L.A. Firms Continue to Report Revenue Losses (This Time: Munger Tolles)

[Cynthia Foster]

Another L.A. firm reports financial struggles in 2009.

Am Law Daily has Munger Tolles' numbers, and they're not the best. Revenue and profits per equity partner both dropped 4.5% last year. Revenue per lawyer dropped 6%. Managing partner Sandra Seville-Jones attributes the losses in part to freezing billing rates in 2009 and 2008.

Comments

[Devesh Gupta]

Hi,

Thanks for the information. What do you think has been the major factors of such revenue losses.

Thanks
Devesh Gupta
Choir de Law