DougEvans789 wrote:Anonymous User wrote:Anonymous User wrote:Are the Above the Law rankings more accurate?
PPP and RPL are the best metrics. Law firms exist to make money. Nothing else matters.
I’ve heard this but always found it kinda curious. As an associate, you’re not an owner of the firm, so why would your first concern be its revenue or profitability? I can’t imagine a non-lawyer would ever pick his company based on its earnings per share or whatever. Especially not if (for some reason) he knew he’d probably never own its stock.
1) it's a sign of the financial stability of the firm (i.e. job security) and 2) higher PPP/RPL means the firm is more likely to match future raises. also a sign that the firm gets high level work and is likely to correlate with exit options.