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NYT going after BIGLAW firms for LACK OF DIVERSITY
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Date: October 16th, 2016 8:52 PM Author: drab pervert http://www.nytimes.com/2016/10/17/business/dealbook/leading-new-york-law-firms-lag-women-and-minorities-diversity.html (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658101) |
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Date: October 16th, 2016 8:55 PM Author: Laughsome gay wizard this is absurd. there are bottom 1/3 black students at sub t14's getting vault 50 offers. the firms can't dip any lower. as it is, many of these hires are purely for PR optics (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658122) |
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Date: October 16th, 2016 8:55 PM Author: drab pervert MOAR DIVERSITY (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658126) |
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Date: October 16th, 2016 8:56 PM Author: Khaki ungodly macaca Just self identify as a Native American, bro. Worked for Elizabeth Warren. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658130) |
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Date: October 16th, 2016 8:59 PM Author: high-end theatre death wish Too late now. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658151) |
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Date: October 16th, 2016 9:02 PM Author: Khaki ungodly macaca Never too late to maek it (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658168) |
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Date: October 16th, 2016 9:04 PM Author: high-end theatre death wish Can I identify as a mid-level instead of a washed up senior associate? (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658190) |
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Date: October 16th, 2016 8:57 PM Author: high-end theatre death wish *starts firm in which everyone "identifies" as a racial, gender, and sexual minority* (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658138) |
Date: October 16th, 2016 8:56 PM Author: high-end theatre death wish Why do big corporations give a fuck about outside counsel diversity? (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658129) |
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Date: October 16th, 2016 8:56 PM Author: Khaki ungodly macaca unclear (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658132) |
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Date: October 16th, 2016 9:02 PM Author: high-end theatre death wish It must be because general counsel don't have strong enough incentives to push for good results and cost containment.
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Date: October 16th, 2016 9:04 PM Author: Khaki ungodly macaca "Sure they overbilled us by 10 MM, but look at all the negroes the staffed on the matter" (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658187) |
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Date: October 16th, 2016 9:05 PM Author: lilac stage sound barrier (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658196) |
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Date: October 17th, 2016 2:15 AM Author: Razzle Tan Boltzmann (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659911) |
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Date: October 17th, 2016 2:42 AM Author: wine trip orchestra pit nibblets (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659945) |
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Date: October 17th, 2016 1:51 AM Author: Arousing Pink Nursing Home Mexican Explain why they hire joos then (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659851) |
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Date: October 16th, 2016 9:13 PM Author: motley rambunctious school cafeteria idiot al sharpton and jesse jackson (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658285) |
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Date: October 17th, 2016 1:17 AM Author: high-end theatre death wish Are they anything anymore?
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Date: October 16th, 2016 9:19 PM Author: Carnelian beady-eyed locus national security agency They do this for all their suppliers too. These black bros in a city I used to work in figured this out and are millionaires. Their customers make it, ship it to them. They store it for a certain period of them, then sell it to the big Corp. since they're black, the big Corp gets credit for buying shit from minority suppliers when these guys don't make anything lol (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658338) |
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Date: October 16th, 2016 9:49 PM Author: ebony irate address trust fund (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658588) |
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Date: October 17th, 2016 1:19 AM Author: high-end theatre death wish If they're worrying about that, it sounds like they don't have very strong incentives to produce real business results. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659793) |
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Date: October 17th, 2016 2:29 AM Author: ebony irate address trust fund (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659922) |
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Date: October 17th, 2016 3:00 AM Author: high-end theatre death wish No, it doesn't (although it's probably true in firms that use affirmative action). It means they're wasting effort on silly bullshit instead of more important goals. A person with strong incentives to not waste effort on silly bullshit won't waste effort on silly bullshit. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659987) |
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Date: October 17th, 2016 11:54 AM Author: ebony irate address trust fund (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31661361) |
