Partner (business rank)

A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position. Originally, these businesses were set up as legal partnerships in which the partners were entitled to a share of the profits of the enterprise. The name has remained even though many of these entities are now corporations. Sometimes senior employees of the firm may have the title “partner” (e.g. , “salaried partner”) to indicate a profit sharing status.