Target Cuts Outside Firms With Diversity Lens, Legal Chief Says

Target Corp. plans to lower the number of outside law firms it uses and will examine efficiency, diversity, and risk tolerance in deciding which ones to cut, said Don Liu, the company’s chief legal and risk officer.

The retailer has begun multi-rounds of evaluating firms on their understanding of Target values and ability to help navigate legal “murky waters,” among other characteristics, Liu said in an interview. Eventually, he said he hopes to have deeper relationships with the pared-down panel of firms.

“A lot of lawyers tend to believe that the most conservative legal position is the best position—I don’t ...