Selma Moidel Smith Law Student Writing Competition

The National Association of Women Lawyers (NAWL) is currently soliciting entries for the Fourth Annual Selma Moidel Smith Law Student Writing Competition, which focuses on issues concerning women's rights or status of women in the law.

The competition carries a $500 prize for the first place essay and the opportunity for the winning essay to be published in the summer edition of the Women Lawyers Journal.  Entries must be received by April 30, 2009

Please click here for more details.

NAWL’s 2008 National Survey on Retention and Promotion of Women in Law Firms, Part II

Now for the second part of the NAWL survey that I found particularly interesting this year: the finding that "For both male and femail lawyers, moving (laterally moving between firms) is likely to be a better strategy than staying in the lawyer's original firm."  This finding was interesting to me (perhaps more than others) because I have no intention of ever making a lateral move and every intention to make partner at my current firm.  This finding was surprising to me since I was under the impression that law firm management wasn't happy about the ease at which young lawyers move from one firm to another.  I have been told that there is generational strife between baby boomers in law firm management that were brought up to be loyal and Gen X and Y'ers who have no sense of loyalty whatsoever.  The fact that laterals are more likely to make partner seems to fly in the face of that.  Afterall, behaviors that are rewarded are likely to be replicated by others.  The NAWL reports states:

The market for lateral partners impacts promotion to equity partner.  ... Laterals account for roughly two-thirds of women and three-quarters of mthe men who were newly promoted to equity partnership.  A startling 31% of new equity partners are recent laterals, suggesting that they were specifically recruited for or negotiated a move for equity positions.  It also appears that males are recruited more often for equity partnership than females.  Firm structure impacts the extend to which home-grown lawyers or lateral hires are promoted to equity partner.  One-tier firms are almost equally likely to promote women form within or import female talent, while two-tier and mixed-tier firms are much more likley to import equity level women lawyers than to advance their home-grown women lawyers.

NAWL’s 2008 National Survey on Retention and Promotion of Women in Law Firms, Part I

So, it is that time of year and NAWL released it's 2008 Survey report yesterday.  Truthfully, there isn't much to write about this survey that you can't learn by reading the report and posts about it from last year.  The numbers have not really changed.  However, there are two things in the report that I would like to discuss: (1) the "tier" structure of a law firm's partnership and how that impacts women hoping to make partner; and (2) the market for lateral hires and how that impacts women hoping to make partner.

First, I found the aspect of the report that deals with the impact of a firm's equity structure to be intriging.  The report describes three forms of equity structure: one-tier, two-tier, and mixed-tier.  One-tier firms are the traditional structure, those that have all partners contribute capital to the firm and all partners share (likely, in varying degrees) in the profits of the firm.  Two-tier firms have "equity" and "non equity" partners.  The non-equity partners carry the title of "partner" but are really just super associates.  They are still paid a base salary and bonus and do not contribute capital or share in the profits.  Usually, there is another decision to be made to "promote" somebody from non-equity to equity within two-tier firms.  The report also discusses a firm structure that is rarely discussed, that of the "mixed-tier" partnership.  Mixed-tier firms are one-tier or two-tier firms on paper but in fact they have "equity" partners who have contributed capital to the firm but do not share in the profits.  Instead, these partners get a fixed salary/bonus as compensation and lesser (or no) say in the management of the firm.  According to the report, fully 15% of the largest law firms are "mixed tier" firms.  The fact that these mixed-tier firms exist is not all that interesting but, what is fascinating, are the report's findings about how this structure impacts women:

The numbers, although preliminary, suggest that working in a mixed-tier firm is somewhat disadvantageous for a woman lawyer.  In mixed-tier firms, women constitute fewer than 13% of equity partners and 24% of non-equity partners, lower levels than in one-tier or two-tier firms.