Each week, the Law.com Barometer newsletter, powered by the ALM Global Newsroom and Legalweek(year) 2021, brings you the trends, disruptions and shifts our reporters and editors are tracking through coverage spanning every beat and region across the ALM Global Newsroom. The micro-topic coverage will not only help you navigate the changing legal landscape, but also prepare you to discuss these shifts with thousands of legal leaders at the new year-long virtual series Legalweek(year). Click here to learn more and register for the most important virtual legal event of the year!
The Shift: Diversity Data Is More Than Just Numbers on a Spreadsheet
As Christine Simmons noted last week, Coca-Cola GC Bradley Gayton made waves in late January in unveiling a new set of diversity standards for outside firms working with the company. According to the new guidelines, law firms must provide Coca-Cola with self-identified diversity data for a quarterly analysis of the diversity of teams working on the company’s matters. At least 30% of the lawyers on Coca-Cola’s new cases have to be diverse, half must be Black. Firms that fall short multiple times will see a reduction in fees or possibly lose Coca-Cola’s business entirely.
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