Economics - How are revenues generated? - Compensation Rates

3 important questions on Economics - How are revenues generated? - Compensation Rates

Why are the compensation rates of the partners as opposed to the juniors, so high?

Because of 'the rewards of partnership'.

Contrary to juniors, partners could go independent, but how do clients see this?

This is more and more contested by clients!

What is another reason why going independent as a partner is not the best idea?

It is difficult to run a global firm with full local decision authority.

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