After ticking upward in 2015, Morrison & Foerster saw its financial performance slide last year.
Gross revenue at the firm slipped 3.5 percent, to $945 million, as revenue per lawyer dropped 4.8 percent, to $990,000. Profits per equity partner also decreased 9.3 percent, to $1.41 million, even though MoFo’s equity partner head count fell to 232, a 4 percent decline from 2015. That marked the fourth consecutive year that MoFo shed more equity partners than it added.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
