Manatt, Phelps & Phillips posted 3.6% revenue growth to $382.1 million thanks to strong demand in its key industry sectors in 2022, as net income and profits slimmed down.

Net income fell 1% to $130 million, down from $131.3 million in 2021. Profits per equity partner declined 4% to $2 million, a step down from $2.08 million in 2021.