Wednesday, 4 March 2020

Understand the dynamics of law firms in London


Over the past couple of yeas, more and more people are becoming a part of this discussion – how diversified the law firms in London are? In order to find the most precise answer, experts carried out a research and questioned the staff to facilitate the most truthful result. The same results are shown in the most understandable manner in the following article.

The latest data collected was in the year 2017 which is inclusive of nearly 92% of total legal firms in London. This is comprised of details from almost 180,000 individuals working in none less than 9,000 firms. 74% of firms had a response rate from their staff of 90% or higher. It is very much necessary to keep in mind that just above 70% of legal professionals possess a practicing certificate. People can opt for not to answer the complete set or specific questions, therefore response rates within firms may vary.

If you want, you can confirm the raw data gathered in 2017 for the five categories they have used for their analysis. This includes the one who prefer not to say& and the intolerable replies, where people did not choose one of the options given in the questionnaire.

The raw data for all lawyers, reflects that for most of the questions got impressive response rates. Though the changes were not too elaborate, the response rates were a lot better than in 2015 by 1%for all categories, apart from the disability and gender which were both below 1%.
The big findings for each of the variety segments, is inclusive of the comparisons of the data between law firms in London of different scales and work category. It was found that the firm size by the number of partners, opposing from one partner to more than 50, and firms are considered in a particular category if it has been told that they carry out 50% or more of that work type. All-inclusive information about the prepared comparisons is set out law firm diversity tool.

Women were made up of 48% of all lawyers in legal firms and 47% of the UK manpower. For the other staff employed in law firms, women are known to shelter almost three quarters of the workforce. There has been a frippery change since 2014 in either group.

There are not so impressive but welcome signs of growth in the top-most firms however, as the difference have come down over the past four years, with the portion of female partners rising steadily from 25% in 2014 to 29% in 2017.

There has been a bigger proportion of female lawyers in mid-level legal firms in London– women makeup 54% of all lawyers in legal businesses with six to nine partners and those with 10 to 50 partners.

There is a smaller portion of female lawyers in one partner firms (44%).
There has been a regular rise in the portion of black, Asian and minority ethnic (BAME) lawyers working in law firms, now one in five lawyers. This is up 7%, from 14% in 2014 to 21% in 2017. In 2015,11% of the UK workforce were made up of BAME.

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