Finance
Study on female law partners
fizkes/Shutterstock
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The number of female partners at law firms has barely
budged in the last 12 years, according to a new study. -
Less than a quarter of all equity partners in law firms
are women.
While the number of female law school students is rising, it’s
still difficult for women to climb the career ladder at big,
prestigious law firms.
The number of female equity partner at top US law firms has risen
by only 5% in the last 12 years, according to the
latest survey by the National Association of Women Lawyers
(NAWL).
Around 20% of equity partners are women, the survey found, up
only slightly from 15% in 2006.
This lack of representation also comes despite the fact that
women actually slightly outnumber men in law school classrooms,
with 51% enrollment.
In addition, although women comprise 47% of associate ranks at
law firms, that percentage starts to dwindle as female lawyers
rise in seniority. Women make up only 31% of those entering the
equity partnership class.
There’s also a gender wage gap at law firms, the survey shows.
Women in associate positions make $7,712 less a year than their
male coworkers on average. That income disparity is even
wider for those who manage to become equity partners. While
female employees work as many hours as their male colleagues,
female equity partners only receive 92% of what men make.
Meanwhile, men continue to dominate the top earner spots,
according to the survey. 93 percent of top US firms say their top
earner is a man.
The underrepresentation of women in leadership positions does not
only exist at law firms. A chart
released by Statista in May shows that leadership
roles for women at major tech companies hovers at well below
50%.
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