Orrick Abolishes Profits Per Partner Measure

Law360, New York (May 12, 2010, 8:20 PM EDT) -- Orrick Herrington & Sutcliffe LLP said Wednesday that it would stop using profits per equity partner to gauge the performance of the firm, calling the metric an outdated measure in a changing legal industry.

The San Francisco-based firm will no longer report the PPP figures to the public or crunch the numbers internally, nor will it set goals or a budget based on the metric, Orrick chairman and CEO Ralph Baxter told Law360.

Instead, Orrick is looking at other ways to evaluate the firm, including total...
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