Firm Snapshots

Munger, Tolles & Olson LLP

FIRM OVERVIEW

Less than 50 years old and with just two offices, Munger, Tolles & Olson LLP has garnered a national reputation for its legal services and competes with national firms five times its size.  Working out of offices in Los Angeles and San Francisco, the nearly 200 attorneys at the firm practice in a broad variety of practice areas.  The firm is particularly well-known for its work in trial litigation, bankruptcy, environmental, and criminal defense.  The vast majority of the firm’s revenue comes from litigation matters; much of its transactional work stems from the firm’s close relationship with Warren Buffet and his Berkshire Hathaway.  The firm is selective in its hires and recruits heavily among judicial clerks and top 10 law schools, and seeks out attorneys with graduate degrees or work experience in fields such as science, medicine, and public policy.  More than half of the attorneys at the firm served as federal clerks, and almost two dozen worked as Supreme Court clerks.  Lateral Link Members praise the firm as "smart and small," and report that they work on "challenging matters."  While "brilliant," attorneys at the firm are not particularly extroverted, and Lateral Link Members note that there is "limited social interaction among associates."

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COMPENSATION (SALARY AND BONUS)

Salaries at Munger Tolles are based on a set lockstep system, and first-year associates earn $160,000.  Bonuses are individualized for all associates except first-years (who received a below-market, $5,000 bonus in 2009) and are based on numerous factors, including quality of work, hours, and other contributions to the firm and the community.  The firm usually pays bonuses at rates comparable to its peer Los Angeles and San Francisco firms.  Lateral Link Members report that the firm is a follower with respect to bonus amounts and say they would like “more transparency” with regard to bonus allocation.

 
 

ASSOCIATE EXPERIENCE

Munger Tolles encourages associates to develop through on-the-job learning and informal mentoring, but the firm has increased formal training opportunities, such as in-house workshops, new-attorney trainings, and external continuing education programs.  For their first two years at the firm, associates are paired with an associate mentor; mid-level associates are matched with a partner mentor designated to assist in their career development; and associates going on parental or other leave receive a mentor who assists with supporting the associate with the transition and return to the firm.  The firm offers a two-month fellowship with the Los Angeles City Attorney's Office for up to six litigation associates per year to try criminals as volunteer prosecutors, and offers a similar program with the district attorney’s office in San Francisco.  There are no formal rotations at the firm, and Lateral Link Members praise the firm's "flexibility and lack of strict policies."  Associates are typically responsible for finding their own work in a “free-market” system.  The firm's smaller size enables it to avoid extensive bureaucracy, and all attorneys participate in decisions on such matters as hiring on a one-attorney, one-vote basis.  The firm prides itself on its attorney retention rate, and almost half of the attorneys who have joined the firm in the past 20 years continue to work there.  In 2009, the firm was named by Yale Law Women as one of the "Top Ten Family Friendly Firms," one of the best law firms for women by Working Mother Magazine, and one of the top 100 law firms for diversity by MultiCultural Law Magazine.  With a high percentage of attorneys and partners from minority backgrounds (25% and 15%, respectively), the firm received a second place ranking in the Minority Law Journal’s 2010 Diversity Scorecard.  Since 2008, the American Lawyer has ranked Munger Tolles as one of the top two firms in the country in its elite A-List rankings.  In 2011, the firm ranked in the top 20 AmLaw firms for midlevel associate satisfaction.

 
 

FACE TIME AND VACATION POLICY

The firm puts little pressure on face time, and Lateral Link Members report that associates are "treated like adults" as long as they get their work done.  The firm leaves it up to each associate's discretion to determine his or her working hours, and there are no specific limits on vacation time, subject to clients' needs; Members report feeling “very comfortable” taking vacation.  Lateral Link Members report that it is uncommon for associates to work on holidays or weekends, but if it is necessary, the work can usually be done from home.  The firm provides 16 weeks for maternity leave and four weeks for paternity leave.

 
 

BILLABLE HOURS

The firm has no minimum billable hours requirement.

 
 

PRO BONO POLICY

There is no limit on the number of pro bono hours associates are permitted to work.  In 2010, nearly 80% of associates and more than 60% of partners participated in pro bono work, performing an average of 211 and 64 hours, respectively.  An unlimited amount of pro bono hours are counted as billable hours, and all hours are treated equally in bonus consideration.  Munger Tolles is listed in the top 20 firms on the 2009 AmLaw Pro Bono 100 List for its pro bono commitment.  In addition to in-house pro bono work, the firm also sponsors two-year public interest fellowships in conjunction with Equal Justice Works.

PARTNERSHIP PROSPECTS

Munger Tolles has a one-tier partnership structure.  The firm has no set time for when associates will be considered for partner, but generally considers associates for partnership after anywhere from four to seven years at the firm.  Lateral Link Members praise this refreshingly brief partnership period, saying that partnership is an achievable goal with hard work.  Members also note that as a result of the varying timeline for partnership consideration, the firm has no "up or out" policy but note that homegrown associates are heavily favored over laterals in partnership consideration.  The firm recently promoted its first associate working on a part-time schedule to partner.  In 2010, the firm promoted two associates to partners, both of whom were women.

 
 

BENEFITS (INCLUDING NEW ASSOCIATE BENEFITS)

Benefits at Munger Tolles include a subsidized cafeteria in the Los Angeles office, backup childcare, weekly lunches and happy hours, and reimbursement of client development expenses on a case-by-case basis.  New associates at the firm are provided with a $10,000 to $12,000 bar stipend, as well as relocation benefits including a $5,000 reimbursement, car transport services, and consulting services from professional house or apartment hunters.  In Los Angeles, the firm recently opened an on-site child care center for children of both associates and staff from infancy through pre-kindergarten.  Munger Tolles also contributes 3% to some associates’ 401(k) accounts.

SUMMER ASSOCIATE PROGRAM

During Munger Tolles' 12-week summer program, summer associates are assigned work in various practice areas by an attorney coordinator, and survey respondents say that summers can "freely turn down assignments" if they would rather work on a different project.  Respondents report that the work during the summer is “high-profile or interesting in some other way” and “[y]our work product is often expected to actually go to the client.”  However, one respondent notes that the assignments can "take a long time," which accounts for the below average number of assignments - about five - that summer associates typically complete over the course of the program.  According to respondents, the firm "rarely" holds formal trainings; instead, summer associates learn on the job.  In fact, some respondents say that “[y]ou get an assignment the first day and you’re on your own from there,” but point out that “attorneys [you work with] take a great amount of time to explain issues, provide feedback, and train.”  Respondents in the summer program say that they are expected to be in the office during normal working hours, but they generally leave by 6:30 p.m. and do not work weekends.  Summer associates are not provided with BlackBerrys, which all respondents are glad about.  Three times a week, Munger Tolles hosts firm lunches, which provide a "great sense of community," according to respondents; mentors arrange for summers to be taken out to lunch the remaining two days.  In addition to weekly firm-sponsored social events, such as partner dinners, surfing lessons, and baseball games, respondents say associates are "great" about setting up "ad hoc events."  In 2011, the firm also hosted a summer associate weekend retreat in Rancho Santa Fe for various social activities.  In addition to its summer program for second-year law students, the firm also offers a program for up to six diverse first-year law students to spend six weeks at the firm and the following four weeks at a nonprofit organization in Los Angeles or San Francisco on the firm’s salary.  In 2009, the firm offered associate positions to 19 of its 22 eligible summer associates, and offered associate positions to 11 of its 14 summer associates in 2010.  In 2011, the firm increased its summer class size to over 20 summer associates.  All Class of 2009 associates started work as scheduled in Fall 2009.

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