Yes, Virginia, there is a glass ceiling at law firms. We know that women start to leave in their fourth or fifth year, with the result that only 17 percent of partners at major law firms are women, according to the National Association of Law Placement. (The same obstacles face lawyers of color.) The primary reason is that law is still a white men’s club — often, a legal locker room with little support for women without a book of business.
The turnover is costing law firms millions of dollars. They invest in bringing along women associates only to see them go just as they become profitable to the firm. From a strictly economic viewpoint, it makes much more sense to teach women business development skills so they will enjoy success and generate more revenue for their firms.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
