A new report shows that philanthropy is alive and well in the City with the top 10 UK law firms donating £5m cash and eight times as much pro bono to non-profits last year – a total of £50m.
The 136-page report from Factary, a research services organisation for non-profits, shows that law firms’ community responsibility policies favour education and training, housing and employment, and rights/law and conflict. By contrast, it found that publicly reported donations are focused on health, children/youth and arts.
Crisis UK appears to enjoy the widest support from UK law firms, reporting donations from nine of the 20 leading firms. Amongst universities, the University of Sheffield leads the field, reporting donations from five of the top 20 firms
The recognition won by some law firms for their donations far exceeds that of others. Slaughter and May achieve more public recognition for their donations than any other law firm. Clifford Chance, Hogan Lovells and Freshfields win little recognition for their generosity. Comparing amounts donated by the firms and public recognition, the report shows that DLA Piper achieves the highest level of public recognition per £1 donated.
The report, Soliciting Gifts: Donations by leading Law Firms in the UK, is available now, published as a supplement of Factary’s New Trust Update report, at a cost of £125. Copies can be ordered from Shaun Gardiner at Factary, email@example.com.