GC: Is your diversity and inclusion approach primarily driven by internal factors or external pressures?
Continue reading “Interview: Sandie Okoro, general counsel, HSBC Global Asset Management”
GC: Is your diversity and inclusion approach primarily driven by internal factors or external pressures?
Continue reading “Interview: Sandie Okoro, general counsel, HSBC Global Asset Management”
Vodafone as a whole has a D&I strategy, which covers the three Cs: colleagues, customers and communities. ‘Colleagues’ is what we do for employees. We work hard to make sure there’s a talent and gender balance in every team, we look at career life stages, and then we look at making sure there’s an inclusive culture.
Continue reading “Interview: Kerry Phillip, legal director, Vodafone Group Enterprise”
GC: Is your diversity and inclusion strategy primarily driven from internal factors or external pressures?
Firstly, diversity is about the war for talent. It is extremely competitive to get the best people: to attract them, retain them, to encourage the best out of them and to help career progression.
Continue reading “Interview: Patrick Rowe, deputy GC, Accenture”
Our strategy is really driven by both internal and external pressures. The big focus is obviously on the fact that we want to retain the best people out there. I think it is paying off as we are ranked the most sought-after FMCG [fast-moving consumer goods] employer in the world and the third most sought-after employer across all sectors for the second year running, according to a survey by LinkedIn. I think our focus on inclusivity is actually key in retaining hires.
Continue reading “Interview: Ritva Sotamaa, chief legal officer, Unilever”
GC: How important have role models been for you in your career?
Lesley Wan (LW): Role models are very important to have in your life to help you progress and develop, both personally and professionally. They provide a baseline from which you can observe their traits and characteristics, and decide which of those traits and characteristics you may want to embed and adapt to suit your needs and personality. It’s like a form of informal mentoring without necessarily being mentored, and you get to pick and choose what you want to take away with you.
Without role models it can be difficult to know what to aim for in your career – the saying ‘you cannot be what you cannot see’ is important here as strong role models provide guidance and inspiration, as well as an indication of what can be possible with hard work and drive.
It’s important to inspire and motivate all colleagues throughout the organisation and encourage them to progress their careers and continue to learn and grow professionally as well as personally – having diverse role models can really help to achieve this.
GC: Why it is imperative for businesses to truly embrace diversity?
LW: We need to reflect society in the UK, which is becoming increasingly diverse, and we need to be flexible to respond to the changing needs of our clients. Business leaders should always offer their clients a first class service and it can really help if they showcase people that clients can feel comfortable with and relate to, and therefore want to do business with. Allowing different values, experiences and perspectives of colleagues to be shared and accepted internally and form part of the fabric of company culture can give businesses the competitive edge over competitors and a happier workforce. To be a successful business leader, you must get the buy-in and the respect of your wider team and, in part, business leaders should ensure that they take an inclusive approach to the make-up of their team. However, any appointments must be based on merit and if diverse colleagues are not making it through the ranks, then business leaders should reflect on why this is happening and provide training to upskill those colleagues so that they can progress on an equal footing.
In the City, large corporate organisations are demonstrating that they do value diversity and inclusion, with many firms now asking recruiters to provide a good mix of diverse candidates for interview each time. We take pride in being an organisation that champions diversity and inclusion and our expectation is that our suppliers will do the same and not just pay lip service to what is a hugely important issue.
GC: Your ‘Through the Looking Glass’ initiative has been very successful in promoting social mobility in the City. How did it come about?
LW: Our chief economist for Lloyds Commercial Bank, Professor Trevor Williams, and I, observed that there was a lack of diversity in the City. We felt that we had a responsibility as senior bankers to take positive action to help address this issue, and it seemed logical to us both that we needed to target talented young people from less privileged backgrounds in the first instance and help them see what they could achieve with their lives if they had the opportunity to experience City professions and City life. We wanted to tackle the issue from the ground up and educate our young people about potential opportunities. The programme has been incredibly successful and is currently held in London, Manchester and Edinburgh, with some fantastic law firms and corporate organisations supporting us. Most of the committee comprises lawyers from all over the City who have previously worked for me on secondment and were inspired to continue to support this initiative on a voluntary basis. We are launching in Leeds later this year.
GC: Can you talk me through the practical steps you undertook in taking Through the Looking Glass from an idea to an actuality?
LW: In a nutshell:
GC: What were the biggest learning points or challenges you came across in undertaking this?
LW: The biggest challenge was having to learn what you don’t know, and usually this only happens as you go along. It’s not always obvious what you need to look out for, particularly when dealing with minors. The most important thing was to be flexible, keep an open mind and be ready for any surprises – and to be able to deal with any issues quickly and in a pragmatic way.
GC: Do you have any advice for people looking to do more with diversity and inclusion?
