GrayRobinson Sees Bump In Revenue, Lawyers
GrayRobinson, continuing its growth trajectory, is reporting a 4 percent increase in revenue in the latest fiscal year.
The Orlando-based law firm is the first major Florida law firm to report annual figures. In the year ended Aug. 31, GrayRobinson's revenues rose to $138 million from $133 million, while the number of attorneys jumped to 283 from 275, said Byrd "Biff" Marshall, firm president and managing director.
He said he was pleased with the results even though they reflect slower growth than in previous years. The firm reported a revenue increase of 9.5 percent and an 8 percent jump in attorneys the previous year. GrayRobinson has not yet computed its profits per partner or other financial data.
"It's slightly slower, but we're happy with the growth," Marshall said. "The growth has accelerated in real estate, bankruptcy has been steady, and I would say corporate is still muddling along and still has not come back."
GrayRobinson's governmental and land-use group also is a growth area. Always strong in its home base of Central Florida, the practice is picking up in South Florida, where Gray has 10 government and land-use attorneys and has picked up contracts with Doral, Marathon and Hollywood.
GrayRobinson added some new practice groups in the last year with the addition of shareholders Joseph T. Ducanis Jr. in Fort Lauderdale and Michelle Tanzer in Boca Raton last week.
Ducanis, who came from Fowler White Boggs, is leading a trust and estate practice, while Tanzer, a longtime partner at Holland & Knight, heads a residential, resort and club group.
GrayRobinson lost a number of shareholders in the last year, but nearly all to positions in government.
The firm also announced six shareholder promotions, including three in South Florida. Miami associate Terrance "TW" Anderson Jr. and Fort Lauderdale associate Ronald Tomassi Jr. were promoted to shareholder, as was Fort Lauderdale of counsel Paul Minoff.
Last year, the firm also added a Boca Raton office with the addition of a small firm. Next on GrayRobinson's wish list is an office in West Palm Beach, but Marshall said he's still scouting for the right opportunity.