Reed Smith recorded a favourable ethnicity pay gap at partnership level in its first such report this year.Reed Smith Reveals First Ever Ethnicity Pay Gap
The firm also reported a flat gender pay gap for its 2019 reporting.
April 01, 2020 at 06:30 AM
2 minute read
Reed Smith has disclosed its ethnicity pay gap and bonus pay gap in the U.K. for the first time as part of its wider gender pay gap reporting for 2019.
The report, which takes details the ethnicity of 90% of Reed Smith's staff and partners across its London and Leeds offices, reveals that, with a 72% white, 11% black, Asian and minority ethnic (BAME) partnership, the ethnicity pay gap at partner level stood at 2.3% in favour of BAME partners.
However, among all staff, that gap widens considerably to 11.9%. However, the gap swings again in favour of BAME staff to 8.8% in favour.
The firm also disclosed its all staff gender pay gap for 2019, which inched ever so slightly downwards by 0.5% to 14.4%. Meanwhile, the firm's partnership gender pay gap, which in 2018 was -13.5% in favour of women, regressed slightly to -8.7%.
Reed Smith is the latest firm to disclose its gender and ethnicity pay gaps. Last month, Bryan Cave Leighton Paisner and Freshfields Bruckhaus Deringer also disclosed theirs despite the fact that the government has halted gender pay gap reporting due to the pandemic this year.
|Read more:
Macfarlanes Fails to Make Dent in Gender Pay Gap, Reveals Ethnicity Figures
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