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Greenberg Traurig Asks Its Partners For $24 Million

published August 09, 2012

By CEO and Founder - BCG Attorney Search left

( 21 votes, average: 4.4 out of 5)

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08/09/12

Greenberg Traurig Asks Its Partners For $24 Million


Greenberg Traurig is planning to raise $24 million with a capital call. A report from the Daily Business Review says that the firm made this decision last month in a telephone conference. This will be the first time the firm is going in for additional money in almost a decade.

The partners will end up contributing anywhere from 1% to 5% of their pay and the percentage will be based on how much they earn; lower earners will pay a lower percentage. The payments will be done in two installments, 2012 and then in 2013, according to an unidentified partner.

The law firm’s CEO, Richard Rosenbaum, also told the Daily Business Review that the decision for a capital call was made in light of the “current uncertainty in U.S. and global markets”.


Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

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LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.
( 21 votes, average: 4.4 out of 5)
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