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There is an overall strategy to make fewer partners and more MDs across firms. Going forward partners will be rainmakers.

Very similar to what is happening in law.

So what is going to be done about all the current partners who are clearly not rainmakers? Are they just lucky in their timing and get to keep the role when the newer admits have a different set of criteria.

Their expectations start going up. If they can’t meet new goals, compensation starts being affected and ultimately may need to exit. It’s a better situation than not yet being a partner, but they are certainly not immune.

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