The need for the legal industry to address issues of diversity, equity and inclusion (DEI) touches on numerous areas, from hiring, to everyday interactions, development and advancement, and client team staffing and succession.
In a new podcast on the Thomson Reuters Institute Market Insights channel, Goodwin’s Theresa DeLoach, Director of Client Development for the firm’s Financial Industry Group, and Lucy Fato, Executive Vice President, General Counsel, and Global Head of Communications and Government Affairs at AIG, discuss how the legal industry is approaching DEI and what roles both law firms and corporate legal departments can play.
The two discuss how to increase DEI within the legal industry and the important role that collaboration between corporate legal departments and their external law firms can play in achieving more equitable work assignments and diversity of thought on teams. Also, they look at the relationship between executive leadership compensation and efforts to drive further DEI initiatives.
In addition, the discussion dives into recent commitments that both AIG and Goodwin have made to increase the representation of lawyers from underrepresented groups, and Goodwin’s launch of its Black anti-racism task force.
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