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Our Profitability Index metric looks at a firm’s ability to convert revenue into profits. This metric, introduced in 1985, seeks to demonstrate which firms best balance leverage and profit margin for the highest possible profits per partner.


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We calculate the profitability index by dividing profits per partner by revenue per lawyer. On this chart, leverage is the ratio of all lawyers (minus equity partners) to equity partners; profit margin is the ratio of net income to gross revenue multiplied by 100 and rounded to the nearest whole number. For more on how we calculate these figures, please see our methodology.


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Gina Passarella Cipriani

Gina Passarella is editor-in-chief of The American Lawyer. She has covered the business of law for her entire career, first as a reporter and special projects editor with The Legal Intelligencer in Pennsylvania and then as senior editor for business of law in ALM's global newsroom. She took over as editor-in-chief of The American Lawyer in January 2017.

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