Law Practice
Feb. 14, 2009
Revenue, Profits Slip Slightly at O'Melveny
In keeping with an industrywide profit decline, Los Angeles-based legal powerhouse O'Melveny & Myers revealed on Thursday a 2.9 percent dip in revenue and 7 percent drop in profits per partner in 2008.
Daily Journal Staff Writer In keeping with an industrywide profit decline, Los Angeles-based legal powerhouse O'Melveny & Myers revealed on Thursday a 2.9 percent dip in revenue and 7 percent drop in profits per partner in 2008. O'Melveny's revenue slipped to $908 million, and its profits per partner to $1.5 million. The declines are modest in light of a disclosure earlier in the week from competitor Latham & Watkins, rev...
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