(L-R)Malcolm A. Heinicke and Hailyn Chen, with Munger, Tolles & Olson.

With Slower Start to 2023, Munger Tolles Sees Revenue Decline to $306M While PEP Rises

As the number of equity partners at the firm shrunk nearly 10% to 74, the firm's average PEP was up around 5% to $2.2 million.

March 14, 2024 at 01:56 PM

4 minute read

Law Firm Profitability

Abigail Adcox

What You Need to Know

While the firm's gross revenue was down last year, it represents the third-highest revenue year in firm history, according to leadership.
The firm saw a slower start to 2023, with matters, such as crisis litigation, picking up in the second half of the year.
The firm's clients include Google, Hawaiian Electric Co. and the NCAA, among others.

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.