Coca-Cola’s legal department penned a letter to its U.S. outside counsel on January 28 stating law firms that want to work with Coca-Cola must “commit that at least 30 percent of each of billed associate and partner time will be from diverse attorneys, and of such amounts at least half will be from black attorneys.” But the “ultimate aspiration” will be at least 50 percent, with at least half that amount from black attorneys. For new matters, a law firm’s failure to comply with these diversity guidelines after two quarterly reviews will result in a non-refundable 30 percent reduction in fees payable going forward. Continued failure to adhere to the requirements could lead to a termination of the relationship between the firms and the soda company. However, blacks only make up 13.4 percent of the U.S. population, according to data from the U.S. Census. The number of black attorneys in the U.S. is disproportionally low, making up only 5 percent of all U.S. attorneys, the American Bar Association reported in 2020. “The time has come for us to stop championing good intentions and motivations, and instead, reward action and results. Quite simply, this is now an expectation,” Coca-Cola senior vice president and general counsel Bradley Gayton said in a statement attached to the letter. “My hope is that our law firm partners view this as an opportunity to effect real systemic change and that others, both within and outside of the legal profession, take inspiration and join with similar commitments of their own,” the statement continued.
In this move to diversify besides looking where you match on the Sherwin Williams paint color strip should they also looking for diversity of thought
Any post with Trump in the title will have a far majority of posters with a Trump fetish( like the OP here)posting Triggered is the word
So forcing law firms to have a big whopping 30% diversity quota is a big deal. Like I said in an earlier related video, I hope they hire some midgets. Coca Cola should be banned in the USA anyone. Their products create disease.
Conservatives say they stand for freedom and free markets.They will quickly change their stance if it benefits minorities though.
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