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Posted In: Culture & Diversity, Talent Strategy

By the Numbers: Does Your Law Firm Measure Up to a “Gold” Standard?

By on June 18, 2013

I like metrics.  Perhaps that’s why I find the recently released Women in Law Empowerment Forum’s  2013 Gold Standard Certification especially interesting and valuable –  It’s all about the numbers.   In order for a firm to receive Gold Standard Certification, the firm must achieve or exceed at least four of the six following metrics –

Women Represent:

  1. 10% of Firm Chairs and Office Managing Partners
  2. 10% of the Top 50% Highest Compensated Equity Partners in US Offices
  3. 20% of the Firm’s Primary Governance Committee
  4. 20% of the Firm’s Compensation Committee
  5. 20% of Equity Partners or 25% of the Non-Lateral Attorneys who Became Equity Partner in the Past 12 Months
  6. 25% of the Firm’s Practice Group Leaders or Department Heads

By the numbers, the National Law Journal’s recent annual survey of the nation’s largest law firms found that women accounted for 15.9% of equity partners in 2012, compared with 15.3% in 2011.  Overall, the percentage of women in NLJ 350 firms remains low and relatively unchanged.  In 2012, women made up 33.4% of attorneys at those firms, compared with 33% in 2011.

If your law firm is one of the 42 listed below who received this award, congratulations.  If your firm didn’t make the list, these metrics are a great benchmark to periodically evaluate your firm’s overall talent strategy and progress toward your goals.

2013 WILEF Gold Standard Firms:

  • Ballard Spahr
  • Cooley
  • Crowell & Moring
  • Davis Polk & Wardwell
  • Davis Wright Tremaine
  • Dentons
  • Finnegan, Henderson, Farabow, Garrett & Dunner
  • FordHarrison
  • Fredrikson & Byron
  • Frost Brown Todd
  • Fulbright & Jaworski
  • Gibbons
  • Goodwin Procter
  • Haynes and Boone
  • Holland & Hart
  • Holland & Knight
  • Hughes Hubbard & Reed
  • Jackson Lewis
  • Jenner & Block
  • K&L Gates
  • Kilpatrick Townsend & Stockton
  • Latham & Watkins
  • Leonard, Street and Deinard
  • Littler Mendelson
  • Locke Lord
  • Manatt Phelps & Phillips
  • McCarter & English
  • Morrison & Foerster
  • Orrick, Herrington& Sutcliffe
  • Paul Hastings
  • Perkins Coie
  • Pillsbury Winthrop Shaw Pittman
  • Quarles & Brady
  • Reed Smith
  • Shook, Hardy & Bacon
  • Shumaker, Loop & Kendrick
  • Simpson Thacher & Bartlett
  • Skadden, Arps, Slate, Meagher & Flom
  • Stinson Morrison Hecker
  • Stoel Rives
  • Sutherland Asbill& Brennan
  • Thompson Hine

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