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Not sure about all the details, I think it's intentionally kept vague, but what Iv been told is there is basically a ranked list submitted to firm leadership with folks up for partner. The firm then decides how many new ppeds your group gets and that many people off the list get it. As far as getting on that list you better have the numbers and play the politics game right. Iv been told at Ey average partner comp (not new partner) is 800k, I know from some market research I did that a lot of top law firms run between 1-2 mill, id assume mbb is more in line with that.
It's all about the units.
That ey average partner comp is extremely dependent on group. Fso advisory partner average is 1-2 mil (average partner has been partner for 5-10 years). Low end can be 300-400k for shitty practice
Ah makes sense