Law firm TLT has reported a mean 7.8% ethnicity pay gap for 2024, down from 11.5% in 2023.
The organisation’s median ethnicity pay gap was 17.6%, down from 21% the year prior. Its lower pay quartile consists of 83.8% of white and 16.2% of ethnically diverse employees, while its upper pay quartile consists of 86.3% of white and 13.7% of ethnically diverse staff.
Its mean ethnicity bonus gap was 36.2%, down from 39.4%, while its median was zero, down from 9% the prior year. A total of 71.3% of ethnically diverse and 80.4% of female employees received a bonus that year, compared to 57.7% and 79.2% in 2023.
TLT’s 2024 mean gender pay gap was 9.6%, up slightly from 9% in 2023, while its median was 12.3%, up from 9.1% previously. Its upper pay quartile consists of 35.9% of male and 64.1% of female staff, while its lower pay quartile consists of 30.5% of male and 69.5% of female staff.
Its mean gender bonus gap was 45.3%, down from 52.4% in 2023, while its median was zero, unchanged from the previous year. A total of 74.9% of males and 80.2% of females received a bonus that year, compared to 72.4% and 77.6% in 2023.
John Wood, managing partner at TLT, said: “We believe that to be successful, our workplace should reflect the diversity of wider society and foster a culture that supports good wellbeing. Our inclusion strategy drives bold actions that strives to do this, ensuring we’re addressing underrepresentation and promoting good health to deliver results in the retention and progression of a diverse workforce.
“This year we have voluntarily published our ethnicity pay gap once again and we’re pleased to report that it has decreased for the second year in a row. This positive change reflects our ongoing commitment to improving ethnic diversity in all pay quartiles. Our report underscores our commitment to enabling staff from all backgrounds to progress at TLT.”
