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07 December 2022
Categories: Legal News , Profession , Diversity , Equality
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Diversity Taskforce: smashing the class ceiling

50% of senior leaders in the financial and professional services sector should come from a non-professional background by 2030, the City of London’s Socio-Economic Diversity Taskforce has urged in its final report.

Welcoming the report, published last week, Lubna Shuja, president of the Law Society, said: ‘Where you start in life should not determine where you end up.’

The Taskforce has set out a five-point pathway to boost social mobility: assigning accountability to senior leaders; collecting data on employee backgrounds within the next two years; taking action to increase diversity at senior levels and monitoring what works; setting goals; and publishing data.

Shuja said: ‘The legal sector is leading on diversity data collection, including socio-economic background, as this is mandatory for law firms.

‘We know there is already great work underway to remove barriers to entry and progression for solicitors from non-professional backgrounds. Our focus will be on supporting firms to set their own goals for success and publishing their data in the coming years.’

MOVERS & SHAKERS

Haynes Boone—Jeremy Cross

Haynes Boone—Jeremy Cross

Firm strengthens global fund finance practice with London partner hire.

DWF—Stephen Webb

DWF—Stephen Webb

Partner and head of national planning team appointed

mfg Solicitors—Nick Little

mfg Solicitors—Nick Little

Corporate team expands in Birmingham with partner hire

NEWS
Contract damages are usually assessed at the date of breach—but not always. Writing in NLJ this week, Ian Gascoigne, knowledge lawyer at LexisNexis, examines the growing body of cases where courts have allowed later events to reshape compensation
The Supreme Court has restored ‘doctrinal coherence’ to unfair prejudice litigation, writes Natalie Quinlivan, partner at Fieldfisher LLP, in this week' NLJ
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
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