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Doubtless there are valid reasons why women are under-represented at partnership level in any firm - regardless of size - as this is not just a statistical issue. However, it is not too many years ago that I was sitting with my usual companions in on the daily commute in the First Class compartment of train when one of our group - a very senior partner at a Magic Circle firm announced; "There will never be any women partners at our firm while I am here." That glass ceiling shattered 2 years later but is an example of an attitude that sadly still prevails with some. The City still has a way to go to become a true meritocracy.

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