Wikipedia

Greenberg Traurig

Greenberg Traurig is a multinational law and lobbying firm[1] founded in Miami in 1967 by Mel Greenberg, Larry J. Hoffman, and Robert H. Traurig.

Greenberg Traurig, LLP and Greenberg Traurig, PA
(doing business as Greenberg Traurig)
No. of offices47
No. of attorneysApproximately 2750 (as of 2023)
Major practice areas
  • Business reorganization and bankruptcy
  • Litigation
  • Securities Arbitration
  • Products Liability & Mass Torts
  • Corporate and Securities
  • Intellectual Property and Information Technology
  • Data, Privacy & Cybersecurity
  • Entertainment
  • Real Estate
  • Tax, Trusts and Estates
  • Global Trade
  • Governmental Affairs
  • Public Finance
  • Environmental and Land Development
  • Gaming
Key people
  • Brian Duffy, chief executive officer
  • Richard A. Rosenbaum, executive chairman
  • Brad D. Kaufman, co-president
  • Ernest LaMont Greer, co-president
Revenue$2+ Billion USD (2023)
Date founded1967
FounderMel Greenberg, Larry J. Hoffman, and Robert H. Traurig
Websitewww.gtlaw.com

As of 2022, it is the ninth-largest law firm in the United States.[2] The firm has 47 offices in the U.S., Europe, the Middle East, Latin America,[3] and Asia,[4] and approximately 2750 attorneys worldwide as of 2024.[5] Its 2023 revenue was well over $2 billion.

Their largest office is in New York City,[6] and their clients have included Diane Von Furstenberg Studios, Conde Nast Publications, The New Yorker, New Yorker staff, former New York City Mayor Rudy Giuliani, and the plastics industry.[1]

History

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20th century

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Greenberg Traurig's founding office in Miami

In the 1970s, Greenberg, Traurig and Hoffman became Greenberg, Traurig, Hoffman, Lipoff, and Quentel with the addition of attorneys Norman H. Lipoff and Albert D. Quentel as named shareholders. The late Florida governor Reubin Askew was a named shareholder in the early 1980s while he also sought the Democratic nomination for president.[7]

Larry Hoffman became managing partner of the firm in 1991, at which point the firm began to expand nationwide, beginning with the opening of an office in New York City.[8] In 1999, the firm expanded further, opening offices in Chicago, Boston, Los Angeles, and Wilmington, Delaware.

In 1999, the firm established the Greenberg Traurig Holly Skolnick Fellowship Foundation was established, which supports Equal Justice Works public interest lawyers.[9] Previously named the Greenberg Traurig Fellowship Foundation, the program was renamed in 2013 in honor of the late Holly Skolnick, a Greenberg Traurig shareholder who helped establish the foundation and served as its president.[10]

21st century

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In 2000, the firm doubled the size of its New York City office by acquiring the local office of Graham & James.

In July 2009, Greenberg Traurig opened an office in London under the name of Greenberg Traurig Maher LLP, since renamed to Greenberg Traurig, LLP. The London office is currently located in The Shard skyscraper.[11]

According to OpenSecrets, Greenberg Traurig was one of the top law firms contributing to federal candidates during the 2012 election cycle, donating $1.49 million, 50.2% to Democrats.[12] By comparison, during that same period Akin Gump Strauss Hauer & Feld donated $2.56 million, 66% to Democrats,[12] while oil conglomerate ExxonMobil donated $2.66 million, 88% to Republicans.[13] Since 1990, Greenberg Traurig contributed $11.2 million to federal campaigns.[14]

Between 2011 and 2013, Greenberg Traurig participated in the American Bar Association's National Pro Bono Week.[15]

In 2013, the firm launched a residency program to hire associates who are not recruited in traditional on-campus interviews by allowing them to spend up to a third of their billable hours in training for a one-year trial period.[16][17][18]

In 2016, Brian Duffy became CEO.[19] In July 2018, founding member Robert H. Traurig died at age 93 in Miami.[20]

In 2020, Greenberg Traurig became the first law firm certified to be net carbon neutral by the Center for Resource Solutions.[21] In October 2022, they were named a Mansfield Rule 5.0 Certified Plus firm, which requires at least 30% of leadership roles and 30% of staffed lawyers come from historically underrepresented groups.[22]

Controversies

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Abramoff lobbying scandals

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Further information: Jack Abramoff Indian lobbying scandal

In January 2001, lobbyist Jack Abramoff left Preston Gates & Ellis to join Greenberg Traurig. At the firm, Abramoff assembled "Team Abramoff", a lobbying team that was implicated in the Jack Abramoff Indian lobbying scandal and the monetary influence of Jack Abramoff.

