As far as acronyms go, “PPL” doesn’t have the same recognition as some others in the law firm financial vernacular. And as a barometer of firm performance, profits per lawyer—a firm’s net income divided by its attorney headcount in full-time-equivalents–also doesn’t get the most attention. But should that change?

The 2024 Am Law 100’s average PPL ($518,000) is a 6.2% increase from last year ($487,000).