[The imaginary cross-examination of a real biglaw senior partner continues…]
Q: “By the way, when Am Law reports a firm’s average equity partner profits, that doesn’t tell us anything about the range, does it?”
Partner: “An average is an average. A range is a range.”
Q: “In some big firms, the range can be pretty substantial, can’t it?”
Partner: “Sure.”
Q: “In fact, at the top of elite firms like yours, the equity partners typically earn several million dollars a year more than the average, right?”
Partner: “We don’t comment on such matters.”
Q: “The point is, when you say ‘everything is relative,’ that’s true even within the equity partnership, right?”
Partner: “What’s your point?”
Q: “Even among the select group of winners who make it into the equity partnership, the even fewer who go on to become firm leaders — as you did — are the real success stories, aren’t they?”
Partner: “That’s the American way, isn’t it? A successful business depends on leaders and the market rewards us accordingly. In that sense, we all become products of the decisions we make.”