For 20 years, we've measured the economics of law firms, first with The Am Law 50 and 75, more recently with The Am Law 200. Throughout, we've kept to the same metrics: gross, revenue per lawyer, profits per partner, and the Am Law Profitability Index (API). These lists helped inform and change the profession. (Note that we didn't say ruin.) We publish them again this month with one significant addition that we think reflects the changed nature of the business of law: Value Per Lawyer.
July 01, 2005 at 12:00 AM
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