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Commercial Awareness Discussion
#7 The Legal Profession This Week - Gender Pay Gap Reports
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<blockquote data-quote="Dheepa" data-source="post: 75532" data-attributes="member: 1572"><p>Completely agree with your points here.</p><p></p><p>While the comments made by Vodafone is the most recent example, BP made a very similar if not even bolder statement last year (behind a paywall unfortunately but the <a href="https://www.thelawyer.com/bt-throws-down-gauntlet-to-panel-our-most-diverse-firm-gets-rehired-automatically/" target="_blank">headline </a>says it all). This is perhaps cynical of me, but I don't believe you can convince a business to take social issues seriously unless financial incentives are tied to it. So I'm all for clients making statements like this, because it will finally incentivise even the most non-diverse firms to pick up the pace with their diversity initiatives.</p><p></p><p>However, I do share the same concerns you do Jacob. Real diversity takes years to build, especially if starting from scratch. So I'm curious to see how many law firms actually commit for the long term, beyond just establishing (sometimes very superficial) diversity networks and setting recruitment targets. I think the pay gap reporting, especially the mandatory ethnicity pay gap reporting and the fantastic voluntary sexuality and disability reporting (hoping this becomes mandatory as well) is going to be great way to measure long term investment and will be quite telling in differentiating firms that are truly committed.</p></blockquote><p></p>
[QUOTE="Dheepa, post: 75532, member: 1572"] Completely agree with your points here. While the comments made by Vodafone is the most recent example, BP made a very similar if not even bolder statement last year (behind a paywall unfortunately but the [URL='https://www.thelawyer.com/bt-throws-down-gauntlet-to-panel-our-most-diverse-firm-gets-rehired-automatically/']headline [/URL]says it all). This is perhaps cynical of me, but I don't believe you can convince a business to take social issues seriously unless financial incentives are tied to it. So I'm all for clients making statements like this, because it will finally incentivise even the most non-diverse firms to pick up the pace with their diversity initiatives. However, I do share the same concerns you do Jacob. Real diversity takes years to build, especially if starting from scratch. So I'm curious to see how many law firms actually commit for the long term, beyond just establishing (sometimes very superficial) diversity networks and setting recruitment targets. I think the pay gap reporting, especially the mandatory ethnicity pay gap reporting and the fantastic voluntary sexuality and disability reporting (hoping this becomes mandatory as well) is going to be great way to measure long term investment and will be quite telling in differentiating firms that are truly committed. [/QUOTE]
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