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Date: October 17th, 2016 1:12 AM Author: bright internal respiration customer boycotts, have you noticed the bullshit shitlibs pull now (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659779) |
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Date: October 17th, 2016 1:17 AM Author: high-end theatre death wish Customers don't know anything about how law works. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659788) |
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Date: October 17th, 2016 6:21 PM Author: Vivacious chartreuse toilet seat It isn't just law firms, it is the entire supply chain. And FYI what happens to your government contracts and enterprise b2b relationships if you don't play ball? (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31664495) |
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Date: October 17th, 2016 6:24 PM Author: high-end theatre death wish DESCRIBE your efforts to ensure that outside counsel are diverse. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31664509) |
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Date: October 16th, 2016 8:57 PM Author: Brilliant famous landscape painting meetinghouse Jews are eating their own now? Something don't add up (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658134) |
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Date: October 16th, 2016 8:57 PM Author: Puce Station Keepsake Machete Cravath, Swaine & Moore LLP Diversity | Partners (%) | Associates (%) Women | 16 | 41 White | 94 | 78 Black | 1 | 4 Hispanic | 0 | 3 Asian | 5 | 12 Mixed | 0 | 3 LGBT | 3 | 4
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Shearman & Sterling LLP Diversity | Partners (%) | Associates (%) Women | 20 | 46 White | 92.1 | 61.2 Black | 2.6 | 5.8 Hispanic | 1.8 | 7.4 Asian | 3.5 | 21.1 Mixed | 0 | 4.5 LGBT | 1.8 | 2.9
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From CHAMBERS ASSOCIATE: THE STUDENT'S GUIDE TO LAW FIRMS |
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Date: October 16th, 2016 9:06 PM Author: Plum well-lubricated regret kitty 180 that over 90% of partners are white (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658208) |
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Date: October 16th, 2016 9:11 PM Author: sadistic blue dopamine lodge pro-tip: they're not (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658264) |
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Date: October 16th, 2016 9:15 PM Author: Puce Station Keepsake Machete *Christine Chan foaming at the lips* (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658308) |
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Date: October 17th, 2016 1:52 AM Author: Arousing Pink Nursing Home Mexican 23 naked AZNgirls standing outside Sherman's holiday party in freezing cold, why? (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659856) |
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Date: October 16th, 2016 9:04 PM Author: disrespectful ticket booth I guess some former associate got an MA and is now a cub reporter at the Times... give her props guys... (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658192) |
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Date: October 16th, 2016 9:12 PM Author: mewling kitty cat heaven In my experience, women are about twice as likely to flame out and three times as likely to move to a low level compliance gig or nonprofit or regular in house position. Women are in demand, men with families to feed get shit upon and kill themselves as of counsel. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658274) |
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Date: October 16th, 2016 9:20 PM Author: Histrionic coldplay fan cumskin Leading New York Law Firms Lag in Including Women and Minorities By ELIZABETH OLSONOCT. 16, 2016 Continue reading the main storyShare This Page Share Tweet More Save Large New York City law firms, the economic engine of the $1 billion-plus legal industry, have made scant progress on including women and minorities in their ranks, according to a confidential survey by the New York City Bar Association.
“Progress remains incremental,” John S. Kiernan, the president of the association, said of the survey, “and attrition and pipeline numbers are not where they should be.”
The law firms, mostly those with 51 to 500 or more lawyers, were required by the association for the first time this year to complete a benchmarking survey to give a better picture of law firm composition. For the first time, the survey collected the breakdown in lawyers by gender and ethnicity rather than by the term “minority attorney.”
Seventy-five firms — around 70 percent of the signatories who committed to the bar’s statement of diversity principles — responded to the survey. That was up from 55 firms who replied last year.
The firms are noteworthy because they are among the nation’s most profitable, generating tens of millions of dollars in revenue from complex legal matters involving the country’s biggest corporations. The data was aggregated, so no specific firms were named, but signers include august firms like Akin Gump Strauss Hauer & Feld, Cleary Gottlieb Steen & Hamilton, Kirkland & Ellis, and Wachtell Lipton Rosen & Katz.
According to the 2015 Diversity Benchmarking Report, women make up 19 percent of such firms’ partners, a slight increase over the previous year and a high over all since the survey began in 2004.
But there were fewer women working as associates — junior lawyers who seek to rise through the ranks to become partners. And minority women make up only 15 percent of all female partners at signatory firms, and less than 3 percent partners over all.
Minorities over all had flat representation even as a growing number of large firms have hired diversity directors to recruit and vet a wider array of candidates. Last week, three major firms — Reed Smith, Hogan Lovells and Day Pitney — announced they had each hired top diversity staff.
