Firms Wary Of Orrick's Stance On Profits Per Partner

Law360, New York (May 18, 2010, 7:37 PM EDT) -- 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,...
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