Few Partners Took O’Melveny Buyout Offer: Source

Law360, New York (March 10, 2008, 12:00 AM EDT) -- Only a few attorneys have taken up O’Melveny & Myers LLP on its retirement buyout package that was offered to partners who are 50 years old or older.

A source familiar with the Los Angeles-based firm told Law360 on Monday that about three partners agreed to the buyout package, but added that the window for the program has since closed.

The buyout program has been used before at the international law firm, which boasts more than 1,000 lawyers, and is not uncommon at other firms....
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