How is the economy affecting law firm and corporate law department efforts to retain and promote diverse attorneys?
Valz: I wouldn’t say, in terms of attorneys who have departed Yahoo! in the last year-and-a-half, that there’s been a disproportionate impact on minority attorneys. But when you don’t have as much hiring, then obviously you can’t provide as many opportunities to minority attorneys. Weng: The economy has been so consuming for corporations and law firms that I’d have to bet that the aggregate prioritization of their diversity efforts has suffered. Gizewski: With the instability in the market, we’ve really doubled down and tripled down on our diversity and inclusion efforts. Our budget for our diversity committee has gone from about $250,000 two years ago to about $750,000 this past fiscal year because we believe that these challenging times require us to work even harder to retain, attract, and develop the best talent. Our diversity committee has about 70 people actively involved and, in addition to external outreach, we’ve found it to be a great retention tool. There’s a lot of job sati
Related Questions
- Can I tailor my choice of Law courses to specialize, say in Criminal Law, or Corporate Commercial Law, or Aboriginal Law?
- How is the economy affecting law firm and corporate law department efforts to retain and promote diverse attorneys?
- What are these pressures doing to corporate law department budgets?
