NEW YORK (Feb. 09, 2012) — The international law firm Greenberg Traurig, LLP reported 2011 gross revenue of $1.243 billion, again resulting in increased revenues and revenues per lawyer for the firm. The information was released as part of the annual survey of the largest law firms in the United States by The American Lawyer and The National Law Journal.
"We are not followers and recognize that our number of lawyers and gross revenues are only relevant if they actually result in greater client satisfaction and a positive culture and experience for our lawyers," said Richard A. Rosenbaum, Chief Executive Officer of Greenberg Traurig. "This approach, coupled with careful management, allows us to nimbly navigate our own path through a changing world and uncertain economic conditions, resulting in another year of stable and balanced financial performance."
Rosenbaum believes the firm's unique business strategy is the key to client and lawyer satisfaction across all cycles: "Our strategy sets us apart and resonates with clients and lawyers alike. First, we are one large global firm, not the result of mergers or other large combinations that simply add size, with a common, empowering culture. Second, we continue our intense focus on delivering quality and value to our clients through the collaboration of our unusually wide range of top tier signature practices, the unmatched breadth and depth of our U.S. platform and our disciplined global reach."
This week Greenberg Traurig also announced the elevation of 29 of its lawyers to shareholder status. Reflecting the firm's diversified platform and wide-ranging legal experience, the 2012 class represents over 20 different office locations and a range of its key areas of practice, including bankruptcy, corporate and securities, intellectual property, labor and employment, litigation, real estate and tax.
“Our future is in the hands of our new and developing shareholders, and we are very proud of their sustained commitment to addressing client needs,” said Rosenbaum. "We are extremely focused on their integration and adding further value to our clients by the continued development not only of their legal skills but also their skills in the business of practicing law."
Additionally, Greenberg Traurig had a number of high-profile hires in 2011. The firm ranks fourth nationwide on The American Lawyer 2012 Lateral Report "Top Gaining Firms: Lateral Partner Hires" list, with 46 lateral shareholders joining the firm in 2011. The firm also achieved the most overall first-tier rankings, most first-tier metropolitan rankings and most practice areas with first-tier rankings for the United States in the U.S. News Media Group and Best Lawyers® “Best Law Firms” rankings, 2011-2012.
In 2011, the firm opened an office in Mexico City, and announced the opening of an office in Tel Aviv in early 2012. Greenberg Traurig, LLP serves clients from 33 offices in the United States, Latin America, Europe and Asia. In the U.S., the firm's 29 offices represent more locations than any other firm among the Top 10 on The National Law Journal’s 2011 NLJ 250.