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Every firm has a different way of calculating partner compensation, so it can vary but they all generally look at the same drivers:. Cases sold: what business did you bring in? For all the firms this matters a lot, although none of the elite firms do a direct commission off cases sold, likely because they don't want to directly incentivize "pushy" sales behavior.
Company performance: how is the business performing overall? Great year? OK year? Bad year? This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases.
Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm.
While it's not difficult to consider what variables go in, how they're weighted, adjusted, etc is a trade secret. A good friend of mine who spent 8 years at Bain said "honestly, partner compensation feels like a black box for most of the partners!
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