When a Firm Tanks While a Partner Soars

Female and male hands tearing a $100 bill in half in tug of warAdjustments during the year may be in order.

By Marc Rosenberg
Partner Comp: Art & Science

Assume this: An eight-partner, $7 million firm had income per partner (IPP) the prior year of  $350,000.

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In the current year, for whatever reasons, the firm’s revenues decreased to $6.5 million and IPP sank to $300,000.