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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.