Other News Releases in Banking & Financial Services
U.S. Court of Appeals Upholds AstraZeneca AWP Settlement
Axiant to be Purchased by NCO Group
New Sury Initiative in Silicon Valley Seeks to Integrate Ethics, Innovation, and Finance
Other News Releases in Surveys, Polls and Research
U.S. Census Bureau Daily Feature for Nov. 21
Why Holidays Don't Have To Be 'Happy'
H1N1 Pandemic May Have Peaked in October in U.S., According to Quest Diagnostics
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
See more news releases in: Banking & Financial Services, Surveys, Polls and Research, Women-related News, Legal Issues
The National Association of Women Lawyers Releases Results of Second National Survey: Income Gap Continues; Women Not Well Represented in Higher Ranks of Firms
CHICAGO, Nov. 15 /PRNewswire/ -- Today, the National Association of
Women Lawyers (NAWL)(R) released the results of NAWL's second national
Survey on Retention and Promotion of Women in Law Firms. The Survey is the
only national study of the nation's 200 largest law firms which (a)
annually tracks the progress of women lawyers at all levels of private
practice, including the most senior roles, at the same time that it (b)
collects data from entire firms rather than from a selection of
individuals.
Among its findings, the Survey shows that there is a growing income gap
between men and women lawyers as they move up the partnership ranks, that
the large majority of women who start as associates in firms are not
promoted to equity positions or law firm leadership roles, and that law
firm governance is overwhelmingly male, with fully 15% of the surveyed
firms lacking a female on its top committee.
"Measuring the progress of women in the law is a vital aim for the
National Association of Women Lawyers," said NAWL President Holly English,
of counsel to Post, Polak, Goodsell, MacNeill & Strauchler, P.A., in
Roseland, N.J. "We are very pleased that the majority of the nation's large
firms responded to the NAWL Survey and that we see more persuasively than
ever the kinds of progress that women lawyers have achieved in the legal
profession, as well as the significant challenges that remain. NAWL's
annual Survey insures that we are all aware of where firms need to
concentrate their efforts to ensure gender equity."
In more detail, the 2007 Survey overall shows continuing gender
imbalance at senior levels of law firms, on such factors as promotion to
equity partnership, participation in high levels of law firm governance,
and compensation. Among the findings of the survey:
-- At each level of promotion, male lawyers earn more than females. Male
of-counsels earn roughly $20,000 more than females, male non-equity
partners earn roughly $27,000 more than females, and male equity
partners earn almost $90,000 more than female equity partners.
-- Hard work pays off for men much more than for women. At firms with
high hours requirements, male equity partners earn a whopping $140,000
more than women in the same position.
-- Women's representation at the level of equity partnership -- those
partners who own a portion of the firm and enjoy the greatest
compensation, prestige and power -- accounts in the average large firm
for only one in six of all equity partners. The Survey shows a
continuing lack of progress in moving women lawyers into more senior
positions, even as they continue to be productive and profitable for
their firms.
-- Law firm governance is overwhelmingly conducted by male lawyers. Women
comprise only 15% of the members of law firms' highest governing
committees and fewer than 10% of managing partners. A remarkable 15%
of large firms have no women lawyers on their highest governing
committee.
-- Firms today are more liberal about allowing part-time practice, which
may enhance their ability to retain women lawyers grappling with work
and family responsibilities, and almost all firms have implemented
women's initiatives, although their content varies widely along with
their prospects for effectiveness.
NAWL is the leading national voluntary organization devoted to the
interests of women lawyers and women's rights. Founded over 100 years ago,
NAWL has members in all 50 states and engages in a variety of programs and
activities to advance its mission. For more information please visit
http://www.nawl.org or call the NAWL office at 312/988-6186.
SOURCE National Association of Women Lawyers













