Source: International Business Times
By Mona Dajani, International Business Times
As we celebrate the advancement of women in the workplace and International Women's Day this past March, it seems appropriate to reflect on the progress that women have achieved in the intervening years.
As my mentor and hero, Christine Lagarde, head of the International Monetary Fund, has said, women's participation in the economy is of "macroeconomic" importance on a global level and will be a key strategy for the institution moving forward.
Since the late 1800s, women have made tremendous strides in their ability to pursue their dreams of education and meaningful work and to support themselves and their families in the United States and the United Kingdom.
In pursuing these goals, women have helped improve working conditions for all workers and have been a major factor in Western Civilisation's prosperity over the past century and a quarter.
Despite the progress and as a personal beneficiary of such progress as an equity partner and law firm leader, evidence suggests that many women remain unable to achieve their goals – especially in law firms and General Counsel positions in corporations.
The gap in earnings between women and men, although smaller than it was years ago, is still significant; survey findings released by the New York City Bar Association, for example, indicated that, 35% of all lawyers at the firms in 2015 were women, "despite representing almost half of graduating law school classes for nearly two decades."
Another recent study by Major, Lindsey & Africa, a legal recruiting firm headquartered in Chicago, found that male partners make 44% more on average than female partners make.
Read more of this article at International Business Times.