Freddie Mac
In the legal industry, we have a challenge with promoting diverse talent, particularly at the senior levels of the profession. We do pretty well with diverse representation at junior levels, in part because law schools – while not graduating totally representative classes – are graduating a high percentage of women who make up more than 50% of top law school graduates and around 40% of all law school graduates. People of color are also increasingly well represented in today’s graduating law school classes. As a result, many opportunities exist to get fairly representative junior classes of lawyers into firms.
What law firms are not good at is retaining and promoting this diverse talent. If firms – or in-house legal teams – want to address this challenge and effect real change through a diversity and inclusion (D&I) strategy, several things need to work in tandem.
