Greenberg Traurig Asks Its Partners For $24 Million...
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|Year of establishment||1967||Number of Partners||465|
|Number of offices||35||Partner:associate ratio||1.60|
|Larget office||Miami||percent women attorneys||31.00|
|Number of attorneys||947||percent minority attorneys||14.00|
|Number of associates||321||percent gay attorneys||1.20|
Miami-headquartered Greenberg Traurig LLP (also Greenberg Traurig, PA) popularly known as GT, is an international, full-service law firm having strength in real estate, litigation, corporate, and entertainment practices. It has close to 1800 attorneys serving through 35 offices located in the United States, Latin America, Europe, the Middle East and Asia. The team of lawyers provides counseling to its national and international clients on federal and state laws relating to regulatory compliance and litigation. GT stood tall amid the global economic downturn, and in 2010 the firm had a record year with its gross revenues climbing by 5% to over $1.2 billion. What industry insiders say about the firm is that it has a 'less bureaucratic,' 'less formal' atmosphere than many peer firms. However, there is a word of caution linked to it as many praise GT's 'entrepreneurial' and 'flexible' environment as good for 'self-motivated' associates, others see a cost attached to it with too much responsibility, with partners allowing associates to 'do anything, all by themselves, without regard to potential' consequences. But, GT still remains one among few law firms in the U.S. providing an attractive career path in the field of law with its diverse work culture and challenging environment. A statement of support by the company shows its commitment beyond the commercial interests. "GT is the first major law firm in the United States to adopt a statement in support of tribal sovereignty in its relationships with Indian tribes and nations. This statement outlines our dedication to the integrity of Native American and indigenous peoples and reflects the unique GT culture that helps set our firm apart." Today the firm is managed by notable names in the legal arena, Chief Executive Officer, Richard A. Rosenbaum; Executive Chairman, Cesar L. Alvarez; its President, Matthew Gorson; and its Chairman and Founder, Larry J. Hoffman. GT had initially had only one associate and one junior partner, and what's more, the firm had no plans of expanding outside the Miami metropolitan area. Founded in 1967 by Lawrence Hoffman, Mel Greenberg and Robert Traurig, GT today has strategic alliances at Milan and Rome. It was not before 1970 when attorneys Norman H. Lipoff and Albert D. Quentel joined with Greenberg, Traurig and Hoffman and also Former Florida governor Reubin Askew was a named partner in the early 1980s while he also sought the Democratic nomination for president. In 1991, GT began to expand nationwide, beginning with the opening of an office in New York City. The growth never took a halt for GT since then. In July 2009, it entered the London market, forming a new UK firm, operating as Greenberg Traurig Maher LLP. The firm now commands a good presence in some of the advanced countries.
GT has been recognized by many noted international law journals, bringing a unique distinction for the firm over industry peers. Working at GT also brings recognition to its lawyers and attorneys. Some of the indicative awards and recognition are as follows.
Has been ranked first in domestic presence (29 US locations) among the Top 10 law firms by The National Law Journal, NLJ 250, 2012
GT stands second for total number of US lawyers among the Top 10 firms, as recognized by The National Law Journal, NLJ 250, 2012
Named as 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
GT stands second on The American Lawyer's 2010 "Lateral Report - Top Gains,"
Ranked among the Top 3, International Law Firm of the Year, The Lawyer Awards, 2009
Named as USA Law Firm of the Year, Chambers and Partners, 2007
GT's lawyers have a unique distinction to be named in The Best Lawyers in America® in 2011 with most attorneys listed of any firm since 2008
Three GT attorneys are included on The National Law Journal's list of "The 100 Most Influential Lawyers in the United States" for 2006
Two GT attorneys are included on The National Law Journal's list of "The 50 Most Influential Women Lawyers in America" for 2007
GT continues to foster diversity, and its commitment goes beyond any single committee - usually seen in a commercial firm. GT is the only Top 20 Am Law 100 firm with a Hispanic or African-American Executive Chairman. Also, it was one of the first Am Law Top 20 firms to have a woman chair its national litigation practice. GT helps today's lawyers become tomorrow's business and legal leaders, which means more business opportunities for everyone - the firm, its team and its clients.
At most of its offices in the U.S., GT offers eight-week summer programs with a target for the associates to complete 10 to 15 assignments over the course of the summer. Summer programs run through the normal working hours, usually means until 5:30 p.m. It also adds fun by hosting attractive lunches for the summer associates every week. In 2009, GT had extended offers to 76 % of its summer associates.
GT provides one of the most liberal and self-motivated working environment for young associates. The firm encourages its lawyers and attorneys to take up leadership roles at different level of profession, thereby bringing in more responsibility and expanding their horizons.
The firm has a hybrid staffing system, with some finding their own work through the free-market system and others getting assignments from an assigning attorney in their practice area or directly from one or two partners with whom they work exclusively. The other notable aspect is that the firm has no rotations, and associates are generally assigned to a practice area and specialty from day one, which is believed to make it difficult to change practice areas or groups later.
It may also be noted that in addition to annual performance reviews, associates also meet with shareholders to discuss business-related aspects of lawyering and their progress towards becoming a shareholder.
Greenberg Traurig Asks Its Partners For $24 Million...
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