Why it matters: Matthew Layton

The challenges faced by businesses have never been so complex, nuanced or international. Delivering the best possible solutions for clients requires a team of people from a wide range of backgrounds who can  offer different perspectives and diverse opinions. There are ethical reasons for fostering diversity, but it also makes fundamental business sense.

Law firms increasingly understand the importance of developing teams that match the diversity of their clients. Clifford Chance has a longstanding commitment to sustainable improvement to our gender balance. Progress
is being made, but the fact remains that we, and the profession, are not as diverse as we ought to be. There is more work to do.

To improve, we must integrate our commitment into every aspect of our decision making. This means aligning our priorities for diversity and inclusion with the firm’s high-level commercial strategy, as well as its day-to-day business activities. Women and men must have equal opportunities to do the substantive legal and client development work that is critical to their success.
Of course, strong leadership is essential, with senior management setting clear expectations, closely monitoring progress, embedding an inclusive culture and acting as sponsors and mentors for talent across the whole firm. In particular, we need role models: individuals who are willing to share their advice and experiences to support and inspire those embarking on their careers. It’s no small commitment, but there are many passionate people who have taken on the task.

You’ve now read some of their stories. Hopefully, they will help you to write your own.

Matthew Layton, Managing Partner,  Clifford Chance

Foreword: Laura King

There is a wider range of opportunities for women in business than ever before. To maintain and increase the momentum that’s been built over several decades, it’s incumbent on senior leaders across all industries to continue pushing for sustainable improvements.

In the legal sector, we are making progress towards gender equality, but few firms would say they have done enough. A critical component to closing the gender gap is transparency – including annual public reporting that details the progress being made. At Clifford Chance, our goal is to have women make up at least 30 percent of our partnership. As of today, that proportion is 18 percent globally, though with significant variations in regions, with our London office at 22 percent and Asia Pacific at 28 percent. We’re on a path forward but there is still a lot more for us to do.

Sustainable progress will only be achieved by taking a holistic approach to gender equality. Generational change will help us shift the balance, but we cannot wait on that.

Clear policies should be the starting point. They must be actively and openly endorsed by senior leadership. Education should also be a priority, especially training programs that address unconscious bias and other gender and diversity issues. Law firms and legal departments must work to support managers and colleagues in creating a truly inclusive and meritocratic environment.

The reason we joined with The Legal 500 and GC magazine in publishing this book is a profound belief that more role models, like the women profiled on the following pages, are needed to help advance the cause. We hope everyone who reads this book will benefit from the experiences of others who have been there before them – particularly when faced with career-forming decisions. We also hope the ideas and examples shared will provide a “road map” that lays out different ways for younger lawyers to reach their chosen destinations.

My advice for law school students and junior lawyers is to seek out outstanding role models and make them your mentors. Develop a strong support network that will help you succeed. And feel empowered to make your own way in the world.

Laura King
Global Head of People and Talent, Clifford Chance

Comment: Hot private equity money is remaking Europe’s legal market

What are we to make of the most aggressive raid between top ten City firms since Allen & Overy helped itself to the bulk of Norton Rose’s leveraged finance team back in 2002? In some ways, news this month that Freshfields Bruckhaus Deringer is to ship in a productive five-partner buyout group from Ashurst seems even more notable. Continue reading “Comment: Hot private equity money is remaking Europe’s legal market”