Even so, firm partnerships over all remain more than 75 percent white male, with women far behind at less than 20 percent and minorities at slightly over 5 percent, according to figures from the National Association for Law Placement, which tracks legal industry statistics.
Although the New York City Bar Association survey did not attach findings to specific law firms, Mr. Kiernan, who is a partner at the Debevoise & Plimpton, noted that the survey was the most detailed to date. Firms that did not respond to the mandatory survey could be struck from the signatory list as a means of underscoring the importance the bar association attaches to diversity.
The survey findings concluded that progress for women and minorities is hampered by high rates of lawyers leaving firms for varied reasons. Failure to attain equity, or owner, partnership — or the lack of prospects to become partner — appeared to have a significant effect on firm longevity. Salaried, or income, partners who were women or minorities had a turnover rate of 8.6 percent — double that of male equity partners, who left at a rate of 3.2 percent, according to the survey.
Female lawyers have made progress in moving up to firm leadership positions — meaning they are on firm management committees or are practice group heads — and a handful, like Faiza Saeed at Cravath, Swaine & Moore, have risen through the ranks to lead the firm. But the survey found that among top firms, 25 percent do not have a woman on their management committees, and one in eight lacks a woman practice group leader.
And while white women made advances in the law firm structure, minority women held only 3 percent of firm partnerships.
Among minorities, the percentage remained static, though the survey found that slightly more African-American lawyers had positions on management committees, were practice group heads or were special counsels to a firm. Even so, most firms lack minorities on their management committees, and more than a third have no racial or ethnic minorities serving as heads of practice groups, such as bankruptcy and litigation.
Mr. Kiernan said the pipeline to firm leadership was being eroded by the number of lawyers voluntarily leaving firms. Last year, just under 13 percent of white male lawyers left firms, compared with 18.4 percent of women and 20.8 percent of minorities.
“What you see is real progress, but lower than we’d like,” Mr. Kiernan said.
A version of this article appears in print on October 17, 2016, on page A3 of the New York edition with the headline: Leading New York Law Firms Lag on Diversity, Survey Says. Order Reprints| Today's Paper|Subscribe
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Date: October 17th, 2016 10:37 AM Author: Puce Station Keepsake Machete (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31660886) |
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Date: October 16th, 2016 9:22 PM Author: Diverse Ruddy Senate Halford Didn't realize Day Pitney was still around (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31658355) |
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Date: October 17th, 2016 1:05 AM Author: Cocky hyperactive location party of the first part God I can't imagine why the midlevel women taking six months of maternity leave and 18 more months of a schedule of never staying past 6:30 aren't making partner. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659762) |
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Date: October 17th, 2016 2:39 AM Author: Diverse Ruddy Senate Halford Ljl 180. Let's make fun of the people that don't spend all their time at work. They are definitely in the wrong not us! (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31659935) |
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Date: October 17th, 2016 6:40 PM Author: Sick Wrinkle Whose making fun of people who work a more reasonable schedule? He's making fun of people who conclude that sex/gender is more relevant to career outcomes than the way people work. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31664594) |
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Date: October 17th, 2016 12:02 PM Author: ruby volcanic crater Since there aren't enough biglaw potential black law students from US law schools, they should start recruiting from the University of West Indies and African universities. (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31661405) |
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Date: October 17th, 2016 12:07 PM Author: spectacular obsidian menage marketing idea Some of these demographics SHOULD be changing given how female breadwinners (e.g., Nutellas) as well as unmarried women at partner age are much more common these days.
A lot of law firms do have an informal assignment system where partners and senior associates pick their "favorite" junior and mid-level associates to work with. This could be highly subjective as many people enjoy mentoring those that they see themselves in and have a lot in common with, and may subconsciously pick juniors/mid-levels for their deal teams on factors other than merit. Annual reviews end up being a circle-jerk where junior/mid-level associates not in the "in crowd" end up gradually forced out. |
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Date: October 17th, 2016 6:42 PM Author: Rusted domesticated patrolman degenerate cucky non-Jew whites who are the first to lose out - "well, it's only fair" (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#31664603) |
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Date: July 8th, 2020 11:38 PM Author: ebony irate address trust fund (http://www.autoadmit.com/thread.php?thread_id=3388758&forum_id=2#40571671) |