O’Melveny & Myers has once again crossed the $1 billion threshold in gross revenue, reaching $1.07 billion in 2024. This impressive performance marked an 8.4% increase from the previous year and also saw the firm achieve a milestone with profits per equity partner (PEP) exceeding $3 million for the first time, rising by 10.9% to $3.05 million. In a dynamic performance driven by marquee litigation clients and robust deal volumes, the firm’s net income surged by 15.4%, resulting in a profit margin improvement to 46%, alongside a 1.3% increase in lawyer headcount.
For more details, visit the original article on The American Lawyer.