“DEI remains a critical factor for general counsel seeking to engage law firms that reflect their values, and we’ve brought our industry expertise and strength in data analytics to bear in assessing how law firms are performing in this critical arena,” said Bloomberg Law President Joe Breda.
“As our DEI program has evolved over the years, so has the emphasis and importance we place on measuring progress and addressing underrepresentation through transparency in data analysis and rigorous benchmarking across various metrics, including many of those identified by Bloomberg Law’s DEI Framework,” said John Iino, Reed Smith’s global chair for diversity, equity and inclusion. “It is rewarding to be recognized by Bloomberg for the third consecutive year for the work that we put into ensuring that our DEI program is a standard bearer for the industry and serves as affirmation that our commitment to DEI is unwavering, especially at a time when diversity, equity and inclusion programs are facing significant headwinds and challenges.”
Firms’ performance was assessed across more than 85 metrics, each associated with one of the framework’s six core pillars: demographics, leadership and talent pipeline, recruitment and retention, business innovation and strategy, marketing, and diversity and inclusion in the community. Across each of these metrics, Reed Smith exceeded the average scores by all firms in the field by nearly 20 points (on a 100-point scale). The firm also received a score of 100 for disclosure, a feat it accomplished in each of the last three years.
Additional information pertaining to Bloomberg Law’s DEI Framework is available on bloomberglaw.com.