Remember when we were kids, and our parents withheld our allowance or another privilege to compel certain behavior?
Or if you have kids now, and you turn off their cell phone to get across the message that you expect compliance with certain rules?
Well, say hello to some parental persuasion from Hewlett-Packard. Starting now, the rule is: be diverse or lose 10 percent of your fees.
According to Kim Rivera, chief legal officer and general counsel for HP, the company has implemented a "diversity holdback" mandate. "With this we can hold back up to 10 percent of all invoices billed by law firms that do not meet or exceed our minimal diverse staffing requirements," she said in a letter to law firm partners.