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    Transforming Women’s Leadership in the Law 2019 ANNUAL REPORT

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    Table of contents Welcome message 5 About the Transforming Women’s Leadership in the Law program 6 Going to new frontiers 7 Transforming Women's Leadership in the Law Advisory Boards 8 Highlights in 2019 North America 10 UK and Ireland 11 Asia Emerging Markets 12 Top TWLL content from 2019 14 Key contacts 16

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    Welcome to the Transforming Women’s Leadership in the Law Annual Report 2019 | 5 Welcome to the Transforming Women’s Leadership in the Law Annual Report 2019 Greetings, express our appreciation to the members of our Advisory Boards, whose combined perspective and expertise are We are pleased to present the third annual report of the paramount in shaping this initiative and keeping us all Transforming Women’s Leadership in the Law (TWLL) focused on the most pressing issues for women in the legal initiative. We hope it both energizes and informs you about industry. They generously devote significant time from the commitments and activity that remain core to the their busy schedules - for which we are truly grateful. program’s driving force. We’d also like to thank the Thomson Reuters Legal Looking back on 2019, we are encouraged by the Executive Institute, which has partnered with us from the progress of women’s advancement as well as the ongoing very beginning as a co-sponsor for many of our events discussion and abundance of industry attention focused and as publisher for the robust series of TWLL content in on the experience of women in legal practice. Seeing North America. We also extend our gratitude to Thomson increased action towards leveling the playing field Reuters Legal Insights Europe for their informative and provides hope as we seem to be at a pivotal point of inspiring TWLL content. upward momentum for women reaching towards senior leadership roles in the law. We are proud that Thomson In closing, we look forward to 2020 and the expansion Reuters is doing its part through initiatives like TWLL to of our TWLL program which will continue its pursuit of create opportunities for people across the legal industry improving diversity in the legal industry and creating a to join together and address the structural barriers that more equal future for all. impede women as they progress in their legal careers. Thank you, Through year-round programming, we are connecting forces in North America, Europe, and Asia to uncover the solutions that we all hope will truly drive change. To provide a glimpse into the dynamic activity of TWLL, this report offers a summary of the program’s key events, discussions, and content for 2019. We have been honored to have inspiring and diverse individuals—from the judicial Elizabeth Beastrom Lucinda Case Neil Sternthal President, Print Head of Legal Global Head of Large Law system, law firms, public and private companies, the non- Professionals, Europe and Canada profit sector, government, and academia—participate as TWLL advisory board members, event co-chairs, panelists, speakers, and content contributors. We would also like to

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    About the Transforming Women’s Leadership in the Law program | 6 About the Transforming Women’s Leadership in the Law program Thomson Reuters TWLL program is an initiative with representation in the US, Canada, the UK, the Middle East, and Asia created to help address structural barriers and encourage the cultural change needed at the organizational level in the legal profession. The program aims to reposition the conversation away from what ‘women can do’ and put greater onus on organizations, law firms, and the wider legal industry. We share potential solutions for leaders in the legal profession to truly drive change—through a series of events, articles, interviews, and white papers. PROGRAM GOALS To generate conversations among legal professionals about the Curate barriers that hinder women’s advancement—identifying and conversations sharing actionable steps organizations can take to accelerate the progress towards equality in the legal profession. To enhance connections with current leaders, and the next Develop generation, in the legal industry—and collaborating with other connections organizations and programs that are working towards the advancement of women in the law. Encouraging women and advocating leadership commitment to Remove address organizational and cultural barriers to the advancement structural barriers of women—providing data, information, and networking opportunities to increase the pipeline of female talent.

