In a hackathon press release, the group is described as being focused on “innovative ways to close the gender gap and boost diversity in law firms and legal departments by leveraging data, behavioral science and design thinking.” “In-house legal departments have been gently nudging law firms to increase their diversity for decades,” she adds.
“This is a way for the legal departments to say: ‘We’re not just wagging a finger at you; we’re supporting you being mindful, innovative and thoughtful about how you approach diversity and what you do to get it.’ ” Stacy, who previously did recruitment and training for Arnold & Porter and Weil, Gotshal & Manges, acknowledges that some law firms say they’d like more diverse leadership but blame the fact that they haven’t established that on “a pipeline issue.” “In reality, there are plenty of qualified diverse lawyers—specifically women—in the pipeline, at least initially,” she says. Of course not,” she says when asked about the Diversity Lab project.
“We all feel that the profession as a whole—including our firm—has a lot more to do.” Indeed, in 2016 only 18.1 percent of equity partners were women, and 5.8 percent were racial or ethnic minorities, according to the National Association for Law Placement.
Rather than focus on current data about how many women and people of color are in leadership positions at law firms, the goal of the Mansfield rule project is to encourage the firms to be more mindful about their candidate pools, pipeline and succession planning, says Caren Ulrich Stacy, the Diversity Lab’s CEO.
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“After the central bank, Ministry of Finance, and CSRC joined hands to make commitments to the market to provide liquidity, market confidence is restored,” Yang Xiaolei, analyst at Hu An Fund in Shanghai told Quartz.
Its goal is to increase retirement savings and reduce poverty among retirees.
Funds contributed are considered private property and not available to the state. The law applies to profit and non-profit employers in Illinois if: Illinois employers already offering an employer-sponsored retirement plan are exempt from the new law.
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