatory and advisory work in the four state capitals where it has offices plus Washington, as well as high-level government investigations into white-collar crime and cybersecurity matters.

“On the flip side, you’re seeing a much more competitive environment in general litigation, including things like patent and commercial litigation,” Rosenbaum said Wednesday. “Our focus has been on having really good attorneys work on teams to be more competitive on costs.”

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