Ogier has published data on the pay gap between the average earnings of men and women across all the offshore law firm’s offices worldwide.
Ogier’s report presents data on the firm’s overall gender pay gap, while also breaking down pay gaps at different seniority levels at the firm.
The data showed a 30% pay gap in the mean, or average, hourly pay of men and women and a 43% difference between the mean bonuses paid to men and women. The median pay gap is 39% in both categories.
An equal number of men and women, 92%, were eligible for a bonus.
Ogier said the identified gender pay gap in favour of men is a consequence of fewer women holding higher-paying senior positions at the firm.
The pay gap data in the report does not relate to equal pay, which concerns paying men and women equally for the same role and work. The law firm said its pay review processes already ensure people are paid fairly for the same roles.
While pay gap reporting has been a requirement for businesses of 250 staff or more in the UK since 2017, none of Ogier’s home jurisdictions have similar requirements.
Global managing partner Edward Mackereth said the firm has published the report as it moves towards greater transparency with its staff, clients and wider communities.
“Publishing our pay gap report is important to us not only because of our commitment to diversity and inclusion, but also because we need to really understand an issue and its scale to be able to change it.
“We’re mindful that gender is just one perspective from which the pay gap needs to be approached, and that a number of groups face more barriers than others in progressing to senior positions,” Mackereth said. “As we collect more data internally, the format and content of our future pay gap reports will develop to provide a more detailed picture of the pay, retention and promotion gap across other protected characteristics.”
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