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Wage Gap January 1, 2008 For several years we have noticed that there appears to be no significant difference in salaries paid to men and women in senior law firm management positions despite the much publicized “Wage Gap” in which women earn less than men. A recent study has confirmed our observations and, in fact, shows that in the 20 to 30 year age bracket, women out earn men by as much as 17 percent in New York City and 20 percent in Dallas. The study by Queens College in New York shows, however, that women’s gains in their 20’s reverses itself as they enter their 30’s. Further, the gains are solely in major metropolitan areas and men in all age groups tend to be paid more outside large cities. In large measure, the salaries of professional women, particularly lawyers and consultants are believed to have played a big role in this gain. |