Major Companies Pledge $30 Million to Minority- and Women-Owned Law Firms

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We’ve written before about how Susan Blount, the general counsel of the insurance giant Prudential Financial, took a hard line this year on the hourly rates it would pay its outside law firms. Now Blount and Prudential are part of another initiative that will change the way the company does business with firms. Prudential and about a dozen other companies, including DuPont and Microsoft, pledged Thursday to spend $30 million in 2010 on minority- and women-owned law firms.

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