Editor’s note: This is part of a series of articles detailing how law firms fared financially in 2021, leading up to the Am Law 100 report on April 26 and the Am Law 200 report on May 24. The full collection is available here.

Litigation-heavy Munger, Tolles & Olson reported record revenue and profitability in 2021, attributing its performance following a down year to high demand and a robust client base.