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Professional Development: How to Be An Ally In the Legal Profession
Last year law firms sent out announcements about their commitment to Diversity, Equity, and Inclusion (DEI) efforts in response to racial tensions. Approximately 50% of respondents in a recent survey conducted by Legal Talent Advisors, LLC reported their firms' commitment to DEI stayed the same, while 42.5% reported more effort was made in 2020. One of the initiatives firms stated they implemented is a formal allyship program. However, allyship in not a program or a mindset. It is a verb.
What Is Allyship
Allyship is when a person takes concrete steps that positively impact underrepresented individuals; racially and ethnically diverse, differently abled, women and LGBTQ+ attorneys in the work environment. "Just as start-up companies need capital to build and grow, underrepresented groups need access to political capital to effect real change in an organization," explains Joy Heath Rush, CEO, ILTA (International Legal Technology Association). Like in business, allyship should be used in a strategic fashion to achieve improvements in firm policies and practices — the written ones and the unwritten ones. All firm leaders should be allies, as well as anyone in a firm who can use their influence to initiate change.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.