LW: It is daunting taking on the task of creating a programme or developing an idea but take it one step at a time, allow yourself breathing space for your idea to embed and develop. You will find that you may keep changing your mind about next steps and retract certain ideas in some cases but that is part of the joy of the learning experience in bringing a project like this to life.
GC: What do you think is the biggest diversity and inclusion challenges that businesses and the legal profession face?
LW: The legal profession still has a long way to go in progressing female lawyers to partnership – statistics are improving but not by very much. Firm culture, working practices and unconscious bias continue to have an impact in this area.
However, I think that women in private practice generally need to take greater ownership for their career progression and be proactive. Women still tend to hesitate before putting themselves forward for promotion and almost talk themselves out of progressing by analysing whether they have the right skillset to undertake the role (if they can’t fulfil 100% of the criteria, many decline to continue with the process); or considering that they may want to get married or start a family soon so don’t think it’s the right time to make any changes. Another issue for female lawyers is having the confidence to be able to negotiate effectively with the boss and talk about that pay rise or bonus that is so richly deserved! Men are better equipped to ‘talk the talk’, as they have been conditioned by social norms. Women’s networks are really important initiatives as they can provide support to female lawyers and encourage them to progress, help with the partnership track, assist with networking and provide role models.
Firm culture and social norms are also a hindrance for male lawyers who are expected to continue to do the long hours while their wives undertake all the childcare – notwithstanding that they may be married to a female lawyer in another law firm. If male lawyers are not encouraged to share the childcare and to take time out of their careers to help bring up their children and enable their wives to return to work, this is another barrier for women progressing in the law.
We do, however, see positive signs from certain law firms making great strides in supporting D&I. Food for thought: how many LGBT, female, ethnic minorities or lawyers with disabilities are actually making it through to law firm partnership or senior leadership positions in business?
We are making progress, which is heartening, but there is still a long way to go.
As MPs seek more documents for the BHS inquiry, the Solicitors Regulation Authority (SRA) said it had not yet taken a position on the actions of lawyers involved.
Continue reading “‘Still monitoring’: Regulator silent on BHS inquiry as hearing continues”
The Government is to launch a £50m rail legal advice services framework to provide specialist work to the Department for Transport.
Long lauded as a key leader within the in-house community, Deutsche Bank’s global head of strategy for legal Emma Slatter, is to leave the bank after 20 years.
Continue reading “Deutsche Bank’s longstanding legal chief Slatter quits to launch consultancy”
In its continued bid to strengthen its presence in the Swiss private wealth market, Charles Russell Speechlys (CRS) has appointed three new partners to its Geneva office, with plans to grow its offices further.
Hogan Lovells has made further moves to strengthen its position in Southeast Asia with a new association in Indonesia and a partner hire in Singapore.
In the latest twist to the offshoring saga, and following news last week that two global 100 firms are to outsource to Poland and Manila, Royal Dutch Shell is preparing to open its own offshore legal centre to service the oil giant’s global operations.
Berwin Leighton Paisner (BLP) has recruited a team of five lawyers including two partners to its Hong Kong office, while Allen & Overy (A&O), Hogan Lovells and Herbert Smith Freehills also made key international appointments last week.
The Crown Estate is to launch a review of its external legal adviser panel following the departure of general counsel (GC) Vivienne King who has been replaced by former deputy Rob Booth (pictured).
Continue reading “In-house: Crown Estate to review energy and commercial real estate panels”
Newly-qualified UK lawyers at Shearman & Sterling will see salaries pushed up £7,000 to £95,000 this year as City salaries soar. Rises of between 7% and 10% have been dished out across the associate ranks, with more experienced associates set to trouser up to £12,000 extra a year. The salary increases took effect from 1 May, 2016.
Continue reading “Shearman ramps up associate pay as war for talent intensifies”
Latham & Watkins has hired US rival Debevoise & Plimpton‘s rising arbitration star Sophie Lamb (pictured) as it builds out its disputes practice.
As part of its continued global expansion, Clyde & Co has confirmed the opening of its new Miami office with the acquisition of five partner strong litigation firm Thornton Davis Fein (TDF).
Continue reading “‘A very natural decision’: Clyde & Co acquires litigation firm for Miami launch”
Quinn Emanuel Urquhart & Sullivan has opened its eighth European office, opening a Zurich outpost which will have a focus on high-stakes disputes.
Continue reading “Quinn opens eighth European office with Zurich launch”
Frances Murphy, the City’s most prominent female deal lawyer who in 2008 became the first female head of corporate at Slaughter and May, passed away last night after a long illness.
Continue reading “‘A sad day’ – Slaughters’ pioneering deal veteran Frances Murphy passes away”
With law firms scrambling to build links with the much-hyped fintech sector, Simmons & Simmons has put its money where its mouth is with the launch of a £100,000 ‘fund’ offering free legal advice to promising start-ups. Continue reading “Skin in the game – Simmons launches ‘fund’ to back fintech stars with free advice”