News Profits picture tells another story By The Lawyer 7 April 2008 00:21 16 December 2015 23:59 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 24 April 2008 at 17:22 PEP/PPP It is true that “revenue” doesn’t tell the whole story. But PEP analysis is not immune from the same criticism. Particularly when some US firms have fudged who is or is not an equity partner to meet the AMLaw 100 criteria. Many firms will say they only have one class of partner- an all equity partnership. But when it comes to the AMLAW 100, they conveniently become a two class partnership. Look at MoFo or Orrick for example. To weed these firms out the focus on results needs to look at PEP, PPP and RPL, or to properly and uniformly define what an equity partner is. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.