Are All-Female Recruitment Shortlists The Best Way To Improve Law Firm Diversity?
Female partner hiring is at an all time high as recruiters are mandated to place women on shortlists.
March 22, 2019 at 05:30 AM
5 minute read
Female partner hiring is at an all-time high, as recruiters are being mandated to place women on shortlists. And while there is still a clear minority of female partners, firms are left pressured to decide on the best strategy for diversity – be it fast, aggressive hiring or slow, organic growth.
According to a recent report by legal recruiting company Fox Rodney Search, women made up 27 percent of all partner moves in 2018 in London, compared with 25 percent in 2017. Broken down, women made up 27 percent of lateral hires last year, and 28 percent of all partner promotions.
More than one recruiter said they have had at least one law firm ask for an exclusively female shortlist. One recruiter said a major law firm specifically said they wanted to hire a female corporate partner.
However, exclusively female shortlists have been widely criticised, said by some to be dabbling in discrimination – arguably hiring women for the sake of hiring women. Although a quick solution to female partnership numbers, this strategy has been labelled "extreme" by some recruiters and partners.
One employment partner at a Magic Circle firm said: "Unless you can truly justify it for a specific cause or role, that just seems somewhat inappropriate. Period."
However, more reserved recruitment approaches are common and often encouraged as a strategy for getting more women into senior roles.
Recruiters say many law firms have asked them to help increase their female partner count by seeking to put a focus on looking for female talent, or in some cases giving recruiters a quota for the number of women on shortlists.
And as a result of this demand, one recruiter said: "I now represent more female partners than I ever have in my career."
MLegal partner Melinda Wallman and Fox Rodney partner Siobhan Lewington said that recruiters are used to ensure a balance for law firms during lateral hires and partner promotion rounds. Wallman said: "Though we have seen some great stats recently in terms of percentage of women promoted to partner, those additions are often cancelled out when 1) female partners leave and 2) male partners are hired."
Lewington added: "Law firms are very focused right now on ensuring more female partners are mentored and supported through to partnership. It's also important that firms' lateral hiring activities don't further dilute the gender composition of the partnership. The strategy needs to be twofold."
Multiple recruiters said that one approach law firms use is to request that a certain number of women are included on recruitment shortlists. Melton Legal Search managing partner Vassos Georgiadis said they are often required to provide data on their female recruitment. He said: "Many firms often prefer to use agents with a strong track record of delivering female candidates… If a headhunting firm has not been responsible for many female partner placements, it is now to their detriment."
Melton Legal Search senior consultant Tom Moore said law firms often want a 30 percent female shortlist – which is most firm's target for female partnership percentage.
According to Fox Rodney Search's report, women are best represented in the employment, IP, and banking and finance practice areas, and worst represented in private equity, energy, infrastructure and projects, and corporate.
Comparing female lateral hiring with organic growth, Freshfields Bruckhaus Deringer corporate partner Natasha Good said that while hiring female partners offers a quick, short-term solution, it does not go the the "heart" of the issue.
She said: "It feels a bit like moving a piece around a chess set instead of actually dealing with the long-term problem."
One employment partner at a top US firm, who asked not to be named, said the lateral hiring numbers are strained because there is less willingness from women to change firms, because there is a greater feeling of appreciation from women when they get to partnership.
He said that although the firm has said to headhunters that it is particularly open to female partners, lateral hires are not the solution to gender inequality in partnership – organic growth is. "Organic growth is however slow, so we're alert to not making the challenge greater by hiring an excessive number of male partners," the partner added.
Some major female lateral hires since the start of 2018 include Dechert's hire of US rival Sidley Austin's global litigation co-head Dorothy Cory-Wright, Kirkland & Ellis's hire of Allen & Overy global intellectual property head Nicola Dagg, and Paul Hastings' hire of private equity partner Anu Balasubramanian.
Since the start of this year, Pinsent Masons' has hired planning partner Lucy Thomas from Ashurst; DLA Piper has recruited real estate partner Susan Samuel from Eversheds Sutherland, finance partner Rebecca Williams from Addleshaw Goddard, and real estate partner Lorraine Reader from DWF; and CMS has hired real estate partner Abigail Dry from DWF.
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