What exactly does profits per partner mean? The chart below lists, for example, Wachtell's PPP at $4.5 million. Does this mean that the average partner at Wachtell made $4.5 million last year, in take home pay? Most Big Law firms have PPP's around $500 thousand-$1 million. Does that mean the average partner at most big law firms makes that much?
http://www.americanlawyer.com/PubArticl ... 0901233011
What Does Profits Per Partner Mean? Forum
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LawIdiot86
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Re: What Does Profits Per Partner Mean?
No, it's the total profits over the total number of partners. Very few partners make exactly the PPP because older equity partners make a lot more than junior non-equity partners. It's even less useful than a GPA curve's mean.puppylaw wrote:What exactly does profits per partner mean? The chart below lists, for example, Wachtell's PPP at $4.5 million. Does this mean that the average partner at Wachtell made $4.5 million last year, in take home pay? Most Big Law firms have PPP's around $500 thousand-$1 million. Does that mean the average partner at most big law firms makes that much?
http://www.americanlawyer.com/PubArticl ... 0901233011
