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Law Firms' Latest Diversity Goals Focus on LGBT Issues |
 When law firms talk about diversity, it usually revolves around recruiting and retaining more lawyers of color or women. But more firms are now addressing issues facing lesbian, gay, bisexual and transgender (LGBT) employees. Newark, N.J.-based McCarter & English recently adopted a plan to offset the tax disadvantage previously faced by employees who cover same-sex domestic or civil union partners under their health insurance plans. The firm, which has a 20-lawyer Philadelphia location, said its executive committee adopted the measure unanimously. The Internal Revenue Service treats such contributions as "imputed income" to the employee. That means that, unlike those with different-sex spouses, employees who elect domestic partner benefits must pay income tax on the value of those benefits. Click here to read more.
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