Chicago patronage

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In 2001, Victor Reyes, who headed the Hispanic Democratic Organization, joined Greenberg Traurig to lead the firm's Chicago lobbying practice. After Reyes's arrival, from 2001 to 2005, Greenberg earned $3.5 million in city-related legal fees, including for representing the city in the United Airlines and RCN Cable TV bankruptcies. U.S. Attorney Patrick Fitzgerald subsequently alleged that Reyes's law office was central to a patronage scheme to funnel city jobs to Richard M. Daley campaign workers. Reyes resigned from Greenberg in August 2005 and was not charged, but prosecutors labeled him as a "co-schemer" in the indictment.[23] Greenberg CEO César Álvarez stated, "I don't know about anything [Reyes] did in the firm that was wrong. I can only know what I have seen, and I only know that he hasn't been charged".[24]

Philadelphia bankruptcy case

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In May 2005, Philadelphia partner Robert S. Grossman pleaded guilty to charges that he had lied in a 1996 bankruptcy case to cover up his improper diversion of over $100,000 to his personal account when he worked as a real estate developer in Virginia.

Hamilton Bank

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In June 2006, Greenberg Traurig agreed to pay the Federal Deposit Insurance Corporation $7.6 million for its role as a legal adviser to the now-defunct Hamilton Bank in Miami, to settle allegations that it had helped to cover up bank officers' financial misconduct. The firm paid an additional $750,000 fine to the Office of the Comptroller of the Currency for allegedly protecting the bank's officers "by making materially false and misleading assertions and by suppressing material evidence".

Tax shelter kickbacks

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In November 2006, Jay I. Gordon, the former chairman of Greenberg Traurig's tax practice, resigned from the New York State Bar Association and was disbarred for taking over $1.2 million in kickbacks on tax shelters that he had recommended to wealthy clients of the firm.[25]

New York state real estate

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In November 2008, a New York state court refused to dismiss a suit alleging that Robert J. Ivanhoe, head of its real estate group, disregarded his "legal and fiduciary duties" by taking a personal financial stake in a competitor to a client that had invested in a multibillion-dollar real estate venture.[26] The former client sued Ivanhoe and Greenberg Traurig in April 2008 for breach of fiduciary duty, aiding and abetting breach of fiduciary duty, tortious interference with prospective economic damages, and malpractice. Greenberg Traurig responded that the allegations were "without merit" and that it would appeal the ruling.[27]

Trademark infringement

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In December 2008, the firm and several current and former firm attorneys, including Harley Lewin and Steven Wadyka, were sued in the U.S. District Court for the Eastern District of Virginia by Catherine and Richard Snyder of Herndon, Virginia. Greenberg Traurig's client, Diane Von Furstenberg Studios, and Conde Nast Publications, The New Yorker and New Yorker staff reporter, Larissa MacFarquhar, were also named in the suit. The Snyders' suit stemmed from a suit filed in the same court by Diane Von Furstenberg Studios against Catherine Snyder in December 2006 for trademark infringement, which resulted in an award of damages to DVF Studios.[28]

Insider trading

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In 2014, the Securities and Exchange Commission (SEC) looked into insider trader allegations between United States House Ways and Means Subcommittee on Health staff director Brian Sutter and Mark Hayes, a lobbyist at Greenberg Traurig. In November, 2015, New York U.S. District Judge Paul Gardephe ordered the Committee and a former staffer to respond to an SEC subpoena request , but he did term the request "overbroad." The SEC sought to determine whether Sutter or anyone else from the Committee tipped off lobbyist Mark Hayes of Greenberg Traurig, which information was then forwarded to Height Securities LLC. Judge Gardephe reasoned that the congressional Speech and Debate Clause does not provide protection for information communicated by a legislative member or aide to a member of the public, and that Sutter's statements to employees of Greenberg are consequently not protected and must be produced.[29][30] After two years of litigation and its 2nd Circuit appeal of the subpoena in December 2015, the Committee finally dropped its opposition to the order requested by the SEC.[31]

Rudy Giuliani

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In May 2018, the firm parted ways with Rudy Giuliani over his allegations that he would pay his clients' adversaries hush money in a manner consistent with the Stormy Daniels affair. Giuliani suggested that such payments were common, even without the knowledge of the clients.[32]

Finances

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Revenue Chart[33][34][35][36][37]
Data 2015 2016 2017 2018 2019 2020 2021
Revenue (in $ billions) 1.27B $1.32B $1.38B $1.477B $1.556B $1.64B $1.73B

Awards and rankings

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It is the ninth largest law firm in the United States by headcount and ranks in the top 20 of the Am Law 100 by gross revenue, in the top 10 of the NLJ 500, and in the top 25 of the Global 200.[38] [39]

Law Firm Rankings[40][37]
Year AM Law 200 Rank Global 200 Rank NLJ 500 Rank
2021 16 21 9
2020 14 19 9
2019 14 19 10
2018 14 19 N/A
2017 14 19 N/A
2016 14 20 N/A
2015 15 20 N/A
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References

