Promoting diversity in the business of law is good for business—and it's the right thing to do. Increased diversity provides clear benefits to law firms and the businesses that hire them, just as in other areas of commerce; these benefits extend from decision-making and innovation to representation that aligns with the world we live and work in.

Numerous studies have shown a strong correlation for companies with diverse leadership and teams to superior financial performance and overall better business outcomes. As reported in the Harvard Business Review, a study of venture capital firms found that "diversity significantly improves financial performance on measures such as profitable investments … and overall fund returns. … The more similar the investment partners, the lower their investments' performance."  A study by the Boston Consulting Group shows that companies with diverse leadership teams are more innovative and have 19% higher total revenue from new products and services launched over the past three years, a phenomenon BCG calls "innovation revenue." The broader range of perspectives and insights that diverse teams bring enhances problem-solving capabilities and enables companies to better understand and meet the needs of a diverse client base.