O'Melveny Buyout Deal May Denote A Trend

Law360, New York (March 13, 2008, 12:00 AM EDT) -- O'Melveny & Myers LLP's recent retirement buyout package offer to partners as young as 50 years old spotlights the issue of employers' efforts to boost profits and avoid discrimination lawsuits by coaxing older workers to leave voluntarily.

Experts have suggested various reasons for the offer, including current economic concerns, alternatives to mandatory retirement ages and a way to increase profit-per-partner figures.

O'Melveny would not comment on the package, though a source familiar with the offer said it was a common practice that had nothing to do...
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