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The American Lawyer: Busy Litigation Docket, Big Deals Drive Gains at O’Melveny & MyersFebruary 25, 2020
O’Melveny reported increased revenue in 2019 for the fifth year in a row, The American Lawyer wrote.
“The firm’s net income rose 4.9% to $396.1 million, a 47% hike over the last five years. Profits per equity partner climbed 2.4% to $2.32 million, while revenue per lawyer expanded by 5.2% to $1.25 million,” the article noted. O’Melveny Chairman Bradley Butwin told the publication that 2019 saw “a broad amount of above-the-fold work.” AmLaw cited in particular “two significant trial efforts.”
“In February, a federal appeals court affirmed its victory on behalf of AT&T and Time Warner, which sought to preserve their $100 billion merger against opposition from the U.S. Department of Justice,” AmLaw noted. “Then, in May, serving as J&J’s national litigation counsel, the firm took the country’s first opioid case to trial, where it limited Oklahoma to 2.6% of the $17.7 billion it had sought.”
Read the full article here.