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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Greenberg Traurig’s London office, Greenberg Traurig Maher (GTM), raked in £8.7m in its first full financial year, according to the firm’s LLP accounts.
In the financial year from 1 April 2010 to 31 March 2011 turnover at the practice was £8.7m, a big jump on the £3.6m that the firm earned in the eight months between June 2009, when it launched, and March 2010.
But the office still made a loss of £714,000 for the financial year, after incurring £9.4m in expenses. In 2009-10, the firm lost £3.3m following set up costs of £7.1m (2 May 2011).
GTM also owes £3.5m to its parent firm in the US, up from £1.4m the previous year.
The LLP accounts confirm that no call has been made on partners at GTM to put in any capital into the business in the 2010-11 financial year.
Greenberg Traurig Maher launched in 2009, when the US firm hired former Mayer Brown co-vice chairman Paul Maher to run the practice (22 June 2009).