Greenberg Traurig moves towards merger with revenue boost
Miami megafirm Greenberg Traurig has posted annual revenue of $1.32bn for 2015, up 4 per cent from the previous year.
Greenberg Traurig's global turnover was around $50m higher than the $1.27m recorded for 2014, with profits per equity partner (PEP) similarly lifting 4 per cent to $1.48m. The firm's London arm, Greenberg Traurig Maher, put in a similarly stellar performance. Total revenue for GTM lifted 10 per cent over 2015 to hit £15.7m. The strong London result stems from a series of top-tier corporate mandates at the firm last year. GMT was instructed by engineering firm GKN on its £499m acquisition of Fokker Technologies, by Rentokil on its £425m acquisition of rival US pest control company Steritech and by Nomad Holdings' €2.6bn acquisition of Europe's biggest frozen food business, Iglo Foods.
Top shape for tie-up
City firm Berwin Leighton Paisner is currently eyeing a potential merger with Greenberg Traurig as a means of catapulting its US presence. A tie-up between the two firms would create a team of around 2,500 lawyers worldwide, with offices in Europe, the Americas, Asia and the Middle East. At least 750 lawyers would be based in London and New York. Sources: The Lawyer; Legal Business