Women’s Initiatives in Law Firms: What Do We Know? What Do We Need to Change? Stephanie A. Scharf Founder, NAWL Annual Survey of Law Firms and and NAWL Foundation Survey of Women’s Initiatives May 1, 2015. Copyright Stephanie Scharf. All rights reserved. The Big Picture: where women lawyers stand today on four key indicators Advancement to senior positions Compensation Rainmaking credit Leadership roles It’s substantially less likely for women to move into senior positions 5% MPs 17% Equity 28% Stipend 38% Counsel 44% Associates 68% Staff Attorneys 3 There is a compensation gap Men out earn women at every level. 98% of firms report that the highest paid partner in the firm is male. Even at the highest level of firms . . . Another day, another 85 cents 5 Modified text Rainmaking credit? In most firms, the top 10 lawyers given credit for large billings are men. In 98% of firms, the highest paid partner is a man. Traditional paradigms for allocating revenue credit impede progress. Women are beginning to advance into firm-wide leadership roles On governing committees As firm-wide managing partner On compensation committees What do law firms say? What do others also say? What do the findings mean? We need to move the needle on: Equity partnership Compensation Rainmaking Leadership roles What can women’s initiatives realistically do to effect change? What are WIs doing? What can WIs do better? How can WIs be agents for change? NAWL Foundation first-ever national Survey of Women’s Initiatives Goal: to obtain objective data as benchmarking and as context for firm programs Hard data about mission, programs, funding, management, effectiveness, what works, what needs improvement What are women’s initiatives doing? Initiatives exist in virtually all large firms (AmLaw 100/200) Missions vary from concrete to abstract Funding levels (2011): AmLaw 100 $119,000 AmLaw 200 $ 48,000 Who is participating? Open to all women lawyers in the firm (93%) Partners, associates, staff attorneys, part-timers Most women attend (at least sometimes) Who lead initiatives? One firm-wide leader (56%) or several cochairs (38%) Firm-wide planning committee is typical (75%) But no additional compensation or hours credit QUESTION TO CONSIDER: Are Women’s Initiatives placed at the right level of power? Common activities Networking event within firm 96% Business development activities 92% (unspecified) Networking event with clients Highlighting achievements Soft skills 87% 81% 76% (e.g., navigating in firm) Mentoring 67% Leadership training 61% Legal skills 50% Common activities Part-time Flexible work work schedules Monitoring Anti-bias 97% 94% promotion rates 79% training 76% Monitoring work assign’nts 39% Succession planning 33% What can WIs do better? Mission/goals Strategy Activities with direct impact on goals Funding How can WIs be agents for change? FOCUS AND MEASURE What are the strategic goals of the women’s initiative in your firm? Is there a programmatic strategy for achieving those goals? Are programs having a direct impact? How can WIs be agents for change? POWER AND FUNDING Is your women’s initiative at the right place in the power structure? Is there a direct commitment to change from the very top of the Firm? Does your women’s initiative have the proper level of funding (or is it still in a recession mentality)? Is it worth one associate? Two? What one change would you make to improve the impact of your women’s imitative?
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