Clifford Chance has voluntarily reported its social mobility pay gap for the first time, finding a mean 44% difference in pay between the professional and working classes in 2021.The firm reported these statistics alongside its gender, ethnicity, LGBTQ+ and Disability pay gap report.
The key findings are summarised as:
Gender:
• Our gender pay gap for employees has narrowed on both a mean and median basis. On a mean basis it is 16.6% (down from 19.1%). On a median basis it is 35.3% (down from 39.6%).
• There is slight movement in our combined gender pay gap for partners and employees. Our overall gender pay gap is 64.9% on a mean basis (up 1.4%), and 40.4% on a median basis (down 1.1%).
Ethnicity:
• We still have a negative ethnicity pay gap for employees, but our employee bonus gap has increased. On a mean basis, our ethnicity employee pay gap is -3.2% (-1.8% last year). On a median basis, this gap reduces slightly to – 16.7% (-19.7% last year). Our ethnicity employee bonus gap on a mean basis is 30.4% (up from 21.6%).
• Our combined ethnicity pay gap for partners and employees has increased on a mean basis to 53.6% (up 6.1%) but decreased on a median basis to -5.7% (0.0% last year).
LGBT+:
• Our LGBT+ employee pay gap remains marginal and our LGBT+ employee bonus gap has decreased. On a mean basis, our employee LGBT+ pay gap is 2.7% (up from -0.9%). On a median basis it is -6.0% (-4.7% last year). Our LGBT+ employee bonus gap on a mean basis is -2.7 (down from 8.2%).
• Our combined LGBT+ pay gap for partners and employees has increased on a mean basis to 31.3% (up 6.6%) but becomes a negative gap of -5.7% on a median basis (down 7.7%).
Disability:
• Our overall disability pay gap, which includes partners, has increased to 34.4% (up from 9.6%).
• As we did last year, we have chosen not to provide a further breakdown of employee pay gap data due to the relatively low numbers of individuals who choose to share that they have a disability or long-term injury or condition.
Social mobility:
• This is our first year of social mobility pay gap reporting. Our overall social mobility pay gaps are: 26.0%
(Intermediate vs. Working Class); 44.1% (Professional vs. Working Class); and 24.4% (Professional vs.
Intermediate Class).These categories are in line with the National Statistics Socio-Economic Classification.
Find out more information and download a copy of the report here.
