USA: In house lawyers from Fortune 1000 companies pledge to consider diversity of external law firms

Author: Meredith Mandell, Bloomberg Law (USA), Published on: 9 September 2016

"Can Two Dozen GCs Bring Diversity to Law Firms?", 8 Sep 2016

...Dacier and 23 top lawyers from other Fortune 1000 companies — including McDonalds, CBS Corporation, Verizon, TIAA-CREF — have signed a letter pledging to uphold an ABA Resolution that seeks to [address the lack of progress on diversity at law firms]...Resolution 113 calls on clients to direct a greater percentage of the legal services they purchase to diverse attorneys. It flows from the work of the ABA’s Diversity & Inclusion 360 Commission, which was created by immediate past ABA President Paulette Brown during her 2015-2016 tenure to advance diversity...It asks law firms about their demographic profile across equity partners, non-equity partners and all other levels, and looks at leadership positions and committee compositions. The letter also states that GCs who sign onto the letter must agree to make diversity a strong factor in their hiring and firing decision of outside counsel. Roellig said the ABA will publish the names of GCs who sign on its website...

Read the full post here

Related companies: CBS McDonald's TIAA-CREF Verizon