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    7 | Going to new frontiers | 7 Going to new frontiers… Throughout 2019, several TWLL initiatives and events brought new insights to the market: The UK launched ground-breaking research analyzing what structural mechanisms produced the greatest amount of progress in the advancement of women to partnership. In addition, a TWLL event in the US explored the commonalities and unique differences of women’s leadership experiences in the legal and tax industries. The Middle East launched its own TWLL initiative in Dubai with two roundtable events that welcomed women to share their experiences and successes in advancing to executive ranks within the law. 603 CUSTOMERS/PARTNERS 19,441 471,187 PAGE VIEWS OF SOCIAL MEDIA REACH ATTENDING EVENTS FOR TWLL CONTENT FOR 2019

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    Transforming Women’s Leadership in the Law Advisory Board | 8 Transforming Women’s Leadership in the Law Advisory Boards US & CANADA ADVISORY Bindu Dhaliwal Stephanie Hamon BOARD Ombudsman Head of Legal Operations Consulting BMO Financial Norton Rose Sponsor Sheila Murphy Sarah-Jane Howitt Associate General Counsel Director of Business Elizabeth Beastrom MetLife (Retired) Development & Marketing President, Print Partner Thomson Reuters Rena Reiss Weightmans General Counsel Neil Sternthal Head of Large Law & Canada Marriott Caroline Hunter-Yeats Partner Thomson Reuters Tope Yusuf Simmons & Simmons Law Firm Vice President NBC Universal Media Laura King Partner, Global Head of People & Talent LeeAnn Black Clifford Chance COO UK & IRELAND ADVISORY Latham & Watkins BOARD Helen Randall Partner Kim Koopersmith Sponsor Trowers & Hamlins Firmwide Managing Partner Akin Gump Lucinda Case Suzanne Szczetnikowicz Head of Legal Professionals Europe Senior Associate Terry Pritchard Thomson Reuters Milbank Former Firm Co-chair Bryan Cave Leighton Paisner Law Firm Corporate Valerie Radwaner Susan Bright Firm Deputy Chair Donny Ching Regional Managing Partner Legal Director Paul Weiss Hogan Lovells Royal Dutch Shell Mark Wasserman Claire Clarke Managing Partner & Co-CEO Amali de Silva Managing Partner Legal & Compliance Controller Eversheds Sutherland Mills & Reeves Channel 4 Corporate Emma Dowden Greer McMullen COO Chief Legal Officer, Sophie Anger Burges Salmon General Counsel and Secretary Associate General Counsel Coty Mars Inc. Julia Hayhoe Chief Strategy Officer Richard Price Alan Bryan Baker McKenzie Group General Counsel and Company Secretary Senior Associate Anglo American General Counsel Walmart

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    Transforming Women’s Leadership in the Law Advisory Board | 9 Ritva Sotamaa Chief Legal Officer Unilever Caroline Stratton Senior Counsel and Director Deutsche Bank Clare Wardle General Counsel and Company Secretary Coca-Cola European Partners Public Sector/Other Suki Binjal Interim Director of Legal at Hackney Borough Council, and immediate Past President of Lawyers in Local Government (LLG) Director of Belvedere Legal Christina Blacklaws Immediate past President (2018-19) The Law Society of England & Wales Rob Booth General Counsel and Company Secretary The Crown Estate Thomas Cosgrove QC Cornerstone Barristers Daniel Greenberg Parliamentary Lawyer House of Commons Lisa Hart Shepherd Vice President of Research and Advisory Services Thomson Reuters

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    Highlights in 2019—North America | 10 Highlights in 2019—North America In 2019, the TWLL program continued to address the structural barriers that adversely impact women’s advancement in the legal industry by focusing on culture. In November 2019, Morgan Lewis and Thomson Reuters hosted a fireside chat in New York City exploring the role of well- being on women’s leadership. The event featured three directors of well-being from large law firms to discuss the importance of well-being and how law firm culture plays a critical role in its implementation. We also explored the commonalities and differences in the path to partnership for women in the legal and tax industries as a second fireside chat in Dallas, Texas. At the same time, we enhanced our digital content with spotlights on firms who have made increasing women’s representation a strategic objective. We were pleased to share their success stories in highlighting the structural mechanisms they are using to remove bias from talent systems at Clayton Utz, Fish & Richardson, and Cadwalader. We also continued our Rising Star Cohort program, which brought 10 future female leaders together for round tables with the general counsels of Viacom and AIG and law firm leadership events on strategic relationship-building.

