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POLITICS

&

SOCIETYDiversityofU.S.lawfirmsCHAPTER

01OverviewNumberoflawyersintheUnitedStatesfrom2007to2023(in1,000s)NumberoflawyersintheU.S.2007-20231,6001,4001,2001,0008006004002000200720082009201020112012201320142015201620172018201920202021202220233Description:ThetotalnumberoflawyersintheUnitedStateshasseenasteadyincreaseoverthelastfewyears.In2023,therewereapproximately1.33millionactivelawyers.Thistotalwassomewhathigherwhencomparedtothepreviousyear,andnotmuchabovethe2015figureof1.3million.ReadmoreNote(s):UnitedStates;2007to2023Source(s):AmericanBarAssociationNumberoflawfirmsintheUnitedStatesfrom2012to2023(in1,000s)NumberoflawfirmsintheUnitedStates2012-2023500450400350300250443.63447.04449.63431.49433.52429.18432.55433.79432.62433.93425.13423.032001501005002012201320142015201620172018201920202021202220234Description:In2023,therewereapproximately450,000lawfirmsintheUnitedStates.Between2018and2023,thenumberoflawfirmsgrewbyapproximately0.7percentperyearonaverage.

ReadmoreNote(s):UnitedStates;2012to2023Source(s):IBISWorldGenderdistributionoflawyersinthebest100lawfirmsforwomenintheUnitedStatesin2022,bypositionEmployeegenderdistributioninthebest100lawfirmsforwomenintheU.S.2022MenWomen120%100%23.42%32.73%80%60%40%20%0%76.54%67.12%Newassociatehires(juniororsenior)Leadershippositions*5Description:In2022,themajorityofnewassociatehiresandthoseworkinginleadershippositionsinthebestlawfirmsforwomenintheUnitedStatesweremen.Womentotaledapproximately30percentofnewassociatehiresandalmostonequarterofthoseworkinginleadershippositions.ReadmoreNote(s):UnitedStates;2022;*forexampleheadsofofficesandpracticegroups,board/executiveteams.Missingpercentagepointsareduetothosewhoidentifyasgendernonconforming.

ReadmoreSource(s):Vault;YaleUniversityShareofwomenworkinginthelegalprofessionfrom2010to2023intheUnitedStatesShareofwomenworkinginthelegalprofessionU.S.2010-202345%40%39%38.3%37.2%36.8%36.5%36.1%35.7%35.6%35.3%34.7%33.7%35%30%25%20%15%10%5%33.1%33.3%31%0%201020112012201320142015201620172018201920202021202220236Description:In2023,therewerearecordnumberofwomenworkingaslegalprofessionalsintheUnitedStates,representingalmost40%ofthetotalworkforce.Thiswasanincreaseofeightpercentwhencomparedto2010.

ReadmoreNote(s):UnitedStates;2010to2023Source(s):AmericanBarAssociationAnnualwageofemployeesinlegaloccupationsintheUnitedStatesasofMay2022,bycategory(inU.S.dollars)EmployeewagesoflegaloccupationsintheU.S.2022MeanannualwageinU.S.dollars20,000

40,000

60,000080,000100,000

120,000

140,000

160,000

180,000163,770LawyersJudges,magistratejudges,andmagistratesArbitrators,mediators,andconciliatorsAdministrativelawjudges,adjudicators,andhearingofficersLegalsupportworkers,allother130,38098,92097,25077,20066,31062,84057,030JudiciallawclerksParalegalsandlegalassistantsTitleexaminers,abstractors,andsearchers7Description:In2022,lawyerswerebyfarthehighestpaidprofessioninlegaloccupationsintheUnitedStates.Judgesandmagistratesfollowed,withanannualwageofapproximately130,000U.S.dollarsintheUnitedStatesin2022.

ReadmoreNote(s):UnitedStates;May2022Source(s):BureauofLaborStatisticsCHAPTER

02DiversityofattorneysDiversityofattorneysatSkaddenArpsLLPintheUnitedStates2023,byraceandgenderDiversityofattorneysatSkaddenArpsLLPU.S.2023,byraceandgenderMaleFemale6005004003002001000WhiteAsianBlackorAfrican-

HispanicorLatinx

NativeHawaiianor

AmericanIndianor

Twoormoreraces

OtherorunknownAmericanotherPacificIslanderAlaskaNativeRace/ethnicity9Description:In2023,mostattorneysworkingforSkaddenArpswerewhite.Whiteattorneysalsorepresentedthehighestrepresentationoffemaleattorneysworkingforthelawfirm.Thehighestnon-whitenumberofattorneyswerethosefromanAsianbackground,withmorethanonehundredintotal.Asianwomenalsorepresentedthelargestnumberofnon-whitefemaleattorneys.ReadmoreNote(s):UnitedStates;2023;818respondentsSource(s):Skadden,Arps,Slate,Meagher&Flom;VaultDiversityofattorneysatFoxRothschildintheUnitedStates2023,byraceandgenderDiversityofattorneysatFoxRothschildintheU.S.2023,byraceandgenderMaleFemale250200150100500WhiteBlackorAfrican-

