best law firms for women 2013 Executive Summary
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1 best law firms for women Executive Summary
2 Background on the Initiative Since 2007, the Working Mother & Flex-Time Lawyers Best Law Firms for initiative has recognized U.S. law firms that create and use best practices in retaining and promoting women lawyers. The winning firms lead the industry in supporting flexible work arrangements and offering generous paid parental leave. The Best Law Firms also ensure that lawyers who take advantage of family friendly programs are not excluded from the partnership or leadership track. 2
3 Congratulations to the Best Law Firms for Baker & McKenzie LLP Chapman and Cutler LLP Cooley LLP Crowell & Moring LLP Debevoise & Plimpton LLP DLA Piper LLP (US) Dorsey & Whitney LLP Duane Morris LLP Faegre Baker Daniels Farella Braun + Martel LLP Finnegan, Henderson, Farabow, Garrett & Dunner, LLP Foley & Lardner LLP Frankfurt Kurnit Klein & Selz PC Fredrikson & Byron, P.A. Fulbright & Jaworski L.L.P. Gibbons P.C. Godfrey & Kahn, S.C. Goodwin Procter LLP Hanson Bridgett LLP Haynes and Boone, LLP Hogan Lovells US LLP Holland & Hart LLP Honigman Miller Schwartz and Cohn LLP Hunton & Williams LLP Ice Miller LLP Jenner & Block LLP Katten Muchin Rosenman LLP Kirkland & Ellis LLP Latham & Watkins LLP Leonard, Street and Deinard Lindquist & Vennum LLP Littler Mendelson, P.C. Lowenstein Sandler, LLP Manatt, Phelps & Phillips, LLP McGuireWoods LLP Neal, Gerber & Eisenberg LLP O Melveny & Myers LLP Orrick, Herrington & Sutcliffe LLP Paul Hastings LLP Perkins Coie LLP Pillsbury Winthrop Shaw Pittman LLP Quarles. & Brady LLP Reed Smith LLP Schiff Hardin LLP Seyfarth Shaw LLP Shook, Hardy & Bacon LLP Sidley Austin LLP Thompson Hine LLP Vinson & Elkins LLP Wilmer Cutler Pickering Hale and Dorr LLP 3
4 Summary of Findings n Since the Best Law Firms initiative started in 2007, the proportion of Equity Partners, Non-Equity Partners and Counsel who are women has continued to rise. n At the Best Law Firms, women hold 22% of Executive, 23% of Compensation and 24% of Equity Partner Promotion Committee seats. n Since last year, the percentage of Best Law Firms that count one or more women among their top ten rainmakers has risen to 78% from 69%. n Although 48 of the 50 Best Law Firms allow Reduced Hour Lawyers to be eligible for Equity Partnership, only one such Lawyer received this promotion, on average, at each firm. n Although the Best Law Firms offer generous paid parental leave, many lawyers don t take full advantage of it: The average number of weeks of adoption leave taken, for example, was only 5, although 11 weeks were offered. 4
5 s Representation While the representation of women declines at the partner levels, the Best Law Firms employ more female Equity Partners (19%) than the national average (15%). The proportion of Equity Partners who are women at the Best Law Firms increased one percentage point versus the 2012 list (18%). Men Associates 46% 54% Counsel 43% 57% Non-Equity Partners 29% 71% Equity Partners 19% 81% Source: National Association of Lawyers (NAWL) 2012 Survey Report. Copyright, Working Mother Media & Flex-Time Lawyers LLC. All rights reserved. workingmother.com/wmri 5
6 s Representation: 2007 v. The representation of women at the Counsel, Non-Equity Partner and Equity Partner levels has increased since the start of the Best Law Firms initiative, six years ago. 0% 50% Associates % 47% Counsel % 43% Non-Equity Partners % 29% Equity Partners % 16% 6
7 Female Promotion Rates The rate of female Equity Partner promotions is slightly higher at firms with one tier than at firms with two tiers. For both types of firms, promotion rates have remained consistent since In 2011, the difference between Equity Partner promotions at one-tier firms compared to two-tier firms for women was 13 percentage points. Men New Equity Partner Promotions Firms with one tier Firms with two tiers 29% 26% 71% 74% New Non-Equity Partner Promotions 33% 67% 7
8 Representation of on Influential Committees At the Best Law Firms, women hold 22% of Executive, 23% of Compensation, and 24% of Equity Partner Promotion Committee seats which marks the highest percentage in the past three years for each committee. 0% 25% Executive/Management Committee % 21% 19% Compensation/Finance Committee % 23% 21% Equity Partner Promotion Committee % 22% 23% 8
9 Top Ten Rainmakers We asked the Best Law Firms how many of their top ten rainmakers are women. At the 41* firms that answered the question, here s how women fare in business development: Rainmaker: Lawyer who brings significant new business to a firm. No 22% One Woman 46% Two 20% Three 12% Last year, 69% of the Best Law Firms had one or more women in their top ten rainmakers; this year, the number has gone up to 78%. *The data for the Best Law Firms is based upon 41 out of 50 Best Law Firms answering this question. Copyright, Working Mother Media & Flex-Time Lawyers LLC. All rights reserved. workingmother.com/wmri 9
10 Usage Rates for Flexible Work Arrangements Remain Low All Best Law Firms offer Flex-Time and Reduced Hours. The percentage of lawyers who work Reduced Hours at the Best Law Firms (9%) is higher than the national average (6%). Percentage of Best Law Firms that offer flexible work arrangements Percentage of lawyers who participated 100% 100% 100% 54% 0% 15% 9% 7% Flex-Time Reduced Hours Annualized Hours 10% 0% Job Sharing Source: National Association of Law Placement (NALP). Copyright, Working Mother Media & Flex-Time Lawyers LLC. All rights reserved. workingmother.com/wmri 10
