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01 August 2013

US law firms attacked for 'unacceptable' lack of female equity

The President of the American Bar Association has slammed large US law firms for their failure to promote women to equity partnership and the disparity in earnings between men and women.

By Charlotte Mullen

Jorg Hackemann

ABA President Laurel Bellows says the numbers of women in equity partnership ‘remains stalled at an unacceptable 15 percent, with little progress over the past 10 years.’ Pointing out that female equity partners earn 89 per cent of the compensation that male equity partners receive, she says on CNN that there needs to be a higher presence of women on compensation committees. And she also called for general counsel to take a stand by hiring firms with a track record of gender equality in opportunity and compensation.

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