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    Highlights in 2019—UK and Ireland | 11 Highlights in 2019—UK and Ireland TWLL UKI had an incredibly busy year in 2019. We began the senior levels of leadership in the legal profession. with noting another year of continued development of the The presentation of the report findings were very well TWLL programme and market engagement with our 2nd received. There remains much evidence, however, of the anniversary event on 4 February 2019. The main feature continued challenge law firms are facing in terms of their was a fireside chat which focused upon steps that the lack of diversity and inclusion – specifically the gender buy-side should be undertaking to bring about change. imbalance. The report highlighted some positive findings This event was facilitated by Jane Barrett, Head of Global where firms are introducing successful initiatives to Multimedia, Reuters. Panelists included Lucinda Case, address the imbalance at senior and junior levels—and TWLL Sponsor and Head of Legal Professionals Europe, illustrated practical actions to address the disparity. Thomson Reuters; Rob Booth, General Counsel and Other TWLL gatherings included a workshop hosted Company Secretary, The Crown Estate; Emma Codd, by our Advisory Board member, Helen Randall, Senior Managing Partner for Talent, Deloitte; and Richard Blunt, Partner and Head of Diversity and Inclusion at Trowers & Corporate Equity Partner, Baker McKenzie. Hamlins, exploring the findings from the Acritas report In April, our 2nd annual conference was held in London. and a roundtable dinner held at the London Borough of The continued aim was to bring together people from all Hackney hosted by TWLL Advisory Board member, Suki segments of the legal industry to examine, discuss, and Binjal, Interim Director of Legal at Hackney Borough debate issues that continue to create a gender imbalance Council, Director of Belvedere Legal, and immediate Past in the legal profession, as well as to share practical President of Lawyers in Local Government (LLG). steps to embed diverse leadership and cultural change The year concluded with a TWLL holiday gathering of across organisations. Throughout the day, two main TWLL Advisory Board members and supporters from themes seemed to reappear. One included the increased across the legal services market. As 2019 closed, the prevalence of ‘flexible working’ and the changes in TWLL programme expanded beyond the UKI into Europe. organisational culture that are associated with it. The As we witness a strong appetite for change to create a other centered around the empowered role of the more balanced representation of senior legal leaders— ‘buy-side’ and their shifting requirements of their legal and a desire to implement a more equal future for all in services providers. the profession—TWLL Europe anticipates another strong In addition to content on our thought leadership site, year in 2020. Legal Insights Europe—in June, the Thomson Reuters / Acritas report was launched ‘Current approaches to improving gender diversity at senior levels in law firms and correlated success’. The research is about levers in private practice that aim to improve gender diversity at

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    Highlights In 2019—Asia Emerging Markets | 12 Highlights In 2019—Asia Emerging Markets Last year, the Asia and Emerging Markets Team launched In June 2019, the TWLL program launched in Dubai with a brand new podcast series as part of the Change Makers two roundtables and a video interview with a Managing initiative, which focused on promoting gender equality in Partner. Senior women from area law firms discussed the the legal profession. There were five episodes released, key ingredients needed for women lawyers in that part generating 283 podcast plays, 647 unique landing page of the world to be successful. Diversity and inclusion and sessions, and 155 social media shares. The Change internal targets for women’s representation at senior Makers Podcast has gained about 50 subscribers and a levels, and the double-bind for women in advocating further two episodes have been recorded. These will go assertively and confidently, were hot topics during live in Q1 of 2020. the conversation. There was also a consensus around involving men in such events. The episodes pulled in excellent external speakers, such as Special Counsel Jane Needham and Kate Eastman; Andrew Stewart, a Partner at Baker McKenzie, and Larissa Andelman from the Women Lawyers Association, as well as a special episode with Rachael Wallbank, a successful lawyer who affirmed her female gender. Several internal thought leaders also took part in the program including Jackie Rhodes, Managing Director Asia and Emerging Markets and others in senior leadership. Legal Insight Australia and Legal Insight New Zealand published a range of articles that originally appeared on Legal Executive Institute to generate further awareness of Thomson Reuters commitment to transforming women in leadership. This includes a compelling diversity case study with Kate Jordan, the Deputy Chief Partner for People and Development at Clayton Utz. TWLL also partnered with the Women@ThomsonReuters business resource group for a public speaking workshop on how to captivate the audience and communicate messages in Hong Kong and Singapore.

