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LNB NEWS: Law Society announces support for recommendations to promote socio-economic diversity among senior leaders

02 December 2022
Categories: Legal News , Career focus , Diversity , Profession , Employment
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The Law Society of England and Wales has welcomed the final report from the City of London’s Socio-Economic Diversity Taskforce which outlines its five-point pathway of tangible steps for organisations in the financial and professional services sector to achieve socio-economic diversity at senior leadership level. 

Lexis®Library update: The taskforce’s roadmap sets out how employers can speed up progress and achieve equity of progression. The report includes the taskforce’s vision that 50% of senior leaders should come from a non-professional background by 2030.

The Law Society supports the five-point pathway of actionable steps that organisations of any size can take, alongside recommendations for the government, regulators and sector bodies who will support employers over the next seven years.

The key recommendations for employers included in the five-point pathway are:

• assign a senior leader responsible for socio-economic diversity

• collect data on employee socio-economic backgrounds within two years

• take action to increase socio-economic diversity at senior levels and monitor what works

• set targets based on data, considering the specific context, such as starting point, size, location, subsector

• publish data and what interventions have worked

The Taskforce’s report, ‘Breaking the Class Barrier Recommendations’, can be found here.

Source: Law Society backs calls for step-change in socio-economic diversity by 2030

This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 1 December 2022 and is published with permission. Further information can be found at: www.lexisnexis.co.uk.

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