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  1. ^ a b Kinniburgh, Colin (June 8, 2023). "Chemical Industry Steps Up Lobbying as New York Weighs Major Waste Bill". NYS Focus.
  2. ^ "Greenberg Traurig". Law.com. Retrieved August 22, 2022.
  3. ^ "Greenberg Traurig makes Varso move". EurobuildCEE. October 4, 2022. Retrieved October 4, 2022.
  4. ^ "Locations". Greenberg Traurig. Archived from the original on February 20, 2015. Retrieved February 20, 2015.
  5. ^ Chen, Te-Ping (August 6, 2021). "Covid-19 Threatens to Blow Up Law Firms' Intense Office Culture—for Good". Wall Street Journal. ISSN 0099-9660. Retrieved September 21, 2021.
  6. ^ "Leaders" (PDF).
  7. ^ "3/19/14 Memorial Service for Former Florida Governor Reubin Askew - The Florida Channel".
  8. ^ "Greenberg Traurig Endows the Larry J. Hoffman Greenberg Traurig Distinguished Professorship". Archived from the original on February 16, 2007. Retrieved January 2, 2007.
  9. ^ ""Equal Justice Works"".
  10. ^ "Greenberg Traurig Announces New 2014 Public Interest Fellows". Greenberg Traurig. February 19, 2014. Archived from the original on March 28, 2014. Retrieved March 27, 2014.
  11. ^ "GREENBERG TRAURIG, LLP". Companies House. Companies House. Retrieved February 23, 2019.
  12. ^ a b "Lawyers & Lobbyists: Top Contributors to Federal Candidates, Parties, and Outside Groups". OpenSecrets.org. OpenSecrets.
  13. ^ "Energy/Natural Resources: Top Contributors to Federal Candidates, Parties, and Outside Groups". OpenSecrets. Retrieved June 9, 2016.
  14. ^ "Organizations: Greenberg Traurig". OpenSecrets. Retrieved June 9, 2016.
  15. ^ "Celebration Supporters". National Pro Bono Week. Archived from the original on March 28, 2014. Retrieved March 27, 2014.
  16. ^ "'Residency program' associates at this BigLaw firm will get more training and less pay". ABA Journal. October 22, 2013. Retrieved March 27, 2014.
  17. ^ "Law school grads trade top pay for job experience". Sun Sentinel. November 19, 2013. Archived from the original on November 23, 2013. Retrieved March 27, 2014.
  18. ^ "A Firm Leader's Guide to Survival of the Biggest". The National Law Journal. February 24, 2014. Retrieved March 27, 2014.
  19. ^ "Duffy named CEO of Greenberg Traurig lawfirm". miamiherald. Retrieved January 31, 2019.
  20. ^ "Robert Traurig, who helped build one of the world's largest law firms, dies at 93". miamiherald. Retrieved February 1, 2019.
  21. ^ Jain, Diksha (June 3, 2021). "Greenberg Traurig Appoints New Global Co-Head of Energy Project Finance | JDJournal". www.jdjournal.com. Retrieved November 18, 2021.
  22. ^ "Mansfield 5.0 Certified Firms". Diversity Lab. Retrieved November 3, 2022.
  23. ^ "Feds link close pal of Daley to hiring", Chicago Tribune
  24. ^ "Routine Maintenance". law.com.
  25. ^ "Matter of Gordon (2006 NY Slip Op 08075)". state.ny.us.
  26. ^ Nama Holdings, LLC v. Greenberg Traurig LLP, Index No. 601054/08 (Sup. Ct. N.Y. Cty. Nov. 18, 2008)
  27. ^ "Routine Maintenance". law.com.
  28. ^ "Couple Sues New Yorker & Greenberg Traurig", from Court House News Service
  29. ^ House panel can't mix SEC subpoena in insider-trading probe, Law 360, Cara Silvatore, November 16, 2016. Retrieved 13 January 2017.
  30. ^ House Panel intervenes in SEC's Insider Trading Investigation, Shepherd, Finkleman, Miller & Shah, Casey Yamasaki, November 17, 2015. Retrieved 13 January 2017.
  31. ^ House, SEC Drop Health Care Subpoena Fight At 2nd Circuit, Law 360, Martin O'Sullivan, November 14, 2016. Retrieved 17 January 2016.
  32. ^ Schmidt, Michael S.; Haberman, Maggie (May 10, 2018). "Giuliani's Law Firm Undercuts His Statements as They Part Ways". The New York Times. ISSN 0362-4331. Retrieved October 4, 2019.
  33. ^ Meyer, Dani. "Revenues Soar At Baker Botts, Greenberg Traurig - Law360". Law360. Retrieved March 26, 2019.
  34. ^ March 07, Monika Gonzalez Mesa |; AM, 2017 at 09:49. "Greenberg Traurig grows revenue and partner profits as firm gears up for efficiency push". LegalWeek. Retrieved March 26, 2019.{{cite web}}: CS1 maint: numeric names: authors list (link)
  35. ^ "Greenberg Traurig, LLP|Company Profile|Vault.com". Vault. Retrieved March 26, 2019.
  36. ^ "Greenberg Traurig Posts $1.73 Billion in Revenue for 2020". Bloomberg News. Retrieved January 18, 2022.
  37. ^ a b "Greenberg Traurig". Law.com. Retrieved January 18, 2022.
  38. ^ "Greenberg Traurig".
  39. ^ "The 2018 Global 100 Ranked by Revenue".
  40. ^ "Greenberg Traurig". Law.com. Retrieved April 17, 2019.
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