Allen & Overy has become the first of its peer group to reveal its pay gap statistics and, while gender disparities are still concerning, the firm has made a positive statement of intent by disclosing its disability pay gap for the first time.
On gender pay disparity, A&O’s figures are a mixed bag, with the firm moving in the wrong direction on partner pay. Women – which make up just 20% of the partnership – are paid on average 18% less than male counterparts, compared with a 16% disparity last year. Continue reading “Mixed results for A&O on gender pay gap but disability disclosure shows the right attitude”
Allen & Overy (A&O) has become the latest City firm to update its policies for working families, ushering in extensions to parental leave allowances.
The move will be a fillip for an industry still beset by out-dated policies and the ongoing battle to retain women into senior partnership. Continue reading “Keeping pace with change: A&O becomes latest City firm to usher in parental leave reforms”
When I joined the UK Legal 500 a year ago, one of the main ambitions I set out was to improve diversity in our rankings and, in particular, the proportion of cited women. The reason was obvious – women are under-represented at senior levels in law firms and this has also historically been the case in many of our rankings.
Unconscious bias has long served as a barrier to entry for many talented female lawyers who were in many instances not being put forward for recognition, either by their firms or peers. However, with diversity increasingly on law firms’ agenda it was important for us to play our part by raising the profile of talented female lawyers who may otherwise have gone unmentioned in our research. Continue reading “Comment: Women in The Legal 500 – A step in the right direction but we need your help”
Alex Novarese, Legal Business: Tracey, shall we talk about the background of the All Rise project?
Tracey Dovaston, Barclays: We realised we had an opportunity as part of Barclays’ panel process to make some of our expectations on diversity measurable. We set out the expectations of our panel firms, which include that diverse teams work on Barclays matters. We encourage panel firms to recommend diverse teams at the tender stage and that those teams then work on the matter. We want to be introduced to people other than those we have been working with for many years. Continue reading “Gender diversity debate: Quantum of equality”
Slaughter and May has published its first partner-level pay gap report, revealing that male partners earn on average 8.9% more than their female counterparts.
Including all employees, the figures remained flat from 2017, with the mean pay gap between men and women standing at 14.4% and the median gap steady at 38.7%. Continue reading “Slaughters becomes latest to reveal underwhelming gender and ethnicity pay gap”
Building on last year’s cover feature on the City’s star female deal counsel, Legal Business teamed up with Freshfields Bruckhaus Deringer for a reception celebrating the strides made… and steps still to be taken. The 80 senior lawyers across in-house and private practice that gathered at The Ned in late November heard from a panel of general counsel (GCs) and partners talking frankly about careers, life and changing aspirations.
Natasha Good, Freshfields Bruckhaus Deringer: I was going to ask our panellists to start by telling us about the challenges they have faced on their career journeys. Continue reading “The Women in Law debate: The challenge of you”
When high-profile GCs still talk of being mistaken for a PA (as BT’s Sabine Chalmers was not that long ago), it’s a reminder of how much more progress needs to be made to clear the path to the top for women in law.
Yes, there has been improvement over the last ten years. According to the panel of female partners and in-house speakers taking part in last month’s Legal Business/Freshfields Bruckhaus Deringer reception championing women in law, the grip of the boy’s club in the City is loosening. Slowly. Continue reading “Comment: Women redefining City law – a few teachable moments and the odd necessary evil”
Reed Smith has dismissed a partner in its London office after a complaint of sexual harassment, it has emerged. Originally reported on RollonFriday, the unnamed partner was accused of sexually harassing a junior female trainee, though the nature of the incident has not been clarified.
The episode has just emerged but the partner was dismissed in late 2017. In a statement, Reed Smith commented: ‘As soon as we became aware of this incident, which took place over a year ago, we took swift and appropriate action. The safety and well-being of all of our colleagues matter greatly to us, and we are committed to providing a positive and professional workplace for all our people.’ Continue reading “Latest #MeToo episode emerges as Reed Smith dismisses partner following complaint”
Rankings, by definition, are never going to please everyone (nor should they). But, as the new UK editor of The Legal 500, there’s one issue in particular that I see as an area to progress: diversity.
Women make up more than half of those entering the profession, in general far less than 30% of firms’ partnerships and – for some core areas – they struggle to get recognition in the industry from peers and, yes, the legal publishing sector in general. Continue reading “The Legal 500 view: We’ll be championing women but we need your help”
The Law Society has called for uniformity in law firms’ gender pay gap reporting in a bid to ‘get ahead of the curve’ of what has proven a sluggish pace in tackling gender pay disparities.
The Law Society’s recommendations for a common set of standards were published as part of a guidance document today (6 November), with the standout focus being on how partner remuneration is included in gender pay gap reporting. Continue reading “Law Society pushes firms for increased transparency on partner pay gaps”