Law360, New York (May 12, 2010, 8:20 PM ET) -- 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that it would stop using profits per equity partner to gauge the performance of the firm, calling the metric an outdated measure in a changing legal industry.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...
Orrick Abolishes Profits Per Partner Measure
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