In one of the few times in its history, global powerhouse Greenberg Traurig posted an annual financial report that reflected declines in nearly every category.

The law firm, which started business in Miami nearly five decades ago, had grown meteorically to become the 10th-largest firm on the Am Law 200 scale last year. It is a $1.24 billion concern with 35 offices and 1,700 lawyers around the world.