For the fourth consecutive year, The American Lawyer Magazine announced today that Munger, Tolles & Olson has taken the top spot on its A-List of elite law firms nationwide. Munger Tolles was the first West Coast law firm to obtain top billing on the list in 2008, and has remained in that position since then. Approaching its 50-year anniversary, Munger Tolles' model of low leverage (one partner to one associate) and cost-effective client service have helped the firm keep its clients loyal and associates happy.
“Sometimes tough economic times test your model; and we are proud that our simple model and talented lawyers have again earned this meaningful recognition from The American Lawyer,” Ron Olson, name partner, said. “We celebrate the wisdom of our founders, among them Charlie Munger, the late Roy Tolles, and Rod Hills, that complete dedication to the client matter on one’s desk, striving to hire the very best, and commitment to our community and profession is a winning combination.”
The list, which launched in 2003, aims to measure and quantify the qualities defining the best law firms in the country, according to the magazine. The American Lawyer examines and ranks law firms based on the following four factors: revenue per lawyer, commitment to pro bono, diversity among lawyers and associate training and satisfaction.
During the past year, the firm has had a number of notable victories, including:
Staving off film piracy by banning the use of copyright ripping software RealDVD;
Winning $397 million for Rambus through epic antitrust and patent infringement battles;
Defeating copyright infringement claims against the literary phenomenon The Secret;
Structuring Berkshire Hathaway’s $44 billion Burlington Northern Santa Fe acquisition, one of the top five largest deals of 2009;
Negotiating a $2 billion restructuring of Iceland’s largest shipping company; and
Working pro bono to obtain a $500 million settlement on behalf of 80,000 Social Security recipients previously denied benefits.
The American Lawyer summed up Munger Tolles' impressive performance on the 2010 A-List with the following statement, “Munger, Tolles has bested this elite bunch for the third year in a row, combining a near-perfect diversity score with strong showings in revenue per lawyer, pro bono, and associate satisfaction.”