Three of the world’s largest financial institutions now demand diversity information from their legal advisers, it has emerged, as a growing number of clients attempt to influence the level of diversity in the profession.
Financial giants Deutsche Bank, Goldman Sachs and Morgan Stanley have recently asked for firms pitching for business to give diversity statistics relating to their employees’ backgrounds in recent adviser reviews. The trio join banks including JP Morgan and Barclays, which also asked for diversity information, and HSBC, which is also looking to do the same in the future.
