Morrison & Foerster reported a double-digit increase in gross revenue, aided by strong growth in the firm’s new Boston and Miami offices, as well as transnational work for large corporate clients Sprint and SoftBank.
Firm revenue increased 10% in the last fiscal year, from $1.04 billion to $1.15 billion. Revenue per lawyer saw a single-digit increase of 4%, from $1.09 million to $1.14 million as did average partner compensation, which grew 4.9% to roughly $1.5 million, compared to $1.43 million a year earlier, according to ALM data.
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