Munger, Tolles & Olson announced on Oct. 7, 2019 that its chief financial officer Kevin Posterro has been named chief operating officer. Working closely with the firm’s leadership, Mr. Posterro will oversee day-to-day operations and support the firm’s strategic objectives.
Mr. Posterro is an industry veteran who has served law firms in the capacity of CFO for 20 years. Before joining Munger, Tolles & Olson in 2017, he was the CFO for three other national law firms.
“Kevin joined Munger, Tolles & Olson just two years ago and has proven to be an indispensable member of the leadership team and a fantastic colleague,” said Co-Managing Partner Hailyn J. Chen.
“He is a trusted leader who will galvanize our efforts to continue to provide the highest value legal services to our clients and attract, develop and retain the best young lawyers in the world,” said Co-Managing Partner Malcolm A. Heinicke.
In his new role, Mr. Posterro will oversee the firm’s day-to-day operations and help crystalize the firm’s strategic vision. He will oversee marketing and business development, technology, human resources and recruiting, office administration, finance and diversity and inclusion initiatives.
As CFO, Mr. Posterro collaborated closely with the firm’s former COO and managing partners to maximize financial performance in relationship to its strategic operation. Along with managing the firm’s financial affairs, including accounting, budget and taxes, he led conflict processes for new clients and attorney hires, implemented personnel policies and procedures regarding retirement plan administration and helped develop and implement new features of the firm’s technology platform.
“I am thrilled to continue to serve Munger, Tolles & Olson in this new capacity,” said Mr. Posterro. “The firm is constantly growing, learning and shifting to be more efficient and provide better value to its clients. I am committed to finding still new and innovative ways to support our attorneys and maintain and attract business.”
Mr. Posterro has also held CFO positions at Lewis Roca in Phoenix and Choate, Hall & Stewart in Boston. Mr. Posterro earned his B.A. and MBA from Assumption College in Worcester, Massachusetts. He received the honor of magna cum laude for his undergraduate studies. He was also a sergeant in the U.S. Army serving from 1990-1998.