MIAMI — Akerman LLP reported
record-high revenue for 2016 while adding more lawyers to its growing
According to a report
by Daily Business Review, the firm had nearly $349 million in revenue
last year, making it the sixth consecutive year of gross-revenue
gains for the Miami-based law firm. Akerman also increased its head
count to more
than 650 lawyers and business professionals, which includes
337 partners in 24 offices across the country.
continues to be defined by two key ingredients: We have nearly a
century of stability as a law firm, and we have a real agility that
has propelled our firm into one of the most innovative law firms in
the United States,” Andrew Smulian, chairman and CEO of Akerman,
told the Florida Record.
While Akerman’s 97-year history
is predominantly rooted in Florida, the firm began expanding
to other states about 15 years ago. The firm now has operations in
across the country including Chicago, Los Angeles and New York. The
firm expanded its southern presence in 2016 by opening new offices in
New Orleans; Austin, Texas; San Antonio; and Houston.
Smulian said the expansion into new
states was in response to clients’ needs, but noted Florida’s
operations continue to thrive.
“Florida continues to be a vital
and dynamic market for Akerman and our clients,” he said. “With
more than 400 lawyers in the state, our work for global and regional
companies doing business in Florida continues to be a key part of our
Akerman is positioned to continue growth, even with a
transition to a new CEO set for early 2018. Smulian, 70, who has been
CEO since 2008, will hand
over operations to David Spector, a Miami national fraud-recovery
practice partner who has been with the firm since 2009.
continue to see strong client demand in our core areas of strength,
which mirror the local economics where we operate in Florida and
nationally,” Smulian said. “This includes our work for private
equity firms and large companies in middle-market M&A
transactions. We are also very active in both the real-estate and
financial-services sectors, addressing a range of regulatory,
transactional, and litigation matters.”