New programs and financial support aim to increase diversity and inclusion through from Canada legal sector
TORONTO, October 13, 2021 /CNW/ – TD Bank Group (TD) and the Canadian Association of Black Lawyers (CABL) today announced the launch of new programs aimed at supporting the professional aspirations of Black Canadian lawyers and increasing diversity and inclusion in the field of law across the country, where black lawyers continue to be grossly underrepresented, especially at senior levels.
Together, TD and CABL have designed a series of programs to accelerate the career development of black lawyers, from students to mature professionals. CABL members will have access to meaningful individual and group coaching, networking, mentoring and career growth advice, as well as personalized financial planning and wealth management support from the from TD. These efforts aim to close the opportunity gap for Black Canadian lawyers and foster a more equitable Canadian legal industry.
“Working with the Canadian Association of Black Lawyers, we have developed a collaborative approach that brings together our philanthropy, our people and our business, and aims to change the future of the legal profession in Canada and support the career aspirations of many black lawyers,” Norie Campbell said. , Group Head and General Counsel, and Head of TD’s Environmental, Social and Governance (ESG) Strategy.
In the first cohort of the program, TD paired 15 CABA members with experienced TD lawyers to establish mutually beneficial mentoring relationships, supporting the personal and professional development of all participants. TD and CABL are committed to growing the program in the future through additional cohorts, including a second cohort launching in 2022.
TD will also support CAFB members at different stages of their careers with financial education and advice. Through TD’s Black Customer Experience team, ACBA members will have access to:
- Financial programs for legal professionals, from starting and building your practice to estate planning and philanthropic giving.
- Personal finance advice for CABL members, starting with black law students and progressing with CABL members throughout their careers, to ensure they start and stay on the right financial path .
Today’s announcement is part of TD’s broader commitment to help fight anti-Black racism and its impact. Working with Black-led, Black-supporting, and Black-focused organizations like CABL, TD invests in new opportunities that directly benefit Black communities, including advancing Black representation and supporting development and advancement of black talent.
As part of this commitment, TD is donating $200,000 over the next three years to support ACBA’s efforts to increase representation within the legal community and help remove barriers that Black lawyers may face.
With these funds, CABL will conduct a survey to obtain quantitative information from black lawyers to better understand the black experience in from Canada legal profession, especially on Bay Street. Expected data could include law school graduation rates, practice areas, location, and compensation. Survey results will be released in 2022. TD funding will also help CABL grow Canadacreating a national mentorship program focused on the career advancement of law students, including new foreign-trained lawyers and black lawyers.
“Diversity is important. Not only does having a diverse workforce expose people to different perspectives and experiences and foster better understanding, it can also fuel innovation and produce better legal and business outcomes. By working with TD, we have the opportunity to bring about real change and advancement in the representation of Black people in the legal field in Canada. Together, we are taking another step to help advance young lawyers and close the diversity gap,” said Raphael TachiePresident, Canadian Association of Black Lawyers.
By recognizing the existence of systemic anti-Black racism and the need to create opportunities for Black, Indigenous and other racialized communities, TD hopes to continue building a more inclusive society, where everyone can fully participate.
To learn how TD is working to create a more inclusive and sustainable future, check out the TD 2020 Environmental, Social and Governance (ESG) Report or the TD Ready 2020 Commitment Report which highlights progress and the impact TD has made through its corporate citizenship platform.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the fifth largest bank in North America by assets and serves more than 26 million customers across three key businesses operating in a number of locations in financial centers around the world: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing and TD Insurance; US Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance US, TD Wealth (US) and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services companies, with more than 15 million active online and mobile customers. TD had 1.7 trillion Canadian dollars in assets on July 31, 2021. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.
About the Canadian Association of Black Lawyers
The Canadian Association of Black Lawyers (CABL), formed in March 1996, is a national network of legal professionals and individuals committed to giving back to the community. CABA’s ongoing goal is to bring together legal professionals and other interested members of the community from all over Canada cultivate and maintain the Association of Black Professionals in Canada.
SOURCE TD Bank Group
For further information: Media Contacts: Heather Reinsborough, Director, Corporate and Public Affairs at TD Bank Group, [email protected]