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Ed. note: Welcome to our daily feature, Quote of the Day.
Lots of clients are wanting to do audits, review all DEI efforts, board diversity, socially conscious investing to assess risk and figure out what — if any — changes they want to make. There is a never ending tide of stuff.
Right now, you need a lot of creativity and tolerance for risk. All of the banks I have been talking to, their view is we are not going to overreact and abandon our programs. ‘We don’t want this place to look like it did in 1950. We want to do it in a lawful way but we’re not going to run away from it.’
— Jason Schwartz, a partner who runs a DEI taskforce at Gibson Dunn, in comments given to Bloomberg Law on the whirlwind of work concerning corporate diversity programming that has resulted from the Supreme Court’s dismantling of affirmative action.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.
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