Brad Butwin

Associate Bonus Watch: O’Melveny & Myers
(And other OMM developments.)

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There were a few rough patches last year for O’Melveny & Myers. The elite firm, founded in California but now international in its coverage, experienced a significant number of partner departures. It conducted some staff layoffs. And there was turnover at the top, with New York litigator Bradley Butwin picked to replace D.C. power broker A.B. Culvahouse as chair of the firm (ending Culvahouse’s leadership term about a year early.)

Has OMM turned a corner under the new leadership? Butwin and the other new leaders at the firm have started implementing a new strategic vision for the firm, and thus far, things seem to be going well. The firm’s latest financial results were healthy, with the key metrics of profits per partner and revenue per lawyer hitting record highs in 2011 (reaching $1.73 million and $1.02 million, respectively).

What have these financial results meant for O’Melveny associates? The firm recently announced its 2011 bonuses….

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(And other OMM developments.)“

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Musical Chairs: O’Melveny & Myers Announces Its Next Leader

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Congratulations to Bradley Butwin, firm-wide chair of litigation at O’Melveny & Myers. The firm just announced that Butwin, a 51-year-old, New York-based partner, will take over from A.B. Culvahouse Jr. as chairman of the firm. The timing of the handover remains to be determined.

We previously covered the leadership transition process at OMM. At the time, word on the street was that five candidates were vying for Culvahouse’s position as chair.

In the end, it came down to three partners. Let’s learn about the contenders, and see what else is going on at O’Melveny….

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