Bloomberg Law
Jan. 28, 2021, 10:00 AMUpdated: Jan. 28, 2021, 9:15 PM

Coke GC Tired of ‘Good Intentions,’ Wants Firm Diversity Now (1)

Ruiqi Chen
Ruiqi Chen

The Coca-Cola Company has launched one of the legal industry’s most rigorous outside counsel diversity programs yet, requiring law firms to give a portion of work to Black attorneys specifically and withholding a nonrefundable 30% of fees from those that fail to meet diverse staffing metrics.

The Atlanta-based beverage giant announced the new standards in a Jan. 28 letter to Coca-Cola’s outside firms, obtained by Bloomberg Law.

“We will no longer celebrate good intentions or highly unproductive efforts that haven’t and aren’t likely to produce better diverse staffing,” General Counsel Bradley Gayton wrote. “It’s the results that we are demanding ...

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