More On O'Melveny's Early Retirement Offers

Legal Pad is still chasing information about O’Melveny & Myers' early retirement program, which we mentioned in a Friday post. Details are dribbling out, but the firm is officially pretty tight-lipped so far.

“It’s strictly voluntary,” the firm said in a statement today. “We’ve implemented this type of program in the past and this is nothing new for our firm or law firms in general.”

The temporary option was offered for a window of time — how long isn’t clear to us yet, but we hear the window’s closed now — to all partners over age 50 who met certain requirements, such as length of tenure at the firm, according to a source close to O’Melveny management.

Masood Sohaili, the O’Melveny partner who took off for Manatt this week, was the first partner to take advantage of the special early retirement package — details of which we're still digging into. There’s been interest from a handful of other O’Melveny partners, but decisions have not been reached.

We’re still checking into this, so keep an eye here and on CalLaw.com. If you have any tips, put 'em in the comments or drop us a line.

— Kellie Schmitt