Munger, Tolles & Olson’s revenue declined around 3% to $306.8 million last year, as 2023 got off to a slower start for the firm. However, 2023 represented the third-highest revenue year in firm history.
As the number of equity partners at the firm shrunk nearly 10% to 74, the firm’s average profits per equity partner was up around 5% to $2.2 million. Meanwhile, net income decreased almost 5% to $164.7 million.
