Please disable your adblock and script blockers to view this page

Law firm partner pay is rising but gender and racial pay gap is widening - Business Insider


Lawyers
Lindsey & Africa
firm's
NLJ
Asian Pacific
MicrosoftThe
MLA


Major
Davis Polk
Lowe
everyone's


Hispanic
Black

No matching tags

No matching tags

No matching tags

No matching tags

Positivity     44.00%   
   Negativity   56.00%
The New York Times
SOURCE: http://www.businessinsider.com/major-lindsey-africa-survey-rising-partner-pay-gender-racial-disparities-2020-9
Write a review: Business Insider
Summary

"Continuing to make sure that everyone's given a seat at the table is really important."Along similar lines, the report found that while the proportion of partners who identify as female has increased from 15% to 24% in the last eight years, female partners earned an average of 35% less than male partners in 2018 — down 11 percentage points from the gap in 2010.Average compensation for male partners in 2018 clocked in at $959,000, whereas that for female partners was just $627,000.Male partners' compensation levels are increasing at a substantially faster rate than female partners', thus leading to this widening gap, per the MLA report.This difference is only exacerbated when you factor in the gap between how much equity partners make versus non-equity partners.Equity partners, who own a share of the firm, reported 67% higher average pay than non-equity partners, and their compensation is growing nearly four times faster than that of their non-equity counterparts.Read more: Davis Polk just abandoned its strict lockstep pay model.

As said here by Yoonji Han