Law Firms
O’Melveny Offers Buyout to Partners Over 50
Posted Mar 10, 2008, 05:43 am CDT
By Debra Cassens Weiss
O’Melveny & Myers is offering a buyout package to older partners, according to a lawyer who is taking advantage of it.
Masood Sohaili told Legal Pad the buyout offer is temporary and available to lawyers over 50. He didn’t disclose any other details. Sohaili is taking the buyout and jumping to Manatt, Phelps & Phillips. He has experience in affordable housing and project development finance.
The blog says it’s wondering if another year of flat profits prompted the buyout offer. One anonymous observer told the publication that the firm may have analyzed its finances and “maybe found out that the older guys aren’t sprinting, but trotting.”
Related Stories
- Fla. School Board Lawyer May Get Nearly a Year of Paid Vacation
Oct 10, 2008, 05:35 pm CDT - NY Appeals Court Tosses Conviction of PI Law Firm and Name Partner
Oct 10, 2008, 11:09 am CDT - Ex-Paralegal Pleads Guilty to Stealing $1.7M from Conn. Law Firm
Oct 10, 2008, 07:54 am CDT - Heller’s Optimistic Numbers: $325M in Assets, Capital; $72M in Liabilities
Oct 10, 2008, 07:10 am CDT
Related Topics
Commenting has expired on this post.
Comments
Be the first to comment.