O’Melveny & Myers has posted a 13 per cent increase in profit per equity partner (PEP) to $1.73m (£1.09m) in the 2010-11 financial year.
Revenue per lawyer (RPL) meanwhile has broken the $1m mark for the first time, rising 10.2 per cent to $1.02m.
In contrast, total revenue dipped slightly by around 1 per cent to $779m (£491m).
Last year saw O’Melveny win a major role representing London Stock Exchange-listed RIT Capital Partners (previously the Rothschild Investment Trust) as investor in digital filesharing business Dropbox (https://www.thelawyer.com/o’melveny-on-board-as-rit-invests-in-filesharer-dropbox/1010133.article) as well as advising the International Olympic Committee on its decision to award NBC Universal the broadcast rights to
Olympic Games from 2014 to 2020.
2011 also saw the firm enter Indonesia via a formal association with local law firm Tumbuan and Partners (8th November 2011:
However the US-firm lost a number of attorneys last year, with magic circle firm Allen & Overy (A&O) poaching three lawyers for its office in Washington (https://www.thelawyer.com/ao-launches-in-us-capital-with-omelveny-team/1008385.article)