O'Melveny & Myers has offered retirement packages to partners aged 50 and over, writes The Recorder, in a move likely to be interpreted as a bid to drive up profitability. The Los Angeles-based firm confirmed this week that it had offered early retirement deals to partners aged 50 and over in a memo sent earlier this year. O'Melveny partners with sufficient service typically qualify for full retirement benefits at 65 and partial benefits at 55.
March 13, 2008 at 12:59 PM
1 minute read
The original version of this story was published on Legalweek
O’Melveny & Myers has offered retirement packages to partners aged 50 and over, writes The Recorder, in a move likely to be interpreted as a bid to drive up profitability.
The Los Angeles-based firm confirmed this week that it had offered early retirement deals to partners aged 50 and over in a memo sent earlier this year. O’Melveny partners with sufficient service typically qualify for full retirement benefits at 65 and partial benefits at 55.
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