Longtime Greenberg Traurig shareholder Enrique "Rick" Martin has quit, and sources say he has been tapped to open a Miami office for international law firm Jones Day.The question is can the Miami market support heavy-duty, DC uber-rates:
Cleveland-based Jones Day has 2,500 lawyers spanning five continents but has been unable to break into the Miami market until now.
Martin did not return calls for comment, but Greenberg Traurig confirmed he resigned.
"We wish him well in this new phase of his career," a firm spokeswoman said.
Sharp said Jones Day and other international law firms coming to Miami will succeed only if they give rate flexibility to the lawyers based here.What's the problem -- $850 an hour is plenty flexible.
Good luck Rick!