Via Ted Frank, Wal-Mart will require the law firms it uses to demonstrate that minorities and women are in high ranking positions:
Wal-Mart's move, sent in a letter to outside counsel last month, upped the ante.The entire article is a must read.Once the retailing giant gets lists of attorneys from its outside firms, due in mid-July, it will start weeding accordingly, Mars said. "We'll be making more decisions to retain and terminate firms [at that point]," he said.
"We are terminating a firm right now strictly because of their inability to grasp our diversity expectations," he added.
NO LONGER ENOUGH
Wal-Mart's new policy signals a growing determination by corporate legal departments to pressure outside counsel. It is no longer enough, the general counsel at the symposium said, to raise the numbers of women and minority lawyers in a firm's lower ranks if its upper echelons remain an exclusive club for white men.
Posted by Kevin on July, 6 2005 at 08:33 AM
