Should the Managing Partner Be the Highest Paid Partner?

Businesspeople standing atop 5 stacks of coinsIt depends, and not on what role YOU play.

By Marc Rosenberg
Partner Comp: Art & Science

There  are  two  responses to the headline question. First, there is no automatic rule or customary practice that says the managing partner shall be the highest paid partner.

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Second, it depends on how the MP’s overall performance compares to other partners. Firm management, originating clients and the size of one’s clients under management (“book of business”) are far and away the factors that earn the most income for a partner.

Here are illustrations of various scenarios: