Bloomberg Law has announced that it is developing a first-of-its-kind DEI Framework that will allow law firms to demonstrate their diversity, equity and inclusion (DE&I) credentials to current and prospective clients and staff.
It’s never been more critical for law firms to demonstrate their commitment to DEI, said the company. The biggest organisations and the most promising attorneys are all looking for firms that promote equity, and rejecting those that don’t. The Bloomberg DEI Framework will be able to provide a list of law firms that meet or exceed a rising standard for DE&I at their firm.
COMMITMENT TO DIVERSITY, EQUITY & INCLUSION
Firms will be benchmarked through a comprehensive range of criteria including their programmes, policies and demographics. The baseline threshold will be determined utilising a proprietary, data-driven methodology and is being developed in collaboration with a panel of experts from industry, academia and the legal industry, confirmed Bloomberg Law.
“Our DEI Framework will be an invaluable resource for companies that are looking for a trusted third-party benchmark that can help them select diverse, equitable, and inclusive law firms – ones that reflect their corporate values,” stated Joe Breda, President of Bloomberg Law. “At the same time, law firms that participate in the DEI Framework will demonstrate their commitment to diversity, equity and inclusion to current and prospective clients and employees.”
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