3 Big Florida Firms Remain on the Am Law 100
Greenberg Traurig, Holland & Knight and Akerman continue to rank among the nation's 100 highest-grossing firms.
April 24, 2018 at 05:31 PM
2 minute read
Credit: Jon Valk
Three large Florida firms were among the nation's highest-grossing firms in 2017, ranking on the 2018 Am Law 100 published Tuesday.
Greenberg Traurig ranked 14th, the same position it held last year. Holland & Knight, at the 42nd spot on the list, also matched its ranking from the previous Am Law 100 list. But Akerman ranked 94th in this year's Am Law 100, up from No. 97 last year.
|
Read More: The 2018 Am Law 100
Greenberg Traurig posted $1.48 billion in revenue in 2017, up 7.2 percent from the previous year, making it one of 31 firms that brought in more than a billion in revenue in 2017. Holland & Knight's revenue came in at $848.2 million in 2017, up 5.6 percent from 2016, and Akerman's revenue totaled $385.2 million, up 10.4 percent from the previous year.
The rankings on the Am Law 100 show that the Florida firms held their own in the market of big firms. Revenue for the 100 firms grew by 5.5 percent to a record $91.4 billion, and net income increased by 6.1 percent in 2017. Revenue per lawyer improved 3.2 percent to $936,655 and profits per equity partner increased by 6.3 percent to $1.8 billion.
RPL is considered by many a reliable guide to a firm's success, and all three of the big Florida firms improved that metric in 2017. Holland & Knight had the highest RPL among the Florida firms with $786,000, up 5.1 percent from 2016. Greenberg Traurig's RPL was $760,000, up 4 percent, and Akerman improved its RPL by 4.3 percent with $611,000.
Greenberg Traurig posted the highest PPP in 2017 among the Florida firms with $1.6 million, up 5.6 percent from the year before. PPP was $1.4 million at Holland & Knight, an increase of 5.4 percent, and Akerman's PPP totaled $672,000, up 2.1 percent from the prior year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
'Final Countdown': SEC Launches Nearly 800% Litigation Surge in October
3 minute read
St. Thomas University Settles With Fired Professor Who Had Alleged Academic Freedom Violations and Discrimination
9 minute read
Trending Stories
- 1California Implements New Law Banning Medical Debt From Credit Reports
- 2Trump Picks Personal Criminal Defense Lawyers For Solicitor General, Deputy Attorney General
- 3Climate Groups Demonstrate Outside A&O Shearman and Akin Offices
- 4Republican Who Might Become FTC's Next Chair Blasts Democratic Commissioners' 'All Mergers Are Bad' Mindset
- 5The Law Firm Disrupted: It's Bonus Time
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
