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NAMWOLF Is Excited To Announce The American Bar Association Section of Litigation Has Published The Article "Uninvited: Counsel Lists And How They Limit Minority And Women Owned Law Firms'

Posted By Renecca Allen, Tuesday, December 02, 2014

Preferred Counsel lists came into widespread use in the 1990s, when minorities and women were markedly underrepresented in the legal profession. Then, as now, Preferred Counsel lists allowed companies to obtain more favorable terms with outside counsel by forming consolidated networks. In recent years, corporate law departments started using national contracts for certain types of work. Prior to the rise of Preferred Counsel lists and national contracts, insurance companies used panel counsel lists. Companies retain these lists for years, often listing law firms of retained lawyers who have long left those firms. Companies’ continued use of the law firms on these lists, and the creation of new such lists, has had the unfortunate consequence of perpetuating historic inequality, and of causing the companies using them to miss out on the business advantages of having more diverse counsel.

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