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Hello all,
Can anyone at Pwc please refer me for the job in the link below:
https://www.naukri.com/job-listings-management-consulting-pharma-life-sciences-r-d-associate-pricewaterhouse-coopers-private-limited-bangalore-bengaluru-1-to-4-years-170621500558?utmcampaign=androidjd&utmsource=share&src=sharedjd
Thanks in advance! PwC
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Mentor
Neither. PPP is literally rev divided by partners, with no deductions for costs--it's not really profits. It's a fake metric that is just a ballpark number for revenue and headcount of partners which loosely correlates with "the higher the better."
Junior or newer partners usually don't have as large of a book as rainmakers, so you would expect to be below average.
Mentor
I don’t think this is quite right. PPP is calculated by dividing net income by the number of equity partners so expenses are taken out of revenue.
Coach
My firm - granted this is hearsay - says that over a million is a “solid book”. Some “big shot” partners books are in the $3-$5mm range and the largest single book I personally know of is $75mm but that’s an extreme rare case with a partner who got very lucky in a very profitable niche
Why do you think every firm wants to disclose PPP numbers? Because it is so grossly skewed against reality. Law firms are never that open. Just my two cents.
Not at all. At many firms with high PPPs, there is zero expectation that you have any business at all. You need to be relevant or integrated into to some client relationships, but definitely don’t need business. I think the lower the firm’s PPP, the more expectation that you have some business (mainly because your rates are lower, so it’s easier to get business).