Operations

Operations is the difference between a firm that grows and one that just gets bigger. These pieces are written for the partner who has to look at the P&L on a Monday.

OperationsJun 12 · 11 min read

PEP is Lying to You: How to Read Profit Per Equity Partner Honestly

Profit per equity partner is the headline number every Indian league table leads with. It hides leverage, realisation, lock-up and partner hours. Here is how to read it honestly, with the four-line decomposition every managing partner should run before the next compensation cycle.

OperationsApr 21 · 10 min read

Why Per-Matter P&L is Broken at Most Law Firms

Most firms cannot tell you which matter made money last quarter. The four hidden costs that distort matter-level profit, and the one-page P&L view that actually works.