Work-life balance is often pegged as the reason women leave traditional law firms. But for the growing number of women establishing their own firms, their departure is often rooted more deeply in gender inequality in the profession than in raising children or having more free time.
“If women were feeling valued, were getting properly rewarded for their efforts, were getting their fair share and it wasn’t a constant struggle to get your origination credit, and feel you are part of the team—then you would stay,” said Nicole Galli, who in 2017 co-founded a trade association, Women Owned Law, which has already grown to 200 members.
Also growing in membership is the Women’s Business Enterprise National Council, which doles out the prestigious Women’s Business Enterprise certification. It currently certifies 300 law firms, and just 11 percent of those law firms have held their certifications for 10 years or more. A full 50 percent of them just earned certification within the past five years. Among the 300 WBE-certified law firms, 16 percent were newly founded within the past five years, according to council spokeswoman Jessica Carlson.