Firms Wary Of Orrick's Stance On Profits Per Partner

By Leigh Kamping-Carder

Law360, New York (May 18, 2010, 7:37 PM ET) -- Orrick Herrington & Sutcliffe LLP has opted to stop tracking or reporting its profits per partner, but legal industry watchers say the lack of an easy alternative and the allure of bragging rights will keep the metric in place for at least several years.

Profits per partner has long been considered the gold standard for measuring a law firm's success, as well as a key tool in recruiting top legal talent.

But on May 12, Orrick said it would stop using the metric to set goals,...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles