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.