What Manatt, Phelps & Philips does

Manatt, Phelps & Phillips, LLP is a California-based, multidisciplinary professional services firm founded in 1977 that operates as an integrated platform combining traditional legal counsel with business consulting. The firm serves enterprises, institutions, founders, and creators across heavily regulated industries including healthcare, financial services, entertainment and media, digital and technology, real estate, energy and environment, retail and consumer products, and food and nutrition. Manatt Health alone fields more than 160 professionals (lawyers, MBAs, financial and reimbursement experts, technology specialists, and former government officials), and the broader firm operates across 12 U.S. office locations delivering legal counsel, regulatory and policy advisory, transactions, litigation, and strategic consulting.

The firm's core offerings are organized as practice areas — Manatt Health, Manatt Financial Services, Manatt Entertainment, Manatt Real Estate, Manatt Energy and Environment, Manatt Retail and Consumer Products, Manatt Ventures, Food and Nutrition, plus newer digital and AI practices (Digital and Technology, Artificial Intelligence, AI Consulting and Testing, Digital and Technology Consulting). Proprietary technology products include the free-to-use U.S. Music Streaming Royalty Calculator (drawing on direct-payor royalty data) and the Health AI Policy Tracker (monitoring AI regulation across federal, state, and international jurisdictions). The firm is positioning itself around AI governance, providing attorney-led bias/impact assessments, GenAI red teaming, governance frameworks, and compliance support for the EU AI Act, HIPAA, CCPA, and NYDFS.

Commercially, Manatt operates a sales-led, relationship-driven go-to-market targeting enterprise and institutional clients through referrals, industry relationships, and an extensive thought-leadership engine producing more than 1,100 content pieces annually. Services are billed at hourly rates or alternative fee arrangements on quote-based, multi-year engagements. The firm reported FY2025 gross revenue above $500 million for the first time in its history, with profits rising approximately 16%, under CEO and Managing Partner Donna L. Wilson.

Name

Manatt, Phelps & Philips

Legal name

Manatt, Phelps & Phillips, LLP

Website

https://manatt.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Manatt, Phelps & Phillips is a multidisciplinary professional services firm combining legal counsel and consulting, serving enterprises and institutions across highly regulated industries including healthcare, financial services, entertainment, technology, real estate, and energy.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Legal Services and Consulting: Professional services revenue generated through legal counsel, transactional services, regulatory compliance consulting, and strategic advisory services. The firm serves clients across healthcare, financial services, entertainment, technology, real estate, and other regulated industries with integrated legal and business consulting solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Manatt, Phelps & Phillips, LLP is a multidisciplinary professional services firm providing legal counsel, regulatory advisory, and strategic business consulting to enterprises across highly regulated industries including healthcare, financial services, entertainment, technology, real estate, energy, and retail. The firm operates across 12 U.S. offices with practice areas covering litigation, transactions, public policy, white-collar defense, and AI governance, supported by proprietary analytical tools such as the U.S. Music Streaming Royalty Calculator and Health AI Policy Tracker.

