Lathrop GPM LLP: Comprehensive Company and Competitor Profile
Overview
Lathrop GPM LLP is a prestigious full-service, Am Law 200 law firm, formed in January 2020 by the merger of Kansas City's Lathrop Gage and Minneapolis' Gray Plant Mooty. With about 400 attorneys distributed across 13 offices in major cities such as Boston, Chicago, and Dallas, the firm is celebrated for its dedication to diversity, equity, and inclusion, embedding these values within its organizational culture and client services.
Financial Performance
For the fiscal year 2023, Lathrop GPM reported a gross revenue of $192,567,000, earning it the 169th position on The American Lawyer's 2024 Am Law 200 rankings, an indicator of robust market presence and financial resilience in the competitive legal sector.
Leadership and Key Figures
The firm's strategic direction is under the stewardship of Cameron Garrison, the Managing Partner, who also chairs the Executive Committee. Known for his impressive growth strategies, Garrison was named a 2024 Top Managing Partner by Missouri Lawyers Media. Prominent figures in the firm include Liz Dillon, a recognized global leader in the franchise sector, and Ryan C. Gerads, an expert in corporate finance and tax.
Practice Areas and Expertise
Lathrop GPM's areas of legal expertise span health care, intellectual property, environmental law, franchise & distribution, complex litigation, real estate, corporate law, and business transactions. The firm's distinct approach to aligning legal strategies with client objectives has enhanced client satisfaction and improved case success rates.
Recent Developments and Achievements
A testament to its forward-thinking strategies, Lathrop GPM merged with Hopkins Carley, a Silicon Valley-based firm, in October 2024. This move is expected to bolster the firm's capabilities, particularly in technology and innovation. Lathrop GPM has consistently been recognized in Chambers USA rankings for its excellence, especially in franchise law.
Commitment to Diversity and Inclusion
Diversity and equity are integral to Lathrop GPM's ethos. The firm notably has 60% of women in leadership roles, highlighting its commitment to fostering an inclusive professional environment.
Market Position and Competitor Analysis
Lathrop GPM's competitive advantage is highlighted by its specialized services and esteemed recognition in the Chambers USA directory, securing high rankings for its practice groups and individual attorneys. The firm stands strong in middle-market transactions and intellectual property with strategic expansion initiatives.
Key Competitors
- Cooley LLP: Renowned for its substantial presence in technology and venture capital, Cooley LLP has over 1,300 lawyers in 19 offices globally, with a total revenue of $2,034,319,000. It serves over 3,000 clients worldwide, focusing on intellectual property, corporate, litigation, and regulatory services.
- King & Spalding LLP: This firm operates 24 offices globally with over 1,300 attorneys and excels in international disputes, offering services to Fortune Global 100 companies.
- Baker Botts LLP: Specializing in energy, technology, and life sciences, Baker Botts employs around 725 lawyers, with a strong focus on diversity and inclusion, underpinned by technical and business insight.
- Thompson Coburn LLP: Known for practical solutions in more than 50 legal areas, integrating technology to enhance service delivery.
- Hill Ward Henderson: A Tampa-based firm offering extensive corporate and litigation services, emphasizing client-centric approaches.
Conclusion
Lathrop GPM LLP stands as a formidable competitor in the legal industry, fortified by its extensive expertise, commitment to diversity, innovation, and a proactive market approach under strong leadership. Its ability to provide client-focused solutions and strategic expansions ensures its competitive edge in the national legal landscape.
