Revenue at Morrison & Foerster crossed the $1.2 billion mark again in 2022, while future-facing investments in laterals and other expenses contributed to a 12.6% fall in net income.
March 17, 2023 at 04:31 PM
5 minute read
Morrison & Foerster achieved another year of revenue growth, and a strong swell in its lawyer head count that contributed to a 12.6% decline in net income to nearly $416 million in 2022.
Revenue increased 2.4% to $1.26 billion, while the dip in net income meant the firm’s profit margin fell six percentage points. With fewer equity partners, its profits per equity partner still fell 5.2% to $2.33 million.
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Eric McCrath, chair of Morrison & Foerster. Courtesy photo
