The High Cost Of BigLaw’s Lack Of Diversity

Law360, Chicago (May 17, 2016, 12:03 AM EDT) -- As the U.S. and the corporate community become increasingly diverse, the law firms that don’t make efforts to address their diversity shortcomings will fall behind the competition, experts say.

In the broader corporate community that forms BigLaw’s client base, diversity pays off. Last year, McKinsey & Co. found that companies in the highest quartile of racial or ethnic diversity are 35 percent more likely to financially outperform companies in the bottom quartile. Also last year, Bersin by Deloitte found that the highest-performing companies — with higher...
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