SAN FRANCISCO — For at least some of the major players in the California legal market, 2013 was a year for treading water. Revenue per lawyer at Morrison & Foerster, Pillsbury Winthrop and Sedgwick was unchanged last year, and profits per partner were either unchanged or fell slightly.
For other firms, it felt like 1999 all over again: Cooley’s revenue shot up 9.2 percent, and revenue per lawyer hit the magic seven-figure mark. Fenwick kept head count flat and saw healthy gains in all the other metrics. L.A.’s Munger Tolles & Olson saw double-digit growth in revenue, RPL and partner profits.
