United States:
BigLaw's Sustainability Pro Bono Drive Blew Past $15M Goal
02 December 2020
Morrison & Foerster LLP
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Suz Mac Cormac spoke to Law360 about the
Lawyers for a Sustainable Economy (LSE) initiative, which gives
attorneys the opportunity to donate pro bono time to climate change
and sustainability issues.
According to Suz, who chairs Morrison & Foerster's
Energy and Social Enterprise and Impact Investing practices, the
firm initially committed to donate $2 million in pro bono work to
the campaign, but in the end, lawyers of all experience ended up
contributing about 10,000 hours of work, valued at an estimated $7
million, to the cause.
"More law firms (and partners) are gradually waking up to
the existential threat that climate change poses to all of
us," she added. "Law firms are more attractive to
associates (both from law school and laterals) if we focus on
climate."
Suz added that Morrison & Foerster will continue to look for
new ways for attorneys to get involved in the LSE program.
"My expertise is on corporate solutions to mitigate climate
that can be used by anybody, whether it's aggregating capital
or corporate form or deploying capital," she said. "And
we want to open source a lot more of that. I feel like we are going
to invest even further in helping our clients to manage climate
risks, but also to look for opportunities."
Read the full article.
Originally published by Law360
Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.
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