The pay gap is smaller at managing counsel and senior counsel levels—where women receive 90 percent and 89 percent of their male colleagues’ compensation, respectively. In the Daily Report, MMM Of Counsel Meredith Caiafa reviews measures that could both increase opportunities for lawyers of all backgrounds and create a positive financial impact for law firms, including the Mansfield Rule, a certification meaning law firms affirmatively considered women and lawyers of color—at least 30 percent of the candidate pool—for leadership and governance roles, equity partner promotions and senior lateral positions.
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