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But what if you *are* Partner 1?

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Coach
Depends on the firm and many other factors - maybe take a broader view. At most places, what gets scrutinized most through the admissions process is book of business, pipeline, and how strong the first 2-3 years would be. Perhaps that scrutiny didn’t happen properly in this case and now this person is unfortunately struggling. Combine that with a tough market and politics, tough spot to be in.
It depends on the firm and the specific situation. If your mentor had a good book planned, the running around would have likely been minimized. It sounds like she is in a tough position, but I would not say that all new consulting partners have the same experience. Everyone's is different.