Source: JD Journal
By Teresa Lo, JD Journal
It’s a known fact that partners at law firms don’t make the same amount of money, but it’s unclear why. But one thing has been proven, female partners tend to make less than their male counterparts, and a recent lawsuit filed by attorney Kerrie L. Campbell against Chadbourne & Parke has illuminated this alleged problem.
In late 2016, Campbell filed a lawsuit against the New York-based firm because she said she was paid less than the male partners, according to The New York Times. This year, two other female partners joined her $1oo million lawsuit, and in the complaint, they allege that they have been “systematically disparately underpaid, systematically shut out of firm leadership, demoted, de-equitized and terminated.”
Female law partners on average earn about one-third, or about $300,000, less annually than their male colleagues, according to a survey of 2,100 partners at law firms nationwide released last fall by a legal search firm, Major, Lindsey & Africa. Over several years, that adds up quickly to a million dollars or more in lost compensation for a female lawyer.”
Read more of this article at Today's General Counsel.