Freshfields gender pay stats outperform competition
Freshfields Bruckhaus Deringer has become the second to last Magic Circle firm to make public its gender pay brackets.
The firm pays its male staff an average of 13.9% more than its female staff, or 13.3% calculated by the median figure. As far as bonuses go, men at the firm received an average of 41% more than women, or 33.3% by the median figure.
With pay data from nearly all the Magic Circle firms now released, Freshfields can rest assured that it is doing better than most of its competition in this realm. Linklaters, Allen & Overy, Slaughter and May, and Reed Smith all had even larger gaps in payments. They were all topped by White & Case, which was forced to reveal that on average men received 71% more in bonuses than women.
The last remaining Magic Circle firm yet to reveal its statistics is Clifford Chance. When that happens, the complete picture of the state of the pay gap in the Magic Circle will be seen.