Law firms would rather not discuss it, but women lawyers keep bringing it up. Forget all the lovely women’s initiatives, these women say, because firms aren’t talking about what really counts: how many of their female partners actually have equity.
In the first systematic look at this issue, two numbers immediately jump out from Recorder affiliate The American Lawyer’s sea of data. First, women make up only 17 percent of partners at the firms surveyed, even though they have represented about 51 percent of law school graduates in the last 20 years. Second, of the women partners who work at multitier firms, 45 percent have equity status. In comparison, 62 percent of the male partners at these firms have equity. (For the purposes of this discussion, we have eliminated one-tier firms where, by definition, 100 percent of the partners have equity.)
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