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
Profit Per Partner Forum
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09042014
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Re: Profit Per Partner
A lot of firms basically only take lateral partners.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
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Anonymous User
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Re: Profit Per Partner
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.
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Anonymous User
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Re: Profit Per Partner
Is there a better method to determining the average potential return if you make partner and the average likelihood of doing so?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.
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Anonymous User
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Re: Profit Per Partner
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.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
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.
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09042014
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Re: Profit Per Partner
Clint is afraid of terrorists. What a bitch.
I'd try them at 1 WTC.
I'd try them at 1 WTC.
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