The term "Women Partners" refers to a group or association of women who have come together for mutual support, collaboration and engagement in activities that promote their common interests.
Full definition
When we look at the total number
of women partners in venture capital firms, they have declined from the low number of 10 % in 1999 to only 4.2 % today.
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In this market environment, having strong,
prominent women partners and leaders makes a law firm stand out - and attract good clients.
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Even if they make partner, conditions can be difficult for women in traditional law firm partnerships: In its 2015 survey of 73 of the country's largest firms, the National Association of Women Lawyers (NAWL) reports that, among other discriminatory practices, men outpace women in obtaining rainmaking credits, and there is a gender gap in revenues generated from client billings, even as
women partners report higher working hours.
The solution is simple: You need
more women partners, especially in the later - stage arena where large rounds of funding help get startups to the IPO finish line, and where women are particularly underrepresented.
Amongst other findings, the report states that factors that work
against women partners include the lack of women on compensation committees where bonuses and compensation criteria are set; the lack of transparency around compensation criteria; the lack of credit for contributing to the firm's success through mentoring, associate recruitment or training and finally, intimidation around disputes over originating credit.
A mid-sized law firm based in Northern California contacted me after several
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Amongst other findings, the report states that factors that work against
women partners include the lack of women on compensation committees where bonuses and compensation criteria are set; the lack of transparency around compensation criteria; the lack of... [more]
So, like women often do, I found
other women partners to talk about what was alternately a wonderful and awful stage of life.
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This is especially true for law firm partnerships
where women partners have plateaued around 17 % for equity partners and 23 % for income partners.
[24] This reporting is borne out in lawsuits brought by
former woman partners against, for example, the Richmond, Virginia based law firm of LeClairRyan, [25] and, in another lawsuit, the Miami, Florida based law firm of Greenberg Traurig.