Morrison & Foerster has reported a 5% increase in gross revenue, reaching $1.41 billion, and a 7.3% rise in net income, amounting to $532 million. This growth is attributed to heightened demand in both commercial and IP litigation. Despite a 4.9% decrease in their lawyer head count, dropping to 1,020, the firm achieved a 10.5% increase in revenue per lawyer, which now stands at $1.38 million.
The firm experienced a reshuffling in its partnership structure. The equity partner head count reduced by 3.7% to 174, while nonequity partners saw a 36.5% rise, leading to a total partner head count increase of 12.8%, totaling 348 partners. Morrison & Foerster has highlighted ongoing growth and opportunities across London, Continental Europe, and Asia, aligning with its global strategy.
For further insights into the firm’s revenue growth and strategic developments, readers can refer to the full article on Law.com International Edition.