Business
LPL Financial Launches Outside Counsel DEI Awards Program to Advance Diversity Within Financial Services
LPL now recognizes one firm and one champion each year that exemplify a commitment to diversity within the legal profession CHARLOTTE, N.C., May 18, 2023
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"LPL now recognizes one firm and one champion each year that exemplify a commitment to diversity within the legal profession\nCHARLOTTE, N.C., May 18, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC launched its Diversity, Equity and Inclusion (DEI) Awards program as part of its partnership with the American Bar Association and the Commission on Racial and Ethnic Diversity in the Profession, to promote diversity in the legal profession and expand opportunities for diverse professionals at all levels. This year, LPL presented two inaugural awards, an individual Diversity Champion Award and a Law Firm DEI Recognition Award. Both awards recognize law firms and attorneys who have demonstrated a commitment to advancing DEI at their firms and in their communities. “When you have a wide range of professionals from all backgrounds with different thoughts, experiences, and outlooks, you can drive the best kind of innovation. Inclusive and diverse teams make better decisions and create better results that can help deliver better capabilities to advisors,” said LPL’s Managing Director and Chief Legal Officer, Michelle Oroschakoff. Mintz is the first law firm to win LPL’s Law Firm DEI Recognition Award. Julie Korostoff, chair of IT Transactions and Outsourcing, represents the firm and has been working with LPL’s legal team for more than nine years. Mintz was selected in part for their efforts to create opportunities for diverse attorneys by increasing the representation of women, people of color, LGBTQ+, and disabled individuals on LPL matters. “Working on some of LPL’s most strategic and sensitive matters, Mintz has become a trusted advocate and a welcomed extension to the LPL family,” said Ralph DiChiara, LPL Financial senior vice president, associate general counsel. “Mintz has leveraged a diverse team of talented lawyers to bring innovation and broader perspectives to LPL’s business needs and challenges.” Alexander M. Madrid, a partner in the Pittsburgh office of McGuireWoods, is the winner of LPL’s first Diversity Champion Award. His focus on broker-dealers in regulatory and enforcement actions, as well as arbitrations and court litigation, makes him a highly valued asset to the legal team. “I am deeply honored and humbled to receive LPL’s first Diversity Champion Award. Diversity, equity, and inclusion are not buzz words – they are profound...