Uncertainty at the end of 2022 helped Morrison & Foerster finish 2023 with nearly 19.4% more net income, thanks in part to a 6.2% increase in gross revenue, as all of the firm’s major practices experienced growth over the course of the year.

But a good year in litigation, bankruptcy, middle-market M&A and even IPOs doesn’t tell the full story. Notably, the firm lowered its overhead by $2 million in 2023.