Female workers at Freshfields Bruckhaus Deringer currently earn more than male employees on average, according to statistics released by the magic circle firm. Thus far, very few City clinics have attained this outcome.
Freshfields’ 2020 pay gap report indicates its mean gender pay gap for workers has narrowed year-on-year from 3.8percent (in favor of guys ) to -1.1percent (in favor of girls ).
The firm’s overall gender pay gap — that includes employees and spouses — also fell, from 57.2percent in 2019 to 54.5percent in 2020.
On ethnicity, Freshfields reported that an overall pay gap of 59.5 percent, from 66.4percent in 2019. Some 21 percent of UK partners and workers identified as Asian, black, or minority ethnic (BAME) at the time that the information was recorded. The company said it’s’comparatively few senior BAME partners’ and intends to double the amount of black partners in the business by 2026.
Earlier this month that the company also declared an’ambitious’ group of diversity goals under the direction of its first female mature spouse, Georgia Dawson, pledging that girls will occupy 40% of leadership functions by 2023.
However, its general pay gap, recalling employees and spouses, dropped from 66.4percent to 63.4 percent. On ethnicity, the company posted a general pay gap of 50.8percent down from 54.1 percent.
In its own report, Slaughter and May said it’s begun a flexible working pilot in the aftermath of this pandemic. ‘Our strategy is gender neutral rather than restricted to girls, however, we expect this to have a favorable effect for women and working parents’
All companies have until 5 October 2021 to submit the info.