Product overview

Manatt, Phelps & Phillips, LLP is a multidisciplinary professional services firm combining legal counsel and consulting services. The firm operates as a unified platform of interconnected practice areas rather than a single product, including core legal practices (Real Estate, Health, Entertainment, Financial Services, Energy and Environment, Retail and Consumer Products) and specialized technology/digital practices (Digital and Technology, Artificial Intelligence, AI Consulting and Testing, Digital and Technology Consulting, Manatt Ventures). Key proprietary tools include the U.S. Music Streaming Royalty Calculator and Health AI Policy Tracker. The integrated model enables teams to deliver holistic legal and business insights across industries including healthcare, fintech, entertainment, and technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Manatt Digital and Technology Integrated legal practice and digital media consultancy providing legal, regulatory, and strategic business counsel for media, entertainment, technology, and advertising companies navigating digital transformation.
• Manatt Health Healthcare-focused practice combining legal excellence, public policy acumen, and commercial savvy for payers, providers, pharmaceutical companies, and policymakers. Includes a team of more than 160 healthcare professionals.
• Manatt Entertainment Full-service entertainment law practice representing music artists, actors, studios, gaming companies, and sports entities. Includes the U.S. Music Streaming Royalty Calculator tool.
• Manatt Financial Services Legal and regulatory counsel for fintechs, digital banks, payments platforms, crypto/blockchain startups, and consumer lenders. Covers regulatory exams, enforcement actions, product rollouts, and capital market transactions.
• Manatt Ventures Integrated team of attorneys and consultants providing venture-backed company support from formation through exit, including company formation, IP protection, team building, fundraising, data security, product commercialization, advertising, scaling, and M&A services.
• Artificial Intelligence Practice Cross-functional team helping clients harness AI to create value while building operational, technical, and legal infrastructure for ethical deployment. Includes AI strategy, governance frameworks, risk management, training, and change enablement.
• AI Consulting and Testing Attorney-led bias and impact assessments, outcome-based performance testing, regulatory compliance support, GenAI content risk reviews, red teaming, and AI due diligence for transactions.
• Digital and Technology Consulting Business consulting services for digital transformation including go-to-market strategy, competitive positioning, product and brand development, M&A/investment strategy, and human capital services.
• Health AI Policy Tracker Proprietary tracking tool covering the latest legislative and regulatory developments in artificial intelligence for healthcare applications across federal, state, and international jurisdictions.
• U.S. Music Streaming Royalty Calculator Free-to-use proprietary calculator enabling music creators to calculate their share of total streaming royalties based on their contribution to recordings or compositions, drawing from data collected from direct source payors.
• Manatt's Artificial Intelligence Package Offering Comprehensive AI compliance solution package to help organizations jumpstart their AI governance and risk management programs. Includes AI impact assessments, bias testing, governance frameworks, and regulatory compliance support.
• Food and Nutrition Practice Policy and strategic advisory services for FDA regulatory processes, SNAP/WIC/Child Nutrition Programs, state Medicaid coverage models for food and nutrition programs, dietary guidelines, and business sustainability approaches.
• Manatt Real Estate Real estate legal services covering acquisitions, dispositions, ground-up development, joint ventures, financing, land use entitlement, leasing, distressed assets, design and construction, and eminent domain litigation.
• Manatt Energy and Environment Legal, regulatory, and consulting services for clean and traditional energy, climate, environmental, natural resources, and infrastructure projects. Handles regulatory compliance, litigation, project finance, and community relations.
• Manatt Retail and Consumer Products Legal services for retailers, suppliers, and consumer products companies covering consumer class action litigation, FTC/FDA investigations, employment law, IP, M&A, capital markets, advertising, and privacy.

Quantifiable outcome

• Historic financial performance: pushed past $500 million gross revenue mark for first time in 2025, with profits rising nearly 16%
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature2 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• McDermott Will & Emery: Highly comparable U.S. law firm with a healthcare-led practice strategy and integrated consulting-style offering. Similar size tier and overlapping practice mix in life sciences, health, and regulated industries make it one of the closest comparables to Manatt.
• Faegre Drinker Biddle & Reath: Full-service U.S. law firm of similar scale and structure following a recent merger. Comparable practice breadth across healthcare, financial services, energy, and government affairs makes it a near-direct competitor for similar client mandates.
• Reed Smith LLP: Mid-to-large U.S. (with select international) full-service law firm with comparable revenue scale and similar practice breadth in entertainment, financial services, energy, and life sciences. Directly competitive for similar client profiles.
• Polsinelli PC: Mid-market full-service U.S. law firm with healthcare as its largest practice, overlapping directly with Manatt Health. Similar size and industry mix make it a close competitor for healthcare clients and consulting-adjacent engagements.
• Nelson Mullins Riley & Scarborough: Full-service U.S. law firm of comparable scale with strong practices in healthcare, financial services, and regulated industries. Similar geographic spread across East Coast and major U.S. metros, making it a comparable mid-tier professional services platform.

Broad incumbents

• Latham & Watkins LLP: Global elite full-service law firm substantially larger than Manatt but operating across many of the same practice areas (M&A, healthcare, entertainment, financial services, AI). Sets the competitive ceiling on marquee mandates Manatt pursues.
• Sidley Austin LLP: Established full-service law firm with overlapping healthcare, financial services, and entertainment practices. Larger scale and broader geographic reach, making it a competitor for higher-end mandates in Manatt's core verticals.
• Hogan Lovells: Global full-service law firm with deep healthcare and life sciences practices. International footprint and broader scale position it as a competitor on cross-border and large-cap mandates where Manatt is structurally excluded.
• Akin Gump Strauss Hauer & Feld: Full-service law firm with strong practices in energy, financial services, and government affairs — overlapping materially with Manatt's regulated-industry focus. Comparable size tier with broader public-policy depth.
• Kirkland & Ellis: Largest law firm by revenue globally, dominant in private equity and M&A. Relevant peer for the corporate transactions and middle-market M&A work that anchors a portion of Manatt's practice, though at a much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/manatt-phelps-
• Xx.com/manatt
• Facebookfacebook.com/ManattPhelpsPhillipsLLP

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manatt, Phelps & Philips