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Greenspoon Marder’s net income shot up 42.3 percent in 2016 and gross revenues increased 17.2 percent as the firm expanded in both corporate work and in the national legalized marijuana sphere.

Gross revenue climbed from $104.5 million in 2015, to $122.5 million in 2016, resulting after expenses in a net income of $55.5 million, up from $39 million the year before. The firm reported a profit margin of 45 percent.

Greenspoon Marder’s co-managing director Gerald Greenspoon said that while some of the growth in gross revenue and head count is attributed to the firm starting a national cannabis law practice with hires in Florida and Portland, Oregon, and expanding its corporate practice in New York, the increases are otherwise broad-based across the national firm’s 20 offices, 13 of which are in Florida.

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