O’Melveny & Myers posted declines among key financial indicators in 2013, with gross revenue at the firm falling 10 percent, to $733.5 million, according to The American Lawyer’s reporting.
The firm’s profits per equity partner fell 16 percent, to $1.73 million, while revenue per lawyer declined a more modest 8.6 percent, to $1 million. The declining numbers for 2013 follow a year in which O’Melveny, as a result of alternative fee arrangement payouts, turned in record revenue per lawyer and profits per equity partner.
