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NEW YORK, April 29, 2008: Vault.com and the Minority Corporate Counsel
Association (MCCA) have announced the launch of the Law Firm Diversity Database, an
innovative online tool that enables users to compare law firms on a number of diversity
performance measures. This service was developed for corporate counsel to provide
them with statistics and other crucial information on diversity at over 200 firms
nationwide. The online database was created in cooperation with Accenture, Bank of
America, Microsoft, PPG Industries, Sara Lee, and Wal-Mart, and is located at
http://extranet.vault.com/lawdiversity
.
The database was unveiled last week at the Call to Action Summit, a three-day meeting
of corporate general counsel and law firm managing partners devoted to increasing
diversity at the nation’s top law firms. Diversity and inclusion issues in the legal sector
were discussed to address the fact that law firms are facing increased pressure from
corporate clients -- especially public companies and global businesses -- to have a more
diverse staff.
The Law Firm Diversity Database contains both quantitative and qualitative data
regarding diversity programs at firms, the leadership of these initiatives, and the firms’
action plans to increase the hiring and retention of a diverse staff. For the past four years,
Vault and the MCCA have published the
Vault/MCCA Guide to Law Firm DiversityPrograms
. The information in this guide, gleaned from responses to the Vault/MCCADiversity Survey, is translated into a database that will enable the corporate counsel
community to evaluate and make meaningful comparisons among outside counsel in
terms of their diversity efforts.
“Until Vault and MCCA teamed up on this project, there had been no meaningful effort
to gather information of this type and disseminate it to the law community,” says Samer
Hamadeh, COO, Vault.com. “With the Law Firm Diversity Database, we have now
harnessed technology to facilitate the collection and analysis of the data. Coupled with
distribution on the Internet, we have created a powerful mechanism to influence firms to
make diversity more of a priority.”
“This new online tool enables users to call up a list of law firms and do side by side
comparisons using one or any number of diversity performance measures captured
through the survey,” says Veta Richardson, Executive Director, MCCA. “This allows
‘apples-to-apples’ comparisons that will facilitate a better understanding of how firms
measure up to each other. It will also enable users to look back on a period of years of
progress or lack thereof.”
MCCA and Vault credit Jim Diggs, Senior Vice President, General Counsel & Secretary,
PPG Industries, Inc. for the idea of creating a standardized approach to a diversity survey.
“Quality legal services can and should be provided by a diverse and inclusive legal
team,” Mr. Diggs says. “We know that building diverse and inclusive workforces
enables us to achieve greater levels of success in the global and highly competitive
marketplace where we do business each day. This resource summarizes what large law
firms throughout the country are doing to advance diversity. Moreover, it allows the
general counsel community to make meaningful comparisons among those law firms that
strive for our business.”
Using the Law Firm Diversity Database, company leaders can learn the percentage of
minorities employed by firms in a variety of categories, ranging from full-time associate
to equity partner to management roles. Demographic categories currently represented in
the database include minority men, minority women, white women and GLBT attorneys.
In the future, the database will include statistics for attorneys with disabilities, as well as
expanded racial/ethnic breakdowns. The database also features self-reported profiles
from law firms describing their diversity initiatives. These profiles include information
on how firm leadership communicates the importance of diversity to staff members, and
the ways leadership is held accountable for achieving results.
The Vault/MCCA database confirms that the minority presence at the nation’s top firms
is small but steadily growing. With this new tool, corporations, law firms and
prospective employees will get a window into how firms across the country are
addressing the issue of diversity. Corporations will have crucial information at their
disposal for hiring outside firms, and law firms can see where they stand in comparison to
peer firms, thereby encouraging their efforts toward a more diverse workplace.
Graduating law students and other job seekers also will have a tool to use when they are
making decisions on where to apply for positions at law firms or where to accept job
offers.
About Vault.com
Vault is the leading media company focused on careers. Vault offers over 100 online and
print books, from the best-selling
Vault Guide to the Top 100 Law Firms to the VaultGuide to Schmoozing
. Vault is celebrated for its online resource, www.vault.com, whichfeatures thousands of company and university profiles, information on hundreds of
occupations and industries, articles on a multitude of workplace topics, a network of
message boards for professionals with over 2,200,000 posts and jobs-related video, blogs
and research tools. Its clients include nearly 1,000 advertisers and recruiters, over 900
universities and graduate schools, and over 7,000,000 consumers worldwide.
Maintaining offices in New York, London, Mumbai, and Hong Kong, Vault was founded
in 1996 by Hussam Hamadeh, Samer Hamadeh, and Mark Oldman and recently received
a majority investment from Veronis Suhler Stevenson, a $5 billion private-equity firm
focused on media and communications.
About MCCA
MCCA was founded in 1997 to advocate for the expanded hiring, promotion, and
retention of minority attorneys in corporate legal departments and the law firms that serve
them. In addition, MCCA stimulates an ongoing dialogue of diversity ‘best practices.’
MCCA accomplishes its mission through the collection and dissemination of information
on diversity in the legal profession. Because MCCA seeks to advance diversity, its
research, publications and educational programs address issues faced by those outside the
majority and this includes women, GLBT, and physically challenged attorneys; although
the challenges faced by lawyers of color remain MCCA’s primary focus. MCCA’s
headquarters are in Washington, D.C., and it also has an office in Atlanta.
For more information about Vault.com, please contact:
Melanie London
646-792-6355
For more information about the MCCA, please contact:
Diane Nowak-Waring or Court Blatchford
301-261-1570
mediarelations@mcca.com
