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When the partner asks why I missed his deadline

Kasowitz Benson - what is your opinion of them?
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Mentor
Important partners make more, so having them out of the pool can increase PEP. Also many clients are sticky and do not leave when partners do. The firm could also have laid off a bunch of associates or overworked the ones who remain to increase PEP.
The math ain't mathing
In this case: firm is lockstep and associates actually increased.
Mentor
They just need to replace revenue in following year. If they leave, they have more profits to share with less equity partners and the revenue still counts for that year.