Going Public: Diversity Disclosures by Large U. K. Law Firms

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Going Public: Diversity Disclosures by Large U. K. Law Firms. / Vaughan, Steven.

In: Fordham Law Review, Vol. 83, No. 5, 01.04.2015, p. 2301-2324.

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@article{090766a5c2954e8d842be798dd39dd12,
title = "Going Public: Diversity Disclosures by Large U. K. Law Firms",
abstract = "The Legal Services Board (LSB) has been the parent regulator of legalservices in England and Wales since 2009. Born of the wide-rangingreforms introduced by the Legal Services Act 2007 (LSA), the LSB istasked with promoting the regulatory objectives contained within the LSA,including “encouraging an independent, strong, diverse and effective legalprofession.”1 In July 2011, the LSB introduced a rule requiring thecollection of data on workforce diversity and the publication of that data bythe legal profession. This was the first—and indeed, is the only—directregulatory intervention taken with regard to diversity in the legalprofession.2 The LSB{\textquoteright}s reporting rule forms the heart of this Article.Three arguments are put forward in this Article. The first is that theLSB{\textquoteright}s rule was not necessary, as the majority of large law firms in theUnited Kingdom were already disclosing, without regulatory interventioninto the market, some diversity data. The second is that, even if there weregood grounds for the LSB{\textquoteright}s rule, it was likely to face significant challenges.The third argument in this Article is that the operationalization of theLSB{\textquoteright}s reporting rule has left much to be desired. ",
keywords = "diversity, legal profession, CSR",
author = "Steven Vaughan",
year = "2015",
month = apr,
day = "1",
language = "English",
volume = "83",
pages = "2301--2324",
journal = "Fordham Law Review",
issn = "0015-704X",
publisher = "Fordham University School of Law",
number = "5",

}

RIS

TY - JOUR

T1 - Going Public: Diversity Disclosures by Large U. K. Law Firms

AU - Vaughan, Steven

PY - 2015/4/1

Y1 - 2015/4/1

N2 - The Legal Services Board (LSB) has been the parent regulator of legalservices in England and Wales since 2009. Born of the wide-rangingreforms introduced by the Legal Services Act 2007 (LSA), the LSB istasked with promoting the regulatory objectives contained within the LSA,including “encouraging an independent, strong, diverse and effective legalprofession.”1 In July 2011, the LSB introduced a rule requiring thecollection of data on workforce diversity and the publication of that data bythe legal profession. This was the first—and indeed, is the only—directregulatory intervention taken with regard to diversity in the legalprofession.2 The LSB’s reporting rule forms the heart of this Article.Three arguments are put forward in this Article. The first is that theLSB’s rule was not necessary, as the majority of large law firms in theUnited Kingdom were already disclosing, without regulatory interventioninto the market, some diversity data. The second is that, even if there weregood grounds for the LSB’s rule, it was likely to face significant challenges.The third argument in this Article is that the operationalization of theLSB’s reporting rule has left much to be desired.

AB - The Legal Services Board (LSB) has been the parent regulator of legalservices in England and Wales since 2009. Born of the wide-rangingreforms introduced by the Legal Services Act 2007 (LSA), the LSB istasked with promoting the regulatory objectives contained within the LSA,including “encouraging an independent, strong, diverse and effective legalprofession.”1 In July 2011, the LSB introduced a rule requiring thecollection of data on workforce diversity and the publication of that data bythe legal profession. This was the first—and indeed, is the only—directregulatory intervention taken with regard to diversity in the legalprofession.2 The LSB’s reporting rule forms the heart of this Article.Three arguments are put forward in this Article. The first is that theLSB’s rule was not necessary, as the majority of large law firms in theUnited Kingdom were already disclosing, without regulatory interventioninto the market, some diversity data. The second is that, even if there weregood grounds for the LSB’s rule, it was likely to face significant challenges.The third argument in this Article is that the operationalization of theLSB’s reporting rule has left much to be desired.

KW - diversity

KW - legal profession

KW - CSR

M3 - Article

VL - 83

SP - 2301

EP - 2324

JO - Fordham Law Review

JF - Fordham Law Review

SN - 0015-704X

IS - 5

ER -