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Mo Fo sign Morrison & Foerster. Photo: Jason Doiy/ALM

Morrison & Foerster saw nearly flat revenue accompanied by a double-digit profit increase in 2020, as work for major client SoftBank stayed strong but litigation struggled “with one hand tied behind its back.”

For the fourth year in a row, revenue at the firm exceeded $1 billion, growing 1.6%, from $1.15 billion to $1.17 billion. Following an increase in head count, revenue per lawyer fell 0.4%, from $1.141 million to $1.137 million. Profits per equity partner increased 9.4%, from $2.048 million to $2.24 million.

Despite the sluggish revenue growth, Morrison & Foerster chairman Larren Nashelsky said last year “validated” the firm’s long-term strategy, adding that the firm was able to prepay “tens of millions” in 2021 expenses by year-end.

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Dylan Jackson

Dylan Jackson writes about the business of law and race. He can be reached at [email protected] or 305-347-6677. On Twitter @DylanBJackson

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