X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Rumor has it that about 20 partners at Los Angeles’ O’Melveny & Myers were recently shown the door. Sources at the firm say it just isn’t true. What really happened was that managers had meetings with about a dozen attorneys regarding the size and scope of their practices, or the lack thereof. Reportedly no one at O’Melveny has been given walking papers yet this year. “It’s one of those facts of life,” says an O’Melveny attorney. “You have young partners who are anxious to see revenues increase.” In the past year, the gap widened between per partner draws at O’Melveny and the other two largest Los Angeles firms. O’Melveny & Myers partners took home $650,000 each, while at Latham & Watkins, profits per partner for fiscal year 1998 reached a stunning $914,000. Partner draws at Gibson, Dunn & Crutcher averaged $810,000.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.