HispanicorLatinxAmericanAsianAmericanIndianor

NativeHawaiianor

Twoormoreraces

OtherorunknownAlaskaNativeotherPacificIslanderRace10Description:In2023,FoxRothschildhadatotalof281U.S.-basedassociates.Themajorityoftheseattorneyswerewhiteandaccountedformorethan200ofthoseworkinginthesepositions.Gender-wise,womenattorneyswerethemostrepresented.TheleastrepresentedgroupsworkingasattorneysforFoxRothschild,inclusiveofbothraceandgender,wereAmericanIndiansorAlaskaNativesandNativeHawaiiansorotherPacificIslanderswithnorepresentationatthelawfirm.

ReadmoreNote(s):UnitedStates;2023;281respondentsSource(s):FoxRothschildDiversityofattorneysatGoodwinProcterLLPintheUnitedStates2023,byraceandgenderDiversityofattorneysatGoodwinProcterLLPU.S.2023,byraceandgenderMaleFemale7006005004003002001000WhiteAsianBlackorAfrican-

HispanicorLatinx

NativeHawaiianor

AmericanIndianor

Twoormoreraces

OtherorunknownAmericanotherPacificIslanderAlaskaNativeRace11Description:In2023,themajorityofattorneysworkingforGoodwinProcterLLPintheUnitedStateswerewhite.Outofatotalof951attorneysworkingforthefirm,over450ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofattorneysworkingforGoodwinProcterin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;951respondentsSource(s):GoodwinDiversityofattorneysatPaulWeissLLPintheUnitedStates2023,byraceandgenderDiversityofattorneysatPaulWeissLLPintheU.S.2023,byraceandgenderMaleFemale400350300250200150100500WhiteAsianHispanicorLatinxBlackorAfrican-AmericanRaceAmericanIndianorAlaskaNativeNativeHawaiianorotherPacificIslanderTwoormoreraces12Description:In2023,themajorityofattorneysworkingforPaul,Weiss,Rifkind,Wharton&GarrisonLLPintheUnitedStateswerewhite.Outofatotalof551U.S.basedassociatesworkingforthefirm,almost360ofthemwerewhite.Intermsofgenderdiversity,menmadeupthemajorityofattorneysworkingforPaulWeissin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;551respondentsSource(s):Paul,WeissDiversityofattorneysatDentonsLLPintheUnitedStates2023,byraceandgenderDiversityofattorneysatDentonsLLPU.S.2023,byraceandgenderMaleFemale250200150100500WhiteAsianBlackorAfrican-

HispanicorLatinx

AmericanIndianor

Otherorunknown

NativeHawaiianor

TwoormoreracesAmericanAlaskaNativeotherPacificIslanderRace13Description:In2023,themajorityofattorneysworkingforDentonsLLPintheUnitedStateswerewhite.Outofatotalof290U.S.basedassociatesworkingforthefirm,almost200ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofattorneysworkingforDentonsin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;290respondentsSource(s):DentonsDiversityofattorneysatSidleyAustinLLPintheUnitedStates2023,byraceandgenderDiversityofattorneysatSidleyAustinLLPintheU.S.2023,byraceandgenderMaleFemale8007006005004003002001000WhiteAsianHispanicorLatinxBlackorAfrican-AmericanRaceAmericanIndianorAlaskaNativeNativeHawaiianorotherPacificIslanderTwoormoreraces14Description:In2023,themajorityofattorneysworkingforSidleyAustinLLPintheUnitedStateswerewhitemen.Outofatotalof1,079U.S.basedassociatesworkingforthefirm,719ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofattorneysworkingforSidleyAustinin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;1,079respondentsSource(s):SidleyShareofnon-whiteworkforceatCliffordChanceLLPintheUnitedStatesfrom2017to2023,byroleShareofnon-whiteworkforceatCliffordChanceU.S.2017-2023,byrolePartnerLawyerBusinessprofessionals70%57.5%60%55.9%54.8%54.2%53.4%52.6%37.6%52.6%49%50%40%30%20%10%0%40.5%40.7%34%33%30.9%12%11.1%9.6%9.7%7.6%7%5.7%201720182019202020212022202315Description:In2023,thejobpositionatCliffordChancewiththeleastamountofrepresentationfromnon-whiteemployeeswerepartners,takingup12percentofthesepositions.Therolewiththehighestrepresentationofnon-whiteworkerswerelawyers,takingupmorethanhalfofthesepositions.Between2018and2023,therepresentationofthenon-whiteworkforceincreasedannuallywithinpartnerandlawyerpositions.ReadmoreNote(s):UnitedStates;2017to2023Source(s):CliffordChanceRacialdiversityoftheLinklatersworkforceintheUnitedStates2023,byjobpositionRacialdiversityofLinklatersworkforceU.S.2023,byjobpositionPartnersAssociatesAllotherlawyers80%68%70%60%50%40%30%20%10%0%66%47%26%17%16%13%11%9%6%6%6%4%4%3%0%0%0%0%0%Multi-racial0%CaucasianAsian&PacificIslanderHispanicBlackJobpositionAmericanDonotwishtodiscloseIndian/AlaskanNative16Description:In2023,themostrepresentedracialgroupworkingforLinklatersintheUnitedStateswereCaucasian.TherewasnorepresentationofAmericanIndiansorAlaskanNativesworkinginanypositionforthefirm.OutsideoftheCaucasianworkforce,thenextmostrepresentedgroupswereAsianandPacificIslanders,withtheirmosthighlyrepresentedpositionbeingassociates,accountingforalmost30percentoftheseroles.

