ARLINGTON, Va., July 18,
2024 /PRNewswire/ -- Bloomberg Law announced
that it has named 57 U.S.-based law firms to its fourth annual
Diversity, Equity, and Inclusion (DEI) Framework, a listing of law
firms that meet or exceed an established threshold of diversity,
equity, and inclusion in their firm.
Annual Bloomberg Law DEI Framework
standardizes law firm diversity metrics.
The Bloomberg Law DEI Framework is the legal industry's first
and only standardized, fully transparent methodology to measure law
firms' performance in this critical arena.
Firms were assessed based on standardized disclosure of
diversity-related data measured against standards in six pillar
areas: recruitment and retention, leadership and talent pipeline,
business strategy and innovation, firm demographics, diversity and
inclusion + marketing, and disclosure.
Submissions to this year's DEI Framework increased by 15%, the
third year in a row of double-digit growth, providing an even more
robust view of diversity in the legal industry.
The full 2024 DEI Framework report, including a detailed
methodology and lists of member firms, is available for
complimentary download at https://aboutblaw.com/beIJ.
In the four years since Bloomberg
Law launched the DEI Framework, the data shows incremental
but important changes in law firm demographics:
- Overall, 44% of firms have a succession plan in place that
specifically emphasizes greater inclusion of diverse / minority
attorneys.
- 4 in ten firms (41%) track origination credit that diverse
attorneys receive, and a quarter (27%) have a strategic plan to
improve this.
- Nearly all firms (97%) reported having a public statement
regarding their commitment to diversity and inclusion, up from 91%
last year.
- 65% of firms mandate and monitor that minority and women
attorneys have equal access to clients, quality work assignments,
committee appointments, marketing efforts and firm events, down
slightly from 72% last year and matching 2022.
This year's DEI Framework included new questions on
accessibility. The report finds that just over half (52%) of firms
have a Web Content Accessibility Guidelines (WCAG 2) compliant
website and that 80% of firms allow employees to access basic
accessibility aids like ergonomic office equipment and screen
reading software without requesting an accommodation.
"Bloomberg Law is deeply
committed to advancing diversity, equity, and inclusion in the
legal industry, and we are excited to reveal the findings from our
latest DEI Framework survey, including the 57 law firms that have
made the list this year," said Joe
Breda, president, Bloomberg
Law. "We're proud to leverage our industry expertise and
data analytics to evaluate and benchmark law firm performance in
order to help general counsel select law firms that align with
their values."
About Bloomberg
Law
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Bloomberg Law has been a trailblazer
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productivity and efficiency. For more information,
visit Bloomberg Law.
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SOURCE Bloomberg Law