Trevor Sterling of Moore Blatch, writing for Legal Futures, says law firms “sometimes struggle to innovate and adapt to the rhythms of modern society,” but notes the view that diversity is good for business is gaining wider traction. He points to data showing that companies in the top quartile for gender diversity outperform their competitors by 15% and those in the top quartile for ethnic diversity outperform their competitors by 35%. He goes on to highlight a lack of representation of black and minority ethnic candidates looking to the legal profession, as well as candidates from lower socio-economic backgrounds. Innovation, Mr Sterling suggests, is the key to delivering greater diversity. “The legal profession must reflect the people and values it represents, and it is through innovation that law firms can best reflect the diverse populations we serve,” he writes.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
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