ReadmoreNote(s):UnitedStates;2023Source(s):LinklatersCHAPTER

03DiversityofequitypartnersShareofnon-whiteequitypartnersatlawfirmsintheUnitedStatesfrom2011to2022Shareofnon-whiteequitypartnersatlawfirmsintheU.S.2011-20226%5%4%5.2%5.1%4.5%4.4%3.8%3.6%3.4%3.3%3.3%3.2%2.9%2.9%3%2%1%0%20112012201320142015201620172018201920202021202218Description:Althoughtheshareofnon-whiteequitypartnersatU.S.lawfirmsincreasedoverthelastseveralyears,particularlyin2021,theoverallpercentagehasremainedsignificantlylow.In2022,justoverfivepercentofequitypartnersatlawfirmsintheUnitedStateswerepeopleofcolor.In2011,thisfigurewasapproximatelythreepercent,demonstratinganincreaseofroughlytwopercentintenyears.ReadmoreNote(s):UnitedStates;2011to2022;17,285equitypartnersin2021Source(s):NationalAssociationforLawPlacementDiversityofequitypartnersatSkaddenArpsLLPintheUnitedStates2023,byraceandgenderDiversityofequitypartnersatSkaddenArpsLLPU.S.2023,byraceandgenderMaleFemale250200150100500WhiteAsianHispanicorLatinx

BlackorAfrican-

NativeHawaiianor

AmericanIndianor

Twoormoreraces

OtherorunknownAmericanotherPacificIslanderAlaskaNativeRace/ethnicity19Description:In2023,mostequitypartnersworkingforSkaddenArpswerewhite.Whiteequitypartnersalsorepresentedthehighestrepresentationofwomenworkinginthesamepositionforthelawfirm.Thehighestnumberofnon-whiteequitypartnerswerethosefromanAsianbackground,with17intotal.AsianandHispanicwomenalsorepresentedthelargestnumberofnon-whitefemaleequitypartners.ReadmoreNote(s):UnitedStates;2023Source(s):Skadden,Arps,Slate,Meagher&Flom;VaultDiversityofequitypartnersatFoxRothschildintheUnitedStates2023,byraceandgenderDiversityofequitypartnersatFoxRothschildU.S.2023,byraceandgenderMaleFemale400350300250200150100500WhiteAsianHispanicorLatinxBlackorAfrican-AmericanRaceAmericanIndianorAlaskaNativeNativeHawaiianorotherPacificIslanderTwoormoreraces20Description:In2023,FoxRothschildintheUnitedStateshadatotalof386equitypartners.Themajorityofthoseworkinginthesepositionswerewhite,accountingforroughly360oftheworkforce.Gender-wise,maleequitypartnerswerethemostrepresented.TheleastrepresentedgroupworkingasequitypartnersforFoxRothschild,inclusiveofbothraceandgender,wereAmericanIndianorAlaskaNative,andNativeHawaiianorotherPacificIslanderwithnorepresentation.

