Monday, October 10, 2022

Bloomberg Law on "Women's Big Law Exodus"

Ayanna Alexander published an article for Bloomberg Law titled, Women's Big Law Exodus Picks Up Pace in Blow to Diversity HuntThe article summarizes data published by Leopard Solutions.  

Veteran women attorneys are jettisoning Big Law in favor of in-house jobs at a higher rate, an accelerating trend that hits top law firms at a time when they’re fighting to improve their diversity.

In 2021, only 35% of women who left one of the top 200 law firms in the US joined another Big Law firm . . . . Through the first nine months of 2022, that number has shrunk to 28%. Moving to in-house positions remains the most popular second choice for women who say that gives them more control over their careers.

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Big Law firms intending to improve their diversity need to consider the factors driving women away from their ranks, which may mean taking a harder look at how firms are structured and operate, said Sonya Olds Som, the global managing partner for the Legal, Risk, Compliance & Government Affairs practice group at executive search firm Diversified Search Group, which also places in-house attorneys.

https://lawprofessors.typepad.com/gender_law/2022/10/bloomberg-law-on-womens-big-law-exodus-.html

Women lawyers, Work/life, Workplace | Permalink

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