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%.