ReadmoreNote(s):UnitedStates;2023;386respondentsSource(s):FoxRothschildDiversityofequitypartnersatGoodwinProcterLLPintheUnitedStates2023,byraceandgenderDiversityofequitypartnersatGoodwinProcterLLPU.S.2023,byraceandgenderMaleFemale250200150100500WhiteAsianBlackorAfrican-

HispanicorLatinx

NativeHawaiianor

AmericanIndianor

Twoormoreraces

OtherorunknownAmericanotherPacificIslanderAlaskaNativeRace21Description:In2023,themajorityofequitypartnersatGoodwinProcterLLPintheUnitedStateswerewhite.Outofatotalof225equitypartnersworkingforthefirm,almost200ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofattorneysworkingforGoodwinProcterLLPin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;225respondentsSource(s):GoodwinDiversityofequitypartnersatPaulWeissLLPintheUnitedStates2023,byraceandgenderDiversityofequitypartnersatPaulWeissLLPintheU.S.2023,byraceandgenderMaleFemale160140120100806040200WhiteAsianBlackorAfrican-AmericanAmericanIndianorAlaskaNativeRaceNativeHawaiianorotherPacificIslanderHispanicorLatinxTwoormoreraces22Description:In2023,themajorityofequitypartnersatPaul,Weiss,Rifkind,Wharton&GarrisonLLPintheUnitedStateswerewhitemen.Outofatotalof167U.S.basedequitypartnersworkingforthefirm,almost150ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofequitypartnersworkingforPaulWeissin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.

ReadmoreNote(s):UnitedStates;2023;167respondentsSource(s):Paul,WeissDiversityofequitypartnersatDentonsLLPintheUnitedStates2023,byraceandgenderDiversityofequitypartnersatDentonsLLPintheU.S.2023,byraceandgenderMaleFemale350300250200150100500WhiteAsianBlackorAfrican-

HispanicorLatinx

NativeHawaiianor

AmericanIndianor

Otherorunknown

TwoormoreracesAmericanotherPacificIslanderAlaskaNativeRace23Description:In2023,themajorityofequitypartnersatDentonsLLPintheUnitedStateswerewhite.Outofatotalof360U.S.basedequitypartnersworkingforthefirm,301ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofequitypartnersworkingforDentonsin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;360respondentsSource(s):DentonsDiversityofequitypartnersatSidleyAustinLLPintheUnitedStates2023,byraceandgenderDiversityofequitypartnersatSidleyAustinintheU.S.2023,byraceandgenderMaleFemale6005004003002001000WhiteAsianHispanicorLatinxBlackorAfrican-AmericanRaceNativeHawaiianorotherPacificIslanderAmericanIndianorAlaskaNativeTwoormoreraces24Description:In2023,themajorityofequitypartnersatSidleyAustinLLPintheUnitedStateswerewhitemen.Outofatotalof574U.S.basedequitypartnersworkingforthefirm,500ofthemcamefromawhitebackground.Intermsofgenderdiversity,menmadeupthemajorityofequitypartnersworkingforSidleyAustinin2023.TheracialgroupwiththelargestrepresentationoutsideofthosecomingfromawhitebackgroundwereAsian.ReadmoreNote(s):UnitedStates;2023;574respondentsSource(s):SidleyCHAPTER

04ProfitandremunerationsLeadinglawfirmsintheUnitedStatesin2022,byprofitperequitypartner(inmillionU.S.dollars)LawfirmsintheU.S.withthehighestprofitperequitypartner2022ProfitperequitypartnerinmillionU.S.dollars012345678Kirkland&EllisWachtell,Lipton,Rosen&KatzSullivan&Cromwell7.527.295.985.735.555.325.235.155.014.93Paul,Weiss,Rifkind,Wharton&GarrisonDavisPolk&WardwellSimpsonThacher&BartlettQuinnEmanuelUrquhart&SullivanLatham&WatkinsSkaddenArpsGibson,Dunn&Crutcher26Description:In2022,thelawfirmwiththehighestprofitperequitypartnerintheUnitedStateswasKirkland&Ellis,whoreportedaprofitofapproximately7.5millionU.S.dollarsperequitypartner.Wachtellfollowed,withprofitsperequitypartneramountingtoroughly7.3millionU.S.dollars.ReadmoreNote(s):UnitedStates;2022Source(s):AbovetheLaw;TheAmericanLawyerLeadinglawfirmsintheUnitedStatesfrom2022,byrevenueperlawyer(inmillionU.S.dollars)LawfirmsintheU.S.withthehighestrevenueperlawyer2022RevenueperlawyerinmillionU.S.dollars1.0

1.5

2.00.00.52.53.03.54.0Wachtell,Lipton,Rosen&KatzSullivan&Cromwell3.542.14Cravath,Swaine&MooreKirkland&Ellis1.971.911.88Paul,Weiss,Rifkind,Wharton&GarrisonRopes&Gray1.821.82Skadden,Arps,Slate,Meagher&FlomDavisPolk&Wardwell1.71.681.67SimpsonThacher&BartlettProskauerRose27Description:In2022,thelawfirmwiththehighestrevenueperlawyerintheUnitedStateswasWachtell,Lip

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