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Diversity Labs launches initiative to help in-house teams track law firm diversity
27 May 2021
US corporates including Gap and HP have signed up to the programme
Shutterstock Gap, Hewlett-Packard and US Bank are among 15 US corporate legal departments that have signed up to a new Diversity Lab initiative to hold law firms accountable for increasing the diversity of their teams working on matters. The Move the Needle Fund Diversity Dividends Collective aims to simplify the diversity data collection process for in-house teams and their law firms while also setting out goals to boost the diversity of external counsel teams. To help achieve that, the initiative has set out five core metrics that best measure how firms are progressing – known as the Diversity Dividends 5x5 Matrix. Those include ensuring the overall makeup of teams include women lawyers, underrepresented racial and ethnic lawyers, lawyers with disabilities and LGBTQ+ lawyers. Firms will also be judged by the r