NEW YORK – Feb. 21, 2019 -- While many other firms have continued on a path of growth for growth's sake, follow-the-leader expense hikes, guaranteed compensation and merger/verein-mania, global law firm Greenberg Traurig, LLP has stuck to the strategies it announced several years ago.
“We don't measure success by our size, but rather by the level of excellence and value delivered to our clients and their satisfaction,” said Richard A. Rosenbaum, the firm's Executive Chairman. “Our shareholders and associates are here because, as individuals, they are respected, empowered, and paid well and fairly in our meritocracy--what I call, 'profits per me!’ At the same time, in today's environment, our brand has come to stand for a unique blend of excellence, value, and pragmatic, efficient, and trusted advice. In just the past three or four years, our strategies, focused on building on our strengths, have resulted in a much stronger firm by every measure.
“We have seen particularly strong increases in our fast-growing private equity practice, now measured in the hundreds of millions in global revenues and working closely with such areas as our world class real estate, funds, M&A, litigation, technology, governmental, and tax practices,” Rosenbaum continued. “And we have seen 20+ percent revenue increases in a number of our local and regional markets with very measured growth in headcount. While the United States remains the most important global legal market and our strong position there across 30 markets is always key, in Europe, where we were barely known less than 10 years ago, we were just nominated for Global Firm of the Year at the upcoming The Lawyer Awards, and won the award for Private Equity Real Estate Fund Formation Firm of the Year. Our four offices there collectively enjoyed a 60+ percent increase in revenues, while our Asian and Israel strategies and offices have been uniquely productive, and Mexico City enjoyed a strong period of growth in excellence, revenues, and profits.”
“We saw top line revenue growth of about $80 million, with a modest increase in the number of lawyers. This represents our fifth consecutive year of record revenues, while keeping our costs well under control, leading to an increase of almost seven percent in 2018 profits per equity partner,” said Brian L. Duffy, Greenberg Traurig Chief Executive Officer. “Our strong performance in 2018 is a testament to the incredible lawyers and professional staff of the firm who are laser-focused on working hard, as well as smart, to elevate our clients’ experience through innovation and a positive urgency that meets and exceeds their expectations at every phase of the client relationship.”
About Greenberg Traurig:
Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 39 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.