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    13 | Highlights In 2019—Asia Emerging Markets | 13 Highlights In 2019—Asia Emerging Markets Thomson Reuters Japan launched an advisory board this year. Advisory Board members include: LAW FIRMS: • Masakazu Iwakura — Partner, TMI Associates • Ivan L. Pereira — Counsel, Oh-Ebashi LPC & Partners • Miriam Rose • Craig Shepherd — Partner, Herbert Smith Freehills LLP CORPORATE: • Alice Graham — Assistant General Counsel, Microsoft Japan • Arshad Karim — Senior Legal Counsel, Japan & Korea at Twitter • Yoko Oshima — General Counsel, GE Japan Along with the leadership of the advisory board, Thomson Reuters held three TWLL roundtable discussions over the last two years, which helped identify issues unique to Japan and launched the “Changemakers” program in November 2019. The roundtable dinners enabled Thomson Reuters to forge relationships with rising stars, who participated as panelists at the event in November 2019. The discussion at Changemakers focused on two specific areas: 1) It featured women lawyers, including three from the advisory board—Graham, Oshima, and Pereira—who have moved up to leadership ranks. The women discussed how to effectively be more proactive and assertive in pursuing promotions. 2) It also focused on the need for male allies and sponsors to step up and work side-by-side, rather than seeing themselves as merely “supporting” or “helping out.” This was thought to be especially important as the space for childcare in Japan is at a premium as day care centers continue to close across the country due to declining birth rates. Tony Andriotis, local partner at Quinn Emanuel in Tokyo, summarized a well-balanced description of the role of the male ally. “Open up your list of contacts. Help your female colleagues gain visibility with management. But more than anything, just be a decent human being.”

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    Top TWLL content from 2019 | 14 Top TWLL content from 2019 LEGAL EXECUTIVE INSTITUTE TOP CONTENT 1. The Real-World Implications of #MeToo: Transforming the Legal Ecosystem 2. UPFRONT & PERSONAL: A Discussion with Phuong Phillips, CLO of Zynga 3. UPFRONT & PERSONAL: A Talk with Laura Stein, GC of Clorox 4. The Value of Creating & Keeping Your Network 5. UPFRONT & PERSONAL: A Conversation with Tammy Albarran, Deputy General Counsel for Uber

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    Top TWLL content from 2019 | 15 Top TWLL content from 2019 LEGAL INSIGHTS EUROPE 1. Are some diversity initiatives actually making gender diversity worse? 2. Progress on gender equality remains ‘painfully slow’ for senior leadership in the legal profession 3. Tackling gender inequality in the law—the role of in-house lawyers, and quotas 4. A year in review—advancing equality in legal leadership through TWLL roundtable discussions 5. “Respect is not an indulgence”—inclusive and effective change leadership in legal teams

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    Key contacts US Canada UK and Ireland AEM Natalie Runyon Maria Cooley Lucinda Case Jane Lewis natalie.runyon@tr.com maria.cooley@tr.com lucinda.case@tr.com jane.lewis@tr.com Dawn Zapata Ann Lundin dawn.zapata@tr.com ann.lundin@tr.com Debbie Berkovitch debbie.berkovitch@tr.com tr.com/TWL tr.com/legalinsights/twll TR1027379

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