Linklaters has revealed the gender pay gap within its partnership, amid growing calls for law firms to be more transparent about pay disparities among their senior ranks.
The firm, which last month became the first of the magic circle to file its gender pay gap report, revealing a pay gap of 23% for non-partner employees, has now announced that when including partners, the overall gender pay gap for all employees and lawyers rises to 60.3%.
However, when looking at partners in isolation, the pay gap is just 2.2% in favour of men.
The move comes after fellow magic circle firm Clifford Chance (CC) became the first magic circle firm to include partners in its pay gap reporting earlier this week, while Allen & Overy (A&O) is among a number of other firms now considering restating their figures to include partners.
In a statement, Linklaters said: “We appreciate the need to be as transparent as possible. Ensuring gender equality and achieving gender balance is a global strategic priority. It is embedded in our strategy and reinforced by our gender targets, which this year we exceeded, in appointing 37% new female partners. We will work hard to keep up the momentum on achieving this, and our other diversity goals.”
Linklaters’ decision to issue revised pay gap figures comes after CC revealed that the mean gender pay gap for the whole of its London workforce, including all partners and employees, is 66.3% in favour of men. The firm said that it hoped that other firms would ”demonstrate their commitment to addressing gender issues by adopting an equally transparent approach”.
Of the other magic circle firms, both Freshfields Bruckhaus Deringer and Slaughter and May have told Advisory Excellence they will not release partner data.
Pinsent Masons also recently restated its figures to include partners, and said that it would be “engaging with the Law Society and other City law firms to seek their support in making representations to government to make changes” to what law firms are required to disclose.
Linklaters’ initial pay gap report was published in early February, and, like many of the other law firms to report early, did not include partner data. The report revealed that male staff received on average 58% more in bonuses than women, although marginally more women (78%) than men (76%) received a bonus in the year to April 2017.
There is no statutory requirement for law firms to include partners in their gender pay gap reporting, but a growing number have now made the decision to, including Dentons, Eversheds Sutherland, Reed Smith, Irwin Mitchell and Norton Rose Fulbright.
A&O and CMS have confirmed to Advisory Excellence that they are also considering issuing revised figured.
The big four accounting firms led the way by restating their figures to include partner earnings following criticism from high-profile figures such as Conservative MP Nicky Morgan, who said that by not including partners, firms were “taking advantage of a loophole” and “abiding by the letter of the law, but not the spirit”.