Orrick, Herrington & Sutcliffe has announced it will no longer track or report profits per equity partner, but others still find the metric useful. Notes consultant Peter Giuliani, "The fact of the matter is, ... it's a measure of your buying power in the resource market."
June 04, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In early May, the New York firm of Orrick, Herrington & Sutcliffe announced it would no longer track or report “internally or publicly” the metric of profits per equity partner.
“The legal profession is at a transformative moment, and now is the time to reconsider all of the metrics we have traditionally used to measure success,” said its managing partner, Ralph Baxter.
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