Equity Track Program
The MCCA developed the Equity Track Program (“Equity Track” or “Program”) in 2016 to address the lack of diversity within the equity partnership levels at majority law firms as reported by our Law Firm Diversity Survey. After its initial launch, MCCA received feedback and paused to redesign a more comprehensive Equity Track Program.
We relaunched the Program in 2019 to address the continuing lack of diversity at the highest partnership levels in our largest law firms in the U.S. The Equity Track is a twelve-month program and we will select ten underrepresented racial/ethnic group income partners at major law firms for the 2020-2021 Program. Underrepresented racial/ethnic group is defined as African American/Black, Asian American/Pacific Islander, Hispanic/Latinx, Native American/Indigenous, and Multiracial.
The Program is designed to achieve three goals: identify, develop and promote underrepresented racial/ethnic group partners to achieve and maintain equity status within their firms.
We will develop the 2020 cohort by providing the following interactive classroom programs: (i) developing relationships that will turn into business; (ii) refining executive presence and communicating with confidence; (iii) mock pitch sessions with senior in-house lawyers; and (iv) navigating politics of billing and origination credit.
The “Kitchen Cabinet” panel comprised of a rainmaker from each partner’s firm, a senior in-house lawyer who has authority to provide a book of business and make introductions to other senior in-house lawyers and an executive coach will focus on promoting the partner during the twelve months but, hopefully beyond. There is no guarantee of business from the in-house counsel.
The 2020-2021 Equity Track application is now closed.
To view an example of this past year’s application, please click here.