Munger, Tolles & Olson’s financials dipped for the second straight year in 2016.
The Los Angeles-based firm’s gross revenue fell 10.2 percent, to $234.5 million, while revenue per lawyer declined 6.6 percent, to a little more than $1.2 million. Profits per partner plummeted 14.7 percent, to $1.59 million. The declines come after Munger Tolles had an impressive 2014, a year in which the firm posted double-digit gains in several key metrics.
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