Diversity A Business Necessity For Law Firms, Expert Says

Law360, New York (August 2, 2013, 9:04 PM EDT) -- Law firm diversity not only makes business sense but it may become vital to retaining client business as firms lose leverage at the bargaining table in a changing legal environment, a leading legal industry diversity advocate told Law360 on Friday.

As firm business models adapt to increasingly frugal client budgets, diversity becomes a significant factor for clients seeking legal representation that suits their business models — and their customers, according to Lori L. Lorenzo, deputy director of the Leadership Council on Legal Diversity.

“One of the driving factors in recent years is the shift in the business model of the legal...

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