Despite a lot of talk, law firms continue to make little progress down on the diversity path. Law firms set billing rates of ethnically and gender diverse lawyers, particularly at more experienced levels, lower than white males.
Director of Strategic Counseling of LexisNexis’ CounselLink had a problem. She was tasked with giving a webinar on benchmarks for diversity and equality in law firms and was looking for a new way to go at the issue.
Satkunas had an idea. She reasoned that while pundits often talk people numbers: how many women, how many diverse lawyers, how many this, how many that. No one looked hard at the money. Remember the adage: “follow the money”? Satkunas had the bright idea to follow the money: analyze the billing rates lawyer charge their clients. She reasoned that billing rates are the critical factor in driving lawyer compensation (and power in law firms). As she puts it, billing rates are “a proxy for a lawyer’s value to the firm.” And she had a pool of data to look at how the rates of diverse lawyers and women compare to those of white males.
Kris Satkunas, 
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