Credit: Jon Valk The 2023 Am Law 100: Ranked by Profit Per Lawyer
Profit per lawyer saw the steepest decline of any metric across the Am Law 100 amid a confluence of market factors that made firms less profitable.
April 18, 2023 at 10:04 AM
1 minute read
Law Firm Profitability
Profits per lawyer is an alternative way of looking at firm profitability, and is intended to reduce the influence of factors such as leverage. A firm's PPL is its net income divided by its lawyer count. Overall, the Am Law 100 saw a collective 7.1% decline in PPL amid increased hiring, softening demand and rising expenses. Wachtell, Lipton, Rosen & Katz again topped the list with a PPL of $2,338,000. Figures are rounded to the nearest $1,000.
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