Biglaw

Top Biglaw Firm Announces $1.73 Billion In 2020 Revenue

Step aside, COVID. You're no match for Biglaw.

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The coronavirus crisis brought unprecedented changes to the legal profession, with some firms instituting salary cuts and others opting for furloughs and even layoffs. But at the end of the day, the biggest and most successful of Biglaw firms came out ahead, posting record revenues, the world’s financial difficulties be damned.

Which top-ranked Am Law 100 firm recently announced its seventh consecutive year of financial growth?

That would be Greenberg Traurig, a firm that’s currently ranked at No. 14, having brought in $1,641,790,000 gross revenue in 2019. According to a press release, in 2020, the firm brought in revenue of $1.73 billion, representing a 5.48% increase compared to 2019.

Richard A. Rosenbaum, Greenberg Traurig’s Executive Chairman, had this to say of the firm’s financial success in 2020:

2020 was a year of unprecedented human challenge, but was also a year of unprecedented strength for Greenberg Traurig: financially, achieving both record revenues and record profits, with a profit-per-partner increase in excess of 6%; culturally, becoming closer than ever; and qualitatively, elevating our excellence and the consistency of our service worldwide.

Congratulations to Greenberg Traurig for coming out ahead during the pandemic. We wonder when other Biglaw firms will begin to humbly brag about their success in these trying times.

Greenberg Traurig Reports 7th Consecutive Year of Record Revenue, Announces Elevations [Greenberg Traurig]
Greenberg Traurig Posts $1.73 Billion in Revenue for 2020 [Bloomberg Law]

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Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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