Given Ropes’ recent AmLaw disclosure that their one tier partnership isn’t actually a one tier, other than comp, what are the main differences between equity and non-equity / low equity partners at your firm?

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Posting as :
works at
You are currently posting as works at

That was wild. They really wanted their PPP to skyrocket.

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Can someone elaborate?

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Ropes had been reporting everyone as equity for AmLaw purposes in the past. However, this year, they decided to use the AmLaw definitions and excluded 90 something partners from the PPEP calculation (most likely the lowest paid partners). This made the PPP skyrocket.

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