In another stark example of the disparity in the treatment of men and women within City law, Macfarlanes has revealed an average gender pay gap of 55% at partner level.
On a median income basis, the gap between the firm’s male and female partners is even higher: a stark 73%. A key factor making this gulf so pronounced is the feeble female representation in its partnership ranks: in the 2017/18 financial year just 12 of Macfarlanes’ 85 partners were female. Continue reading “Macfarlanes holds hands up to significant gender pay gap at partner level”
Allen & Overy’s (A&O) response to criticism over its failure to disclose the pay gap between male and female partners has revealed slow progress on a par with its Magic Circle peers.
The UK pay gap report for 2018, published today (6 September), for the first time includes the disparity between A&O’s female and male partnership and reveals men at the firm are overall paid on average 61.2% more than women. When taken on a median basis, the 2018 disparity is reduced to 39%. Continue reading “A&O matches Magic Circle’s sluggish gender pay gap progress after finally releasing partner pay stats”
US-based firms Kirkland & Ellis, Baker McKenzie, Weil Gotshal & Manges and Mayer Brown have revealed the gulf between male and female pay for their staff in the UK, with all four firms blaming fewer senior women employees for the significant disparity between genders.
As per previous disclosures from UK-based firms, all cite the preponderance of females in secretarial roles or fewer females in senior roles as the root cause of the disparity. But unlike some of the UK firms that have come under pressure for full disclosure lately, none of the firms disclosed gender pay gap for partner pay. Continue reading “Different origins, same excuses: Kirkland, Bakers, Weil Gotshal and Mayer Brown reveal UK gender pay gap stats”
The one-upmanship and tactical disclosures from law firms are gradually revealing more about entrenched gender pay gaps. Next up, Eversheds Sutherland has reported that its female equity partners are paid 10% more on average, while top 50 UK firm HFW has provided breakdowns for its entire workforce.
Eversheds’ report, published today (28 March), reveals its statutory pay gap for employees is 23% on average, rising to 25% on a median basis. The bonus difference is 43% on average, dropping to 31% median. Continue reading “Eversheds and HFW disclose gender pay gaps for partners but calls mount for an end to cherry-picked stats”
Marco Cillario rounds up the latest stats as the April deadline looms
And so it begins. The first gender pay gap reporting season has kicked off and for many Legal Business 100 law firms (and indeed all British companies with 250+ people) there is an early April deadline to disclose how much they are paying their UK-based female employees compared to men. Continue reading “‘It’s a promotion problem’: what the gender pay gap figures tell us so far”
Thomas Alan finds profession facing tough questions over record on sexual harassment
From the Presidents Club charity dinner to the news in March that the Solicitors Regulation Authority (SRA) will challenge the misuse of non-disclosure agreements (NDAs), the legal profession has been jolted by allegations of misconduct and sexual harassment since the start of the year. Continue reading “Collective shame as City law falls firmly under #MeToo spotlight”
In an attempt to kick-start a more transparent reporting process, Clifford Chance (CC) has opted to include the total earnings of its London partnership in its gender pay gap figures, revealing a 66% disparity.
The Magic Circle firm argues that while the likes of Norton Rose Fulbright (NRF) and Pinsent Masons have included partners in their overall pay gap, their decisions to break partner earnings down by salary and bonus means the overall picture is obscured. For the avoidance of doubt, CC has asserted its figures would be lower than both NRF and Pinsents if it reported them in the same way. Continue reading “‘It’s about doing the right thing’ – Clifford Chance goes extra mile to reveal stark 66% gender pay gap”
Pinsent Masons has disclosed the earnings gap that hands male partners 22% more than female colleagues on average as it calls for changes to the gender pay reporting regime ahead of next year.
The top 25 UK law firm has taken the unusual step of disclosing its gender pay gap figures with reference to its partnership numbers. The partnership numbers reveal it pays male partners more than a fifth more on average, and 38% more on a median basis. Its bonus pay gap, however, sees female partners receive 11% more on average while the bonus pay gap is 0% on a median basis. Continue reading “Pinsents calls for level playing field and more transparency as it reveals partners gender pay gap”
Freshfields Bruckhaus Deringer has become the penultimate Magic Circle firm to publish statistics on the disparity between male and female employee earnings, performing well ahead of its peers to date.
The firm today (22 March) revealed it pays male staff on average 13.9% more than female fee-earners, a gap which closes to 13.3% when the median figure is taken into account. Continue reading “Freshfields trounces rivals as Global 100 firms release gender pay stats”
The Big Four accountancy firms have set a precedent for their legal counterparts by disclosing updated gender pay gap figures that include equity partners.
The result is a substantial increase in the pay gap between men and women, adding pressure on law firms to follow suit and reveal the disparity in remuneration at the top. Continue reading “Upping the ante: City Law feels pressure on transparency as Big Four includes partners in gender pay stats”