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From the stark monetary perspective, in many large partnership-based corporations (not Google) - it is all about the client money you are directly responsible f
by wallflower 13y ago
From the stark monetary perspective, in many large partnership-based corporations (not Google) - it is all about the client money you are directly responsible for bringing in to the firm. Especially in Law. Partners in law/accounting/consulting firms are invited to partnership based on the client business they bring in. And then they have to "buy in".
The ratios vary. I recall one Andersen (now Accenture) partner telling me that he brought in about $10M of business. For a Big-4 (or is it Big-3?) accounting firm, the revenue per partner was $2.66 million. [1]
Law firms are notorious for PPP. [2]
[1] "Total firm revenue was $22 billion and global partnership was 8,280 partners giving a revenue per partner ratio of $2.66 million."
[2] http://en.wikipedia.org/wiki/List_of_law_firms_by_profits_per_partner http://en.wikipedia.org/wiki/List_of_law_firms_by_profits_pe...