Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.
March 14, 2024 at 05:00 AM
6 minute read
Reporter
After several years of aggressive growth for O’Melveny & Myers, which added 46 lateral partners between 2021 and 2022 and posted a 12.4% increase in gross revenue in 2022, financial performance dipped in 2023 with a 3.6% decrease in revenue.
The firm continued adding head count, a factor that contributed to a 4.8% decline in RPL, while PEP was down 0.5%.
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O’Melveny offices in Washington, D.C.
