Will Private Equity's Diversity Problem Improve as Clients Grow?
The private equity space is rapidly growing. Will the diversity infrastructure come with it? And will law firm private equity practices follow?
August 22, 2019 at 11:21 AM
4 minute read
The original version of this story was published on The American Lawyer
The private equity world has a longstanding reputation for lacking diversity, and the same goes for the legal teams that staff private equity matters.
A recent survey by data provider Preqin found that 5.2% of private equity firm board seats are occupied by women. Minority-owned firms account for 3.9% of all private equity firms.
On the law firm side, private equity practices have long been perceived as dominated by white men, even as other institutional clients and Fortune 500 companies continue to diversify.
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