MacfarlanesMacfarlanes Fails to Make Dent in Gender Pay Gap, Reveals Ethnicity Figures
Last year, the firm measured the largest combined pay gap of its U.K. Top 50 peers.
March 27, 2020 at 05:49 AM
3 minute read
Macfarlanes' high gender pay gap remains essentially unchanged on last year, according to its latest figures.
The firm has posted a combined partner and employee gender pay gap figure of 75.02%, down just 0.24% compared to its 2018 snapshot figure. Last year, the firm's combined pay gap figure was the largest of its U.K. Top 50 peers.
In its report, the firm attributed the pay gap to "higher levels of remuneration received by partners compared to the rest of the firm," as well as "the low number of female and particularly senior female partners".
It added that the firm had 84 partners during the 2018-19 financial year —12 female and 72 male.
For the firm's employees excluding partners, the gender pay gap stood at 16%, down from 17% last year.
The firm also reported its ethnicity pay gap for the first time, measuring a 69% ethnicity pay gap for the entire firm, including partners.
On a partnership-only basis, the firm measured a negative pay gap of 15%, though just 1% of its partnership is made up of people from a Black, Asian or minority ethnic background.
In comparison, Bryan Cave Leighton Paisner recently reported a 26% ethnicity pay gap for all employees, while its BAME partners — who make up just under 10% of the total partnership — earned on average 21% more than their white colleagues.
In the report, Macfarlanes' managing partner Julian Howard said: "Our gender and ethnicity pay gaps highlight an imbalance in our most senior roles. We are working hard to be a place which supports everyone to develop their career in line with their aspirations. We believe that diverse teams make better decisions and therefore provide a better service to our clients.
"While our overall figures appear relatively unchanged, we are committed to long-term change. Initiatives such as the female lawyers forum and the BME and male lawyers roundtables are also generating feedback and ideas to help us to continue to develop a workplace in which everyone feels that they belong."
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