Do companies value diversity in their legal hiring practices?

by Laxmi Stebbins Wordham on September 14, 2008 · 0 comments

in Legal News and Trends

[Corrected] A new Minority Corporate Counsel Association survey of corporate counsel shows a slight increase in the number of women in general counsel positions. That’s encouraging. What’s not encouraging is that even now, only 18.4 percent of these positions are held by women.

Companies considering hiring or promoting a new GC might want to consider another result from the MCCA report: While profits were down 17.8 percent overall for the Fortune 500, those companies in it that had women GCs saw their profits rise 12.5 percent.

Women make up about a third of all lawyers in the United States, and their numbers grow every year. Why aren’t there more women GCs?

(Thanks to Diane Nowak-Waring of the MCCA for correcting errors in the original version of this post.)

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