The American Lawyer: Boosting Head Count and Profitability, O’Melveny & Myers Became a $1 Billion Firm in 2022
March 6, 2023
O’Melveny & Myers LLP chair Bradley J. Butwin said that 2022 was the best year in the firm’s 137-year history. Last year, O’Melveny’s gross revenue rose to US$1.02 billion, its net income increased by 8.2% despite a 10.7% increase in lawyer head count, and it brought in 23 lateral partners. The firm continued its expansion in Texas with the announcement of a Houston office that opened in May 2022, joining its other Lone Star State locations in Dallas and Austin. O’Melveny’s litigators were also busy, securing wins for Johnson & Johnson, American Airlines, Chubb, and various underfunded school districts in a landmark education funding trial in Pennsylvania. On the corporate side, O’Melveny advised Broadcom on its US$61 billion pending acquisition of VMware and a real estate consortium on a US$4.2 billion terminal project at John F. Kennedy International Airport. “When I look back over the past three years, 2020 was about strategy and planning as we entered a pandemic, 2021 was about executing on those ambitious plans and 2022 was about leveraging our stronger platform to help clients achieve exceptional outcomes,” Butwin said.
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