Gordon Rees Scully Mansukhani, the nation's first and only full-service law firm with offices in all 50 states, announced a stellar 15 percent increase in revenue over the past year coinciding with a 14 percent surge in lawyer headcount and the establishment of four new office locations during that time. As of the close of 2023, GRSM boasted 1,331 lawyers spread across 78 office locations throughout all 50 states, affirming its commitment to delivering comprehensive legal services nationwide. The firm's total revenues for the year reached an impressive $612.8 million, up significantly from $531.1 million in 2022.
GRSM's remarkable growth story was recently highlighted in a comprehensive feature by Bloomberg Law, delving into the firm's strategic decisions, expansion efforts, and success in the competitive legal landscape. Founded in 1974 as a small defense firm in San Francisco, GRSM has over the ensuing half-century become a symbol of the legal industry's push for scale and market dominance. Having nearly tripled in size over the past decade alone, the firm has consistently demonstrated its commitment to innovation, entrepreneurialism, and growth.
This success is attributable in large part to the firm's strategic decision to become the first 50-state law firm. This groundbreaking move aligned with the national footprints of many large businesses and addressed the growing competition in the legal services marketplace. As noted in the article by Dion Cominos, Firmwide Managing Partner since 2006, "By becoming the first 50-state law firm, we created a differentiated marketing proposition. Now clients do not have to think of whether we have an office in city A, B, or C."
Bloomberg points out that this strategy has proven extremely effective, with the firm's maintaining numerous thriving practices catering to major corporate clients, and remaining resilient in the face of market challenges with a focus on aggressive lateral hiring, demonstrating the firm's commitment to continued expansion. This growth trajectory has been consistent with a broader trend in the legal industry, where successful firms have realized the many benefits to be derived from scaling up and capturing market share and increased business. The article concludes by noting that, unlike some counterparts in the legal sector which have experienced layoffs and reductions, GRSM has been largely immune to slowdowns in capital markets and decreases in M&A activity, further solidifying its position as a leader in the industry. To read the full article, please click here.