Law firm Osborne Clarke has reported a 16.9% mean class pay gap, down from 19.2% in 2023.
Its median class pay gap for 2024 was 36.5%, up slightly from 36.4% the year prior. These are almost entirely driven by its London office, where working class employees are more significantly underrepresented in higher paying roles.
Osborne Clarke’s mean disability pay gap for 2024 was 10.8%, up from 8.1% in 2023, while its median was 11.8%, down from 12.1% the year prior. Representation of disabled employees in the upper middle quartile has increased from 4.3% to 6.2% year on year.
Its 2024 mean ethnicity pay gap was 41%, up from 36% in 2023, while its median was 29%, up from 25% previously. Its mean ethnicity bonus gap was 32%, up from 26% in 2023, while its median was 31%, down slightly from 32% previously. A total of 75% of minoritised ethnic and 86% of white employees received a bonus in 2024, compared to 65% and 82% in 2023.
Osborne Clarke’s 2024 mean gender pay gap was 17.3%, down slightly from 17.6% in 2023, while its median was 25.3%, down from 26.4% previously. Its mean gender bonus gap was 19.7%, down from 20.9% in 2023, while its median was 32.6%, up from 24.6% the year prior. A total of 85% of women and 82% of men received a bonus last year, compared to 80% and 76% the previous year.
Conrad Davies, managing partner at Osborne Clarke, said: “Our 2024 pay gap report shows that we continue to make modest yet steady progress in narrowing the gender pay gap across the firm. Encouragingly, our partner gender pay gap fell to its lowest level since we began tracking it in 2017, due to both increased representation and progression of women.
“Our ethnicity pay gap has widened this year and we remain very focused on addressing the disparities driving this outcome, such as our attrition rate, which remains higher for employees who are from minoritised ethnic backgrounds than for white employees. Last year we began tracking disability and class pay gaps and are monitoring these pay gaps closely to inform any specific actions.”
