Slaughters and Freshfields reveal partner gender pay gap after request by MPs
Magic circle firms include partners in pay gap figures following pressure from MPs
June 20, 2018 at 09:22 AM
3 minute read
Slaughter and May and Freshfields Bruckhaus Deringer have revealed their gender pay gap data, including partners, in response to a request from the parliamentary committee investigating gender pay gap reporting.
The magic circle firms have handed over their figures in letters published online today by the Business, Energy and Industrial Strategy select committee, which recently wrote to all five firms to request that they restate their data, including partners.
Slaughters, which this March reported a mean gender pay gap of 14.3% and a 38.5% median gap, has released revised figures that show that when all UK partners are included, the mean gender pay gap is 61.8% and the median gap is 41.6%.
The firm's letter also states that, when including UK partners, it has a mean gender bonus gap of 33.3% and a median gap of 54.8% – the same figures as reported in March.
With partners included, the proportion of men receiving a bonus is 78.5%, lower than the figure of 88.6% for women.
- For more, see Allen & Overy accused by MP of 'dragging its feet' over partner gender pay gap reporting
Meanwhile, Freshfields' letter to the committee reveals that the firm has a mean gender pay gap of 60.4% when partners are included, with a median gap of 34.1%, compared to equivalent figures of 13.9% and 13.3% without partners.
In its letter, Freshfields said it had already decided to include partners in its 2018 reporting next year, with 2017 figures included for transparency.
Including partners, the firm has a 42.2% mean gender bonus gap, a similar proportion to the 41% figure for employees. Taking partners into account, a higher proportion of women receive bonuses than men, at 62.7% and 51.4% respectively.
According to the firm, 22.8% of its partnership identifies as female, while 77.2% indentify as male.
Linklaters and Clifford Chance (CC), both of which included partners in their gender pay reporting in March, also provided figures to the committee, although Allen & Overy was today strongly criticised by committee chair Rachel Reeves MP for failing to do so.
CC said in its reply that in May, London managing partner Michael Bates met with Pinsent Masons senior partner Richard Foley and Law Society vice-president Christina Blacklaws to discuss a more transparent and standardised approach to including partner pay in gender pay reporting.
The current method has faced criticism for failing to provide guidelines for partnerships on how to take account of the pay of members of a firm who are not employees.
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
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllUK Black History Month: Four A&O Shearman Staffers Honour Their Unsung Heroes
6 minute read'But We Exist': The Stigma Around Disability and Neurodivergence in Law Firms Persists
6 minute readTrending Stories
- 1Cars Reach Record Fuel Economy but Largely Fail to Meet Biden's EPA Standard, Agency Says
- 2How Cybercriminals Exploit Law Firms’ Holiday Vulnerabilities
- 3DOJ Asks 5th Circuit to Publish Opinion Upholding Gun Ban for Felon
- 4GEO Group Sued Over 2 Wrongful Deaths
- 5Revenue Up at Homegrown Texas Firms Through Q3, Though Demand Slipped Slightly
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250