Profit Per Partner

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Anonymous User
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Profit Per Partner

Postby Anonymous User » Thu Aug 30, 2012 9:35 pm

How useful is a metric is this? When used in conjunction with partner associate ratio?

If a partner associate ration is .3 then, factoring in laterals and those who self select themselves out of the running, is it safe to assume that partnership chances are 20 to 30 percent?

Curious to thoughts

09042014
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Joined: Wed Oct 14, 2009 10:47 pm

Re: Profit Per Partner

Postby 09042014 » Thu Aug 30, 2012 9:37 pm

Anonymous User wrote:How useful is a metric is this? When used in conjunction with partner associate ratio?

If a partner associate ration is .3 then, factoring in laterals and those who self select themselves out of the running, is it safe to assume that partnership chances are 20 to 30 percent?

Curious to thoughts


A lot of firms basically only take lateral partners.

Anonymous User
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Re: Profit Per Partner

Postby Anonymous User » Thu Aug 30, 2012 9:39 pm

It wouldn't be wise to try to account for people who self select out, because you don't know if you will self select out until you're actually an associate. Some people wind up loving what they do, but it seems like most people don't.

Anonymous User
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Re: Profit Per Partner

Postby Anonymous User » Thu Aug 30, 2012 9:51 pm

Anonymous User wrote:It wouldn't be wise to try to account for people who self select out, because you don't know if you will self select out until you're actually an associate. Some people wind up loving what they do, but it seems like most people don't.


Is there a better method to determining the average potential return if you make partner and the average likelihood of doing so?

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: Profit Per Partner

Postby Anonymous User » Thu Aug 30, 2012 10:06 pm

Anonymous User wrote:How useful is a metric is this? When used in conjunction with partner associate ratio?

If a partner associate ration is .3 then, factoring in laterals and those who self select themselves out of the running, is it safe to assume that partnership chances are 20 to 30 percent?

Curious to thoughts


TBH, chances of making partner should not enter into consideration at this point in your career unless you're going to an elite boutique like KVN. At my old BigLaw firm (equity partners only), I saw too many exceptional senior associates get passed over for laterals after they wasted 8-10 years of their life working 12+ hours per day. They all lateraled as partners into smaller firms or went in-house. The business savvy ones took the same route as mid-level associates. It is literally hit or miss.

To me, PPP is only useful for assessing how many dead weights there are in the firm, which may speak to its overall financial stability.

09042014
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Joined: Wed Oct 14, 2009 10:47 pm

Re: Profit Per Partner

Postby 09042014 » Thu Aug 30, 2012 10:07 pm

Clint is afraid of terrorists. What a bitch.

I'd try them at 1 WTC.




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