Diverse Dividends Collective focuses on equal treatment, equal opportunity, and equal access.
Legal departments want their trusted law firm partners to reflect their commitment to inclusion, but often don’t have the resources or the time to gather, analyze, and operationalize inclusion data they receive from law firms.
The Diversity Dividends Collective standardizes the requested data, collects the data on behalf of legal departments, and then presents it in a user-friendly dashboard. This gives corporate legal departments time to review their firms’ diversity data and inclusion efforts to engage in meaningful conversations with their relationship partners. Most importantly, these in-house teams make a commitment to partnering with their firms to improve their inclusion efforts.
The Diversity Dividends Collective does not encourage or require law departments or law firms to make staffing decisions based on traits protected by law. Rather, the Collective leverages the power of data to educate the legal profession on existing diversity and identify opportunities where inclusivity may be improved. Law departments and law firms are encouraged to use the Diversity Dividends Collective in tandem with other inclusivity tools and programs and are advised to seek legal counsel before implementing any actions or changes.
response rate from law firms.
outside counsel teams have been positively impacted,
legal departments have connected with 300+ law firms.
The Diversity Dividends Collective is an award-winning consortium of legal departments working together with Diversity Lab to standardize how the legal profession measures, evaluates, and drives the inclusion efforts of outside counsel teams.
The Collective generates five main dividends for legal departments and the legal profession:
Diversity Lab minimizes the legal department resources needed to analyze outside counsel diversity efforts by helping with data collection, analytics, and resources, and providing access to the Diversity Dividends Dashboard that evaluates each legal department’s top 20 firms.
Participating legal departments are asked to:
Ask their top 20 participating law firms to complete the Annual Outside Counsel Evaluation each year.
Step 1
As part of the evaluation, participating law firms are asked to complete the Inclusion Blueprint every other year.
Step 2
Engage in follow-up conversations with their top law firms, leveraging various resources provided by Diversity Lab, including a customized Dashboard, as seen below:
Step 3
Participate in quarterly community calls with fellow legal department members.
Step 4
In its second year, 620+ client teams from more than 320 law firms received Diversity Dividends evaluations, including:
There are currently 40+ legal departments participating, including:
Accenture
Alcoa Corporation
Arrow Electronics
athenahealth, Inc.
Axiom Law
Beazley
Cargill, Inc.
CDW
Con Edison
Constellation Energy
Corning Incorporated
Dana-Farber Cancer Institute
Discover Financial Services
HP Inc.
IDEXX Laboratories
Jones Lang LaSalle (JLL)
M. A. Mortenson Company (Mortenson Construction)
Micron Technology
MISO
Petco Health and Wellness Company
Pinterest
PNC Bank
Port of Seattle
Relativity
Saint-Gobain Corp.
St. Jude Children’s Research Hospital
State Street
Sunrun
Takeda
The Goodyear Tire & Rubber Company
The New York Times Company
Tapestry
U.S. Bank
United States Steel Corporation
Xcel Energy
