Law Firms Pledge $5M to Fix Legal Industry’s Diversity Problem

Five major law firms have joined together with 26 general counsel from prominent corporations to create a $5 million fund that will incubate ideas to combat the persistent problem of a lack of diversity and inclusion in the legal profession.

As part of the newly-created Move the Needle Fund, the law firms will make a large investment in measurable diversity goals that will be tracked. They’ll report on their progress via a public-facing website over the next five years.

The firms will work with each other, general counsel, and outside diversity experts to test new programs based on research. ...