Alliance addresses increasing focus on DE&I as more than half (52%) of legal professionals say their department and companies are prioritizing vendor diversity
Onit, the leading provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, and JusticeBid, LLC, a minority-owned diversity analytics and outside counsel selection provider, today announced their technology strategic alliance. The strong alliance between Onit and JusticeBid will provide clients with tools to improve the diversity of their outside counsel and other vendors. Specifically, clients can get a better understanding of their current diversity climate and find new diverse options using JusticeBid’s outside counsel selection platform.
Earlier this year, Onit released the Enterprise Legal Reputation (ELR) Report, a three-part multinational study spotlighting the image enterprise employees have of their legal departments, the way legal professionals see their interactions with internal clients and the material impact Legal can have on its businesses — from revenue generation and operational efficiency to innovation and corporate culture. One of the ELR Report’s key findings highlighted the growing importance of vendor diversity, as half of legal professionals (52%) report their department and companies are prioritizing vendor diversity compared to the 38% whose attention is on diverse hiring initiatives.
The strategic alliance with JusticeBid exemplifies Onit’s commitment to advancing DE&I in the legal ecosystem.
“Given that Onit is a member of the legal ecosystem and with myself being a diverse attorney, we want to help move the needle of change in the legal industry,” said Stasha Jain, SVP and General Counsel at Onit. “By aligning with JusticeBid, Onit further affirms our effort to foster a more inclusive supply chain by better understanding the diversity of outside counsel and supplier diversity programs.”
Together, Onit and JusticeBid can significantly save time and money for in-house legal resources. Onit solutions help corporate legal operations departments easily manage and analyze outside legal counsel spend while JusticeBid optimizes corporate law departments’ DE&I programs by taking on the burden of the complex diversity data tracking of outside counsel.
“When corporate legal departments are looking to staff matters, JusticeBid puts DE&I front and center,” said Omar Sweiss, Founder and CEO of JusticeBid. “The power of JusticeBid’s platform is that it integrates DE&I analytics into a corporate legal department’s outside counsel management program in all types of outside counsel management scenarios — panel refresh, AFAs like time-based or fixed-fees, consolidation, rate review, matter-level, and more.”
Onit has more than 3,000 customers using its ELM and CLM solutions, and over 100 corporations access DE&I data on the JusticeBid platform, which includes data from over 225 law firms and accounts for more than 45,000 attorneys.
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