Allen & Overy has become the first big law firm to publish its 2018 gender pay audit and has included details of partners’ pay for 2017 and 2018 after criticism that it had previously omitted this.
All the other law firms in the so-called magic circle have released details of pay gaps at partner level and Allen & Overy was the last to do so.
Its figures show that, with partners’ pay included, for 2017, it had the second largest mean gender pay gap among the magic circle at 65%. The range for magic circle firms is from 60% to 66.3%
However Allen & Overy’s 2018 figures show the pay gap has fallen to 61.2%.
The report also outlines the split between bonuses paid to men and women over 2017 and 2018. In 2017, bonuses were paid out to slightly more men than women in the UK, with 55.5% of men receiving a bonus compared to 53.2% of women.
For 2018, 79.6% of women received a bonus in the last financial year, compared to 74.8% of men.
However, the mean bonus gap still favoured men in both years, with a 42.1% gap in 2017 and a 45.3% gap the following year.
A&O has also included ethnicity pay gap figures in its report which shows 14% of its UK partner and employee population are black, Asian or minority ethnic (BAME). The firm has reported a mean pay gap of 22.8% for BAME employees and partners in 2017 and 21.6% for 2018.