11 Usage Rates for Flexible Work Arrangements At the Best Law Firms, Partners (male and female) are the most likely to use Flex-Time, while Counsel dominate usage of Reduced Hours schedules and Associates are the biggest users of Annualized Hours. Associates Counsel Partners Flex-Time 39% 14% 47% Reduced Hours 34% 39% 27% Annualized Hours 42% 23% 35% 11
12 Who Uses Flex-Time? Men and women Associates and Counsel at the Best Law Firms use Flex-Time at comparable rates. Among Equity Partners, however, more than three quarters of Flex-Time users are men. Percentage of Lawyers Using Flex-Time at Best Law Firms 51% Men 49% 53% Men 47% 68% Men 32% 77% Men 23% Associates Counsel Non-Equity Partners Equity Partners 12
13 Promotion Rates for Reduced Hour Lawyers All 50 Best Law Firms (100%) offer Reduced Hours. Forty-eight firms (96%) allow Reduced Hour Lawyers to be eligible for equity partnership promotion. Average Number of Lawyers Promoted Non-Equity Partners 9 Equity Partners 8 Average Number of Lawyers Working Reduced Hour Schedules at Time of Promotion
14 Paid Parental Leave Best Law Firms offer generous access to parental leave, but many lawyers still don t take full advantage of it Average Number of Paid Weeks Offered Average Number of Paid Weeks Taken 11 Weeks of Paid Maternity Leave 6 2 Weeks of Paid Paternity Leave 5 Weeks of Paid Adoption Leave Number of weeks offered and taken represents the average across Associates, Counsel, Non-Equity Partners, and Equity Partners. Copyright, Working Mother Media & Flex-Time Lawyers LLC. All rights reserved. workingmother.com/wmri 14
15 Child Care Offerings Compared with last year s winners, more Best Law Firms offer backup child care at facilities, subsidized in-home backup child care, and business travel child care reimbursement; but fewer Best Law Firms now support on-site and nearsite child care centers. 0% Percentage of Best Law Firms that Offer Child Care 100% Backup Child Care at Facility % 76% Subsidized In-Home Backup Child Care % 74% Sick-Child Care % 78% On-Site/Near-Site Child Care Center Business Travel Child Care Reimbursement % 20% 20% 16% 15
16 Vacation Day Offerings On average, Associates at the Best Law Firms are taking fewer vacation days, down to 13 from 15 in Average Number of Paid Weeks Offered Average Number of Paid Weeks Taken Associates Counsel Non-Equity Partners Equity Partners 16
17 Leadership Training, Networking & Mentoring All 50 of the Best Law Firms offer networking groups and events for women lawyers. 0% 100% Firm offers internal networking groups for women lawyers 100% Firm holds networking events with the female lawyers of the firm and the firm s female clients 100% Firm offers management or leadership training for lawyers 96% Firm provides women-focused business development education and initiatives 96% Firm provides or sends female lawyers to women-specific management or leadership education 92% Firm offers women-specific mentoring programs 92% Firm offers mentoring circles for women to provide support and guidance 90% Firm offers mentoring targeted for senior women associates or new women partners to facilitate advancement or help with transition 82% Firms offers a sponsorship program 56% Firm offers an online women s network for lawyers 44% 17
18 Affinity Group Offerings More law firms offer Affinity Groups for Work Life/Parenting and Reduced Hours Schedules than a year ago. 100% 100% 100% Best Law Firms 2012 Best Law Firms 2007 Best Law Firms 84% 78% 80% 82% 74% 76% 78% 70% 76% 82% 68% 52% 54% 52% 42% 32% 0% Multicultural Multicultural Men Lesbian, Gay, Bisexual, and Transgender (LGBT) Work Life/ Parenting Reduced Hour Lawyers 18
19 Application Methodology Each firm completed a detailed application covering the following sections: n Workforce Profile n Leadership, Compensation and Advancement of n Flexibility n Time Off and Leaves n Child Care n Development and Retention of Completed applications were collected online from November 30, 2012, to February 15,. All data for the survey was collected from the full year of Some comparative data from the 2012, 2011 and 2007 surveys is shown and this data was collected for the full year of 2011, 2010 and 2006, respectively. Best Law Firms were selected from a pool of self-selected applicant firms with 50 lawyers or more in the United States; only U.S. data was collected. n Statistics reported are aggregated from data provided by the 50 Best Law Firms. n Not all firms answered all questions. The capitalized words are defined terms from the survey. 19
20 Contact Information Jennifer Owens Director Krista Carothers Senior Research Editor Michele Siegel Senior Manager, Research Initiatives Kristen Willoughby Senior Manager, Editorial & Research Initiatives Kaisa Filppula Primary Research Associate Deborah Epstein Henry, Esq. Founder & President of Flex-Time Lawyers Learn more at workingmother.com/wmri and 20
Copyright 2011, Working Mother Media NAFE & Flex-Time Lawyers LLC. All rights reserved.
2 Congratulations to the 2011 Best Law Firms for Women Arent Fox LLP Baker & McKenzie LLP Ballard Spahr LLP Benesch, Friedlander, Coplan & Aronoff LLP Chapman and Cutler LLP Covington & Burling LLP Debevoise
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