Do partners buy into the firm? What is the incentive to promote principals to partners?

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Posting as :
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Quite a few recent posts from Trinity folks about principal to partner promos…did someone get passed up 🤔

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unsure! But i have noticed Trinity has had quite a few leadership promos in the last 1 year

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Like in any other places: if you don't promote they leave to a competitor (and in this case may take millions of revenue with them)

Aren’t principal and partner the same? The only thing that separates them is the CPA. Yes?

No it depends on the company

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AFAIK no buy in at Trinity. You get units allotted at each level- look at it as a bonus of sorts.

Partner and Principal are the part of the same Leadership team. Both have equity. The thing that is different is the revenue that they bring in.

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