The legal profession has long struggled with diversity and inclusion. HP Inc. took a novel step in announcing that the company may withhold legal fees from law firms that don't meet diversity staffing requirements. Kim Rivera, HP's chief legal officer and general counsel, on Tuesday detailed the genesis of the fee-holdback program—and the early responses. "I spoke to GCs and law firm partners across the country and much to my gratification, they were very open and collaborative," Rivera said.
February 14, 2017 at 06:17 PM
1 minute read
The legal profession has long struggled with diversity and inclusion. HP Inc. took a novel step in announcing that the company may withhold legal fees from law firms that don’t meet diversity staffing requirements.
Kim Rivera, HP’s chief legal officer and general counsel, revealed the new policy in a Feb. 8 letter addressed to law firm partners. Law firms that don’t meet HP’s “diversity mandate” might see their invoiced fees withheld by 10 percent.
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