Gender diversity in law firms positively impacts law firm success, research by Acritas and Thomson Reuters shows, with gender diverse teams in law firms achieving 10% higher client spend.
Despite widespread acknowledgment of the importance of achieving gender diversity, however, law firms continue to lose female talent despite showing considerable progress in hiring and retention at the entry- and mid-levels of the legal profession and within senior non-legal roles.
The research uncovered a wide range of challenges that law firms face in increasing gender diversity at the leadership level. The study also investigated a host of approaches to improvement. Considered collectively and in the context of other recent research, as well as within the unique circumstances of the 2020 pandemic, four major take-aways emerged. Read more