The M-dwarf AD Leonis has been observed with the Reflection Grating Spectrometers and the European Photon Imaging Camera aboard XMM-Newton and also with the Low Energy Transmission Grating Spectrometer aboard the Chandra X-ray Observatory. In the observation taken with XMM-Newton five large flares produced by AD Leo were identified and only one in the observation taken with Chandra. A quiescent level to the lightcurves is difficult to define, since several smaller flares mutually overlap each other. However, we defined a quasi-steady state outside of obvious flares or flare decays. The spectra from the flare state and the quasi-steady state are analysed separately. From these spectra the temperature structure was derived with a multi-temperature model and with a differential emission measure model. The multi-temperature model was also used to determine the relative abundances of C, N, O, Ne, Mg, Si, S, and Fe. He-like ions, such as O VII and Ne IX, produce line triplets which are used to determine or constrain the electron temperature and electron density of the corresponding ion. During the flare state a higher emission measure at the hottest temperature is found for both XMM-Newton and Chandra observations. The derived abundances suggest the presence of an inverse First Ionization Potential effect in the corona of AD Leo.