Do all big 4 firms do “fixed” earnings per unit for the first few years?

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Isn’t that just an income partner?

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Basically, but you have shares it’s just you don’t participate in the upside or downside - your earnings per share component is fixed.

Interesting - I have heard that the tier below the big 4 does it for first 4-5 years and at least 2 of the big 4 but didn’t realize it wasn’t across the board

No. You aren’t a partner if you aren’t taking part of the income?

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How can it be fixed? Just curious. By us first year partners are given an estimate but it’s trued up at end of year. If they have a huge lawsuit it doesn’t matter and in theory they may be paid more than others? If they have a great year and double their forecast they don’t get any upside? Doesn’t seem like a model to encourage high performance?

No

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Deloittes does not

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