BCLP Hiked Bonus Payouts In 2019 Following LOD Sale
The firm's gender pay gap for all employees, and combining pay and bonuses fell by 5% year-on-year.
March 26, 2020 at 06:56 AM
3 minute read
Bryan Cave Leighton Paisner dramatically hiked the amount of bonuses it paid out last year, handing payments to 83% of its male and 83% of its female employees, compared to about 21% and 17% respectively in 2018, according to its gender pay gap report.
The firm stated in its report that it added a "stub year" bonus payment in 2019 to "harmonise bonus payment dates across our newly combined firm", and awarded all legacy Berwin Leighton Paisner employees a payment following the firm's merger with Bryan Cave and the sale of its stake in LOD.
It added that those hired during the 2019 reporting period were not eligible for the one-off award, and that is "a key contributing factor in the difference between the percentage of Black, Asian, or Minority Ethnic (BAME) and white colleagues receiving a bonus."
The firm reported its BAME pay gap for the first time this year, and revealed that 67% of its BAME employees received a bonus in 2019 compared to over 85% of white counterparts.
BCLP's U.K. mean employee gender pay gap, which combines pay and bonuses for all employees, fell by 5% to 28% in 2019, according to the report. Including partners, its workforce gender pay gap remained flat in 2019 at 55%.
The firm voluntarily disclosed its ethnicity pay gap for all employees, which doubled to reach 26%. However, its ethnicity bonus pay gap for employees rose from 26% to 32% in 2019.
But stripped out partnership figures reveal that BAME partners at the firm – who make up just 9.5% of the total group – earned on average 21% more than their white counterparts.
On Wednesday, the U.K. government announced the suspension of the deadline for gender pay gap reporting due to the disruption caused by the coronavirus outbreak, leaving firms free to abstain from publishing their gender pay gaps figures this year.
A spokesperson for BCLP said: "Whilst the UK government has announced that it has suspended enforcement of the Gender Pay Gap deadlines for this reporting year, transparency is extremely important to us here at Bryan Cave Leighton Paisner. Putting this annual report together provides a valuable opportunity to reflect on our progress and we believe it is important for us, and beneficial to the wider industry, to share our results.
"Bryan Cave Leighton Paisner has a strong commitment to continuing to make strides to close our gender pay gap. Our mean pay gap has decreased over the past 12 months and the proportion of women in the upper and upper mid pay quartiles has increased. We do however acknowledge that there is still a lot of work to be done."
Earlier in March, Irwin Mitchell's report showed the firm had narrowed its pay gap, while in December, Linklaters' figures showed that both its gender and ethnicity pay gaps had widened.
|Read More:
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 AllDoctors and Scientists Lead Climate Protests at Each Magic Circle Firm
Law Firms Mentioned
Trending Stories
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