Black-Owned Law Firms Weather the Storm

January 24, 2011  |  

(Network Journal) — While many reports have documented that the African-American and Latino unemployment rate is approximately double that of the country, African-American attorneys and Black-owned law firms have not been an exception.  Diversity, Inc. the leading publication on diversity and business, the caliber of client stream is vitally important. When asked in one of the organization’s recent surveys how much work minority-owned firms obtain from Fortune 1000 companies, twelve percent noted that they receive more than 75 percent of their revenue from such sources, twenty-five percent received 50-75% of their revenue from Fortune 1000 companies while forty-six received no such work at all from such companies.

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