Foley & Lardner managing partner Stanley Jaspan explained his firm's partner compensation formula to the court in Carey v Foley & Lardner which the firm won after the plaintiff could not find another partner doing 'equal work.'  It was revealed the firm did not use a mathematical formula or numeric weighting to calculate compensation. Instead the Management and Compensation Committees make decisions based on both 'quantitative data regarding each partner's personal production, billings, collections, work in process and receivables' plus a range of qualitative metrics in a holistic manner to make compensation decisions.

Skillset of partners

The calculations include looking at the skillset of the partners, whether they act in the interest of the firm what contribution they make to clients, teams etc and how they deal with diversity and pro bono work. The managing partner also pointed out in court that the firm looked longer term so that if there was a drop-off in a partner's practice, there would not be a drastic fall in salary. Source: bcgsearch.com