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Transformation
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Spoor & Fisher has committed itself to black economic empowerment (BEE). The firm has adopted a multi-pronged BEE policy, aimed at addressing all of the recognised BEE indicators.
One of the most important areas of BEE is ownership. Currently, Spoor & Fisher has four black partners. In 2005, we adopted a policy committing us to an interim target of 25% black owned equity in the firm by the end of 2008. We expect the Legal Services Charter to set a higher target and are planning accordingly.
Our preferred approach to achieving such ownership targets is the internal training and development of suitable candidates to partnership level, and with this in mind we have greatly increased our intake of young black professionals and trainees. Accordingly, we give preference