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'An Empirical Analysis of Racial Differences in Use of Police Force' by Roland Fryer
Link to study:
https://scholar.harvard.edu/fryer/publications/empirical-analysis-racial-differences-police-use-force
Some bullets:
- Blacks 53% more likely to experience any use of force relative to 15% for whites
- All controls available, officers 46.6% less likely to discharge firearms before being attacked if suspect is black.
- Black officers are more likely to shoot unarmed whites, relative to white officers.
- Blacks are 21% less likely to report voluntary interaction with police than whites.
Anyone here deal with Reines HH before?
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How would you define great communication?
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Extending gratitude. Rewarding good work. Modeling professionalism and collaboration. Sharing the wealth with you. Be grateful and hang on to that partner as tightly as you can. That’s someone you want to work with, be like, learn from, and make proud.
At my firm associates get 10 percent of originations once they hit 50k. Originate 100k you get a 10k “originations” bonus. To make equity someday, there is probably a threshold (depending on firm). At mine, to make equity you need to consistently originate around 1 million. Revenue streams grow over time. 10 percent of this client, 20 percent of that one, etc.
The other posters are right, work for people like that. They are trying to get you to have some “skin” in the client, since you are getting a piece of the pie now. It’s human nature, you should treat all clients the same, but when the money comes into your number, you are just more likely to move them to the front of the line. It’s smart of the partner to do it.
Depending on what performance metrics the firm evaluates associates on, it would likely have an impact on year end bonus. More importantly, originations pave the way to partnership. For a partner to give you a share signifies he or she is literally investing in your future at the firm. It’s an investment because that partner’s bonus is very likely tied to how much he or she originates throughout the year so be giving you a portion of the origination, he or she is forgoing that marginal amount of bonus they would otherwise get.
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It'll matter down the road. "Look, that one's been originating works since year X. Partner material!"
Depends on the firm. There is no meaning to this other than what the firm ascribes. My firm just sort of puts it in the magical discretionary raise/bonus cauldron. Typically people like what happens to them.