{ "media_type": "text", "post_content": "To what degree is your bonus based on your vs firm performance? Is it taking annual or multi-year average revenue into account?", "post_id": "5941e89c74c4a40011855176", "reply_count": 2, "vote_count": 6, "bowl_id": "5902937c77e26a00105a5bd9", "bowl_name": "Partner One" }

To what degree is your bonus based on your vs firm performance? Is it taking annual or multi-year average revenue into account?

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This is very difficult to quantify even for a particular firm, much less to generalize across the industry. But suffice it to say it is much more closely tied to personal performance than as a non-partner. Different firms will actuate it differently, but personal performance is the largest driver of compensation for Partners. "Performance" could be measured in different ways that are more quantitative vs more qualitatively measured. And certainly firm (or for large firms group/geographic) performance is incorporated somehow. But even with all those mechanisms in place, it is certainly possible for in-year compensation to vary by multiple $100k just based on individual performance. As for year vs multi-year, all systems I've seen have some notion of multi-year averaging built in. Sometimes that's formulaic vs informal, but it's generally always there for a variety of reasons: both to de-risk life for people shooting for the stars, to ensure the firm compensates those who build a franchise vs those who benefit, and to ensure there's money to be left on the table if you leave.

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Thank you!

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