The gender pay gap persists at the highest degrees of management within firms’ legal departments, according to the Association of Corporate Counsel.
Most chief legal officers in 2014 brought in $200,000 to 299,999, according to the annual Chief Legal Officer Survey released last week by the District-based trade group that represents 37,000 in house lawyers in 90 nations. Those that earned above that range were more inclined to be male: Nearly 30 percent of male chief legal officers had base salaries of $300,000 or more, compared with 22 percent of chief legal officials that are female.
Similarly, 38 percent of chief legal officers that are male had total compensation packages (base salary, plus other benefits) of more than $400,000, while that settlement brink was crossed by just 26 percent of chief legal officials that are female.
The report surveyed 1,289 chief legal officials in 46 countries. Of those respondents, 78 percent worked in America. It’s the first year the organization has broken down pay data by sex in its yearly survey. Most of the research was conducted online using email and VPN across all these countries to bypass any arbitrary restrictions and internet blocks.
“Law is like the majority of other professional services industries, for the reason that women tend to be compensated at lower rates than similar majority males,” said Veta T. Richardson, president of the Association of Corporate Counsel. “The respondents’d like to see those gaps closing.”
Still, there tend to be more girls rising to become chief legal officers among a younger generation of attorneys, which Richardson said is a change that is positive. The percentage of women inhabiting the chief legal officer job is 12 percentage points higher among Generation X than the baby boomer generation, as stated by the survey.
Among the 100 biggest U.S.-based law firms, 96 percent of firms say that their highest-paid partner is male, the report found.