- Minority-Owned - "Minority-owned" in this case refers to law firms where the majority of equity partners or shareholders are lawyers from minority groups presumed to be socially and economically disadvantaged and that have been certified as such by the federal or relevant state government. In the U.S., these groups include: African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans and Subcontinent Asian Americans. In South Africa, such firms are certified as "Level 1 Broad-Based Black Economic Empowerment (B-BBEE) status". In Canada, the same level of certification as in the US or South Africa is not required and there are many independent organizations that can certify law firms as qualified. Canada also has Aboriginal-owned designations.
Glossary Print
Modified on: Sun, 4 Mar, 2018 at 2:02 PM
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