[A] focus on profit undermines the differences between the practice of law being a profession rather than solely a business. It is easy to anticipate the assertion that we choose not to report aggregate annual average profit numbers because they are not as high as some other firms. But that assertion simply assumes that the way things have been done in the past is the way they should be done in the future.

– Global chief executive officer Elliott Portnoy and global chair Joe Andrew of Dentons, explaining in a letter to the American Lawyer the reasons why the firm will no longer report its average profits per equity partner.

(Dentons, a verein that recently merged with two firms, had PPP of $625,000 in 2013, which put the firm in 96th place on the Am Law 100 when ranked by PPP.)


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