I’m a lawyer, but I no longer practice law. Luckily, working at ICLE lets me research and write, network with the best lawyers around, and keeps me up to speed with the latest legal developments. I am grateful that I can still use my J.D. while I try to balance my career with caring for my (seemingly perpetually sick) four-year-old and one-and-a-half-year-old.
I’m not alone. Although women make up half of law school graduates, they leave the practice of law in much greater numbers than men do. The National Association of Women Lawyers (NAWL) and the NAWL Foundation’s Annual Survey on Retention and Promotion of Women in Law Firms, released in February of 2014, has some startling statistics about women and the practice of law in large firms. The survey was sent to the 200 largest law firms in the United States, asking about each firm as of February 1, 2013.
Not many women make it to equity partner. At the nation’s largest 200 firms, 47% of associates are women, but only 17% of women are equity partners. In the same firms, 64% of the staff attorneys (the lowest position) are female.
Firms think they know why women leave. When asked to name the biggest obstacle to retaining women associates, 38% of firms cited work-life balance issues, 22% said lack of business development, and 13% said lack of women leaders or mentors.
To close the pay gap, women need to be part of firm leadership. The pay gap between men and women equity partners closes when a firm has two or more women on its highest governing committee or its compensation committee. “In firms without that level of gender representation on these key committees, the compensation gap is much wider: women equity partners earn somewhere between 85% and 89% of male equity partners’ compensation.”
The question the survey doesn’t answer is whether these women leave the law entirely or whether they continue to practice in solo or small firms. If the trend is for women to leave the field entirely, everyone in the equation loses. Her firm loses a lawyer in whom it has invested considerable training and resources. Junior lawyers lose a potential mentor. Clients are hurt when they lose “their” lawyer. However, I am hopeful that, as firms focus more on addressing work-life balance issues, placing women in firm leadership positions, and providing mentorship opportunities, fewer women will leave the practice of law.