Description
Diversity, equity, and inclusion (DEI) issues pose a challenge for estate planners not only within their firms, but also across their client base. Internally, firm leadership grapples with meaningful ways to address the continued disparity in representation, opportunity, and compensation when it comes to recruiting, employing, and promoting women, LGBTQ+ people, and members of racial and ethnic minority groups. Additionally, estate planners may not fully consider patterns of wealth holding and attitudes towards generational wealth planning specific to certain minority groups when attracting and serving clients.
Being familiar with the ABA model rules regarding discrimination is not enough to overcome the pervasive disparity in opportunity created by contributing factors, such as unconscious bias, when relating to colleagues and clients. Committing to a bigger investment in representation is not only good for your practice’s culture, it’s also good for business. Incorporating diversity has been proven to increase value in the workplace and to lead to better business decisions.
Join our expert faculty as they lay out consequential plans that can be readily implemented to counteract the disparity in recruiting, employing, and promoting minorities in estate planning practice, as well as increase the ability to attract new clients. Topics include:
Diversity Defined
- A look at demographics, diversity, and identity
- How it affects your firm and your clients
Why Diversity Matters in the Legal Profession
- The Business Case
- The Moral Case
Leveling the Playing Field in the Estate Planning Practice
- Overcoming challenges for leadership and lawyers
- Moving past optics to create real change
- Addressing compensation and opportunity gaps in your firm
Patterns of Wealth Accumulation
- Wealth disparities involving clients
- How cultural factors come into play
- How to build trust with underrepresented groups
- Easing common concerns for minority clients
Effect Change: Actionable Items to Put into Practice
- Initiatives law firms can take now
- Steps lawyers and individuals can undertake to improve inclusivity
- Ways to better serve minority clients