Clifford Chance, HSBC’s UK asset management business and McKinsey are among leading City companies to have disclosed a widening UK gender pay gap this year.
The deficit in the median woman’s earnings at Magic Circle law firm Clifford Chance compared with her male counterpart rose to 38.1 per cent in the year to March 2025, an increase of 5.1 percentage points from the prior year, according to data it submitted to government.
At HSBC Global Asset Management UK, which employed 395 people in the UK, the gap increased 8.3 percentage points to 29.2 per cent. Its parent company HSBC had a median pay gap of 45 per cent, a slight decrease on 2024. The combined group reported a decrease of 2 percentage points.
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