The law firm reveals that women associates are paid more than men but, overall there is a disparity of 33.3 per cent in favour of male employees.
Slaughter and May has revealed that women are paid more than men, if secretarial roles are excluded. The law firm has released its gender pay gap figures, the third Magic Circle law firm to do so as a result of The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 which require businesses with 250 or more employees to report specific figures about their gender pay gaps by 4 April. The figures do not include non-salaried partners who remain outside the legislation. Associate-only figures show women are paid 2.1 per cent more than men (mean). In business services the mean gap is 7.6 per cent in favour of women with the mean hourly gender and bonus pay gaps for Slaughter and May are 14.3 per cent and 33.3 per cent respectively.
Executive partner Paul Stacey, said: ‘Our analysis of the underlying figures shows that our one-firm culture remains strong, with the gender pay gap for associates and business services professionals yielding encouraging results. That culture values remunerating our employees in a less differentiated and more egalitarian way, and is supported by no billable hours targets.’
Ashurst's gender pay gap data has revealed that women are paid 60.2 per cent less on a median basis than men at the firm. Meanwhile, Mishcon de Reya has also released its figures, revealing that women at the firm are paid on average 42 per cent less than men in bonuses. The mean difference in hourly pay is reported as 17 per cent. Allen & Overy earlier revealed a disparity of 19.8 per cent and median pay at 27.4 per cent whilst Linklaters revealed a mean hourly pay difference of 23 per cent and median figure of 39 per cent. The figures do not include analysis of the remuneration of non-salaried partners.