IN-DEPTH RESEARCH REPORT
on O'Melveny & Myers LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
O'Melveny & Myers
- Designation: Los Angeles
- Head Count: 738
- Gross Revenues: $818,500,000
- Revenue Per Lawyer: $1,110,000
- Profits Per Partner: $2,060,000
- Year Over Year Change: no change
Los Angeless oldest law firm (tracing its roots back to 1885), OMelveny & Myers has certainly had its ups and downs in recent years. On the downside, the firm has seen its revenues decline and scores of equity partners depart since 2007, when the recession began to hit its transactional business hard. On the upside, OMelveny remains home to one of the nations premier litigation departments. It was a finalist for The American Lawyers Litigation Department of the Year in both 2012 and 2010 (it won the competition in 2004 and earned honorable mentions in 2006 and 2008).
Another bright spot: An enthusiastic embrace of alternative fee arrangements helped OMelveny build a highly successful relationship with Bank of America Corporation, for whom OMelveny does all its work under a flat fee arrangement. The firms litigators have also won impressive results for clients including Apple Inc., American International Group, Inc., and Samsung Electronics Co. Ltd. Meanwhile, the appellate departmentwhich includes renowned U.S. Supreme Court advocate Walter Dellingerremains one of the countrys goto practices.
While OMelvenys litigation group has shrunk a littleit had 120 partners when it was named a 2012 finalist, compared to 134 partners in 2010it still accounts for the major part of the firms business, and is responsible for 60 percent of OMelvenys gross revenue. Recently, however, certain segments on the firms transaction side have seen an uptick, particularly OMelvenys entertainment and media law department, which specializes in complex multipicture financing and media licensing deals. Asia, where 102 lawyers in five offices handle about a third of OMelvenys corporate work, has been a focal point, too, with the firm leveraging an increased demand for private equity, M &A, and restructuring work, among other transactions.
Although OMelvenys overall revenue essentially remained flat in 2011 (declining by less than 1 percent), it broke the $1 million mark in revenue per lawyer for the first time (albeit with fewer lawyers than it had prerecession). And while some rainmakers left the firm in 2011, OMelveny soared from 114th place on The American Lawyers 2010 Midlevel Associates Survey to twentyseventh place in 2011. Junior lawyers, in particular, seem buoyed by the firms resilience.
Updated as of 1/1/12
|Survey||Rank||Year Over Year Change||Description|
|Am Law 100||31||no change||Gross revenue|
|Am Law 200||31||no change||Gross revenue|
|NLJ 250||43||13||Lawyer head count|
|The A-List||7||15||Overall excellence|
|Pro Bono Scorecard||17||no change||Pro-bono commitment|
|Diversity Scorecard||26||9||Minority head count|
|Midlevel Associates Survey||27||87||Job satisfaction|
|Summer Associates Survey||30||8||Summer programs|
In the News
Diane Jeantet : The Am Law Daily : May 21, 2013
K&L Gates hires two renewable energy partners in Portland; King & Spalding poaches from Bird & Bird to establish a London trade practice; and a fourth Cadwalader, Wickersham & Taft lawyer leaves the firm for O'Melveny & Myers. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
Sara Randazzo : The Am Law Daily : May 17, 2013
Ropes & Gray and former firm partner Patricia Martone, who is now with Morrison & Foerster, agreed Thursday to dismiss a lawsuit in which Martone accused Ropes of routinely passing her clients to younger male lawyers and unfairly pushing her out of the partnership in the fall of 2010.
Vanessa Blum : The Recorder : May 14, 2013
The trial of executive recruiter David Nosal for computer hacking and theft of trade secrets drew attention from many quarters.
Brenda Sapino Jeffreys : Texas Lawyer : May 13, 2013
The top 10 deals in Texas in 2012.
Sean Monroe, Jeannine Tang, and Silvia Vannini : Corporate Counsel : May 10, 2013
A strategic due diligence plan is particularly crucial for M&A deals in the entertainment, sports, and media space, as the bidder's in-house counsel must navigate a complex industry in which the key business and legal issues are not always apparent.
: New York Law Journal : May 10, 2013
Shearman & Sterling has added Jeremy Dickens as a partner; Day Pitney has added Jeffrey Held as a partner; and other moves.
Jeff Storey : New York Law Journal : May 10, 2013
The panel ruled in Squeri v. East 51st Street Development, 117452/08, that Manhattan Justice Carol Edmead properly exercised her discretion when she unsealed the documents even though one wrongful death action from the accident remained pending.
Christine Simmons : New York Law Journal : May 8, 2013
The chairs of Cadwalader, Wickersham & Taft's financial restructuring department are decamping to O'Melveny & Myers to lead that firm's practice.
Mike Scarcella : The National Law Journal : May 8, 2013
Federal prosecutors have agreed to a sentencing deal with Jeffrey Skilling that will shave time from the 24-year prison term the former Enron Corp. chief executive is serving for his role in the energy giant's collapse.
Julia Love : The Recorder : May 8, 2013
Clients looking to learn more about the anti-bribery and anti-corruption laws overseas don't need to track down their lawyers. They can just whip out their smartphones.
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