Law Firms Jockey to Help Companies Manage Diversity and Equity

Eric Holder was interviewed by Wall Street Journal discussing the rapidly expanding market for racial equity audits driven by increasing shareholder pressure.

“You are defending companies when it comes to these kinds of matters, but on the other side, you are trying to identify weaknesses and strengths to make recommendations for actions that will correct the negative things,” Eric said.

Eric expressed that a firm’s prior relationship with a company might raise questions, but said it’s important to make it clear to clients that the investigations aren’t intended to cover up shortcomings.

He recalled telling leaders at one company, “Here’s the deal: We’re going to do this audit, and this might be the last work we do for you, because I can assure you that we will be objective and hold nothing back. We continue to do work for that company, even though we released damning results.”

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