London (25 September 2017) – Reed Smith is pleased to announce the launch of The 1973 Club, a networking, knowledge-sharing and philanthropic platform for women in the private equity sector.

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Type: Diversity & Inclusion, News Releases

This prestigious Club is named for the year in which women first gained access to the London Stock Exchange trading floor. The Club aims to increase gender diversity in the private equity industry, from supporting those first entering the industry, to rallying women to stay in or return to the sector by bolstering their connections both personally and professionally.

Private equity firms are dominated by male employees – last year just 14% of partners were female, while research by Private Equity News placed the overall proportion of investment professionals at European buyout firms at around 12%, an inexcusably low figure. These statistics lag well behind the wider banking industry.

By founding The 1973 Club, Reed Smith is committing to changing standards within the sector, not only encouraging talented women to enter the industry, but empowering established female professionals to remain within and occupy leading positions within it.