A dry spell in high-end litigation work following the resolution of several big cases in late 2013 led to the second consecutive year of declines in key financial metrics at O’Melveny & Myers.
Gross revenue slipped 9.3 percent, to $665 million, in 2014, while revenue per lawyer fell 1 percent to $1 million and profits per partner dropped nearly 8 percent to $1.6 million. In 2013, O’Melveny recorded declines of 10.4 percent in gross revenue, 8.6 percent in revenue per lawyer, and 16 percent in profits per partner.
