diversity in the legal profession
Researchers examined the relationship between level of diversity at leadership levels and the company financial performance. Diversity was defined as women and people of color. There was a statistically significant relationship between a more diverse leadership team and better financial performance. Companies with leadership in the top 25% of racial diversity were 30% more likely to have financial returns above their industry median. Companies with lower than average diversity were lagging in financial returns.
Hunt, Vivian; Layton, Dennis; and Prince, Sara, "Diversity Matters" (2014). Legal Profession. 2.