Barbara Stettner

It is getting hard to sugarcoat the situation at O’Melveny & Myers. We have been covering their extensive partner departures over the last few weeks.

The news from earlier this week continues that trend. Allen & Overy is opening a second U.S. office with, you guessed it, O’Melveny partners (specifically, financial regulatory partners Barbara Stettner and Chris Salter, and counsel Charles Borden).

Up until now we’ve been reporting that there has at least been stability in OMM’s firm leadership. But that may no longer be the case. Today’s report suggests that firm chairman A.B. Culvahouse Jr. may be forced out sooner rather than later….

UPDATE (7/2/11): Additional comment from the firm, after the jump.

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