Greenberg Traurig upped turnover 6% to $2.3bn in 2023, the 10th consecutive year of record revenue for the 2,700-lawyer US firm.

The increase marks a slowdown on the past few years, with the firm growing turnover 15.8% in 2021 to cross the $2bn threshold for the first time and by 8.6% the next year.  

The firm has also promoted 38 lawyers to shareholder and a further 22 to of counsel, again a step down on the previous years’ 96- and 80-strong rounds.

Thirteen of the new shareholders are women – 34% of the total. As with previous years most of the promotions were in the US, where Chicago gained six new shareholders followed by four in the firm’s Miami headquarters and three apiece in Dallas and Minneapolis. Boston, New York, Austin and Los Angeles each had two, while the remainder were spread between Silicon Valley, Fort Lauderdale, Las Vegas, Philadelphia, Long Island, West Palm Beach, Washington DC, Sacramento and Atlanta.  

The five international shareholder promotions were split between London, where real estate lawyer Ashia Adams was made up alongside litigation duo Elizabeth Fox and Mehmet Karagoz, and Mexico City, which welcomed real estate lawyers Julio Antonio Sardina Pla and Robert Guerrero Comella.

Litigation and real estate dominated the promotions in terms of practice area, gaining 10 and nine new shareholders respectively. Corporate and IP and technology each welcomed four, labour and employment three and the rest of the shareholder promotions were split between eight practices including restructuring, commercial litigation, energy and tax.  

“Our record-breaking financial performance over the past decade of change and disruption underscores the resilience of Greenberg Traurig’s business model, as well as our uniquely diversified set of clients, talent, practices, industries and locations,” said executive chairman Richard Rosenbaum.  

“Our strategies again allowed us to take advantage of opportunities to strengthen virtually all of our key practices and industries, not wasting the crisis. We also rode our momentum into three more key locations where business and wealth are going – Dubai, Riyadh and Singapore – while making significant strides across the US, London, Europe, Asia and Latin America,” he added.

The firm added a pair of real estate partners from BCLP for its Dubai launch last September, a few months after it formed an affiliation with Riyadh-based Khalid Al-Thebity Law Firm, Squire Patton Boggs’ former ally, for its Saudi Arabia debut.  

The firm opened its Singapore office – its fourth in Asia – last April, a year after hiring a trio of Hogan Lovells energy and infrastructure specialists to help support the launch.