O'Melveny's Profitability Growth Tracks 9% Revenue Hike in Year of Heavy Investment

Outside of the U.S., the firm performed particularly well in Asia, where its capital markets team handled nine IPOs on the Hong Kong stock exchange in 2021. It also increased its corporate capabilities in China and made two significant M&A hires in Korea, the firm said.

February 23, 2022 at 03:58 PM

6 minute read

Law Firm Profitability

Dan Packel

The original version of this story was published on The American Lawyer

Breaking with a number of Am Law 100 peers, O'Melveny & Myers grew both the top line and the bottom line at a commensurate level in 2021, when gross revenue and profitability increased in the 10% range. In all, gross revenue reached a firm record of $911 million and average profits per equity partner rose to $2.7 million.