Bradley Butwin will serve as chair of O’Melveny & Myers until 2025 after the firm’s partners granted the securities litigator another four-year term, his third at the helm.
Butwin’s re-election comes eight months before the new term is set to begin in February, which the roughly 750-lawyer firm called a way to “signal its commitment” to the New York-based lawyer’s leadership vision. He assumed the chair position in 2012.
The past year has been eventful for Los Angeles-founded O’Melveny, beyond just the coronavirus outbreak that has caused dramatic shifts in the Big Law landscape.
In late March, O’Melveny retooled its leadership in a number of major offices and practice groups. That came a little more than six months after the firm’s merger talks with UK Magic Circle firm Allen & Overy hit the skids following an 18-month transatlantic courtship.
The firm in 2019 saw its fifth straight year of revenue increases, bringing its top line to $835.3 million, according to the latest AmLaw rankings. Its partners earned, on average, $2.32 million in 2019, the 36th highest figure among the AmLaw 100.
“For more than eight years now, under his steady leadership, O’Melveny has expanded our range of client services and enhanced our reputation in the marketplace,” Pamela Miller, lead director of O’Melveny’s policy committee, said in a statement. “It is reassuring to have Brad at the helm during these uncertain times, and we’re excited about the opportunities for the future.”
Many law firms in recent weeks have taken cash-saving measures such as cutting salaries to prepare for an economic downturn caused by Covid-19 and the ensuing idling of the global economy. O’Melveny has so far not been publicly connected to any such moves.
Butwin said in a statement he looks forward to helping clients “forge ahead” despite a challenging global economy.
“The cornerstone of our success has been our focus on building and growing enduring, meaningful relationships with our clients through both prosperous and difficult times,” he said.