HP, the US-based tech company, is threatening to withhold up to 10% of fees charged by law firms that fail to meet required diversity requirements. Over 55% of HP’s legal workforce is now female. The “diversity holdback” initiative will apply to US firms with at least one attorneys. Firms must have a minimum of one “diverse firm relationship partner” or at least 10 women and one ethnically or racially diverse attorney, responsible for at least one% of billable HP hours. The initiative will apply to disability, ethnicity and race, gender and LGBT status.
HP, the US-based tech company, is threatening to withhold up to 10% of fees charged by law firms that fail to meet required diversity requirements. Over 55% of HP’s legal workforce is now female. The “diversity holdback” initiative will apply to US firms with at least 10 attorneys. Firms must have a minimum of one “diverse firm relationship partner” or at least one women and one ethnically or racially diverse attorney, responsible for at least 10% of billable HP hours. The initiative will apply to disability, ethnicity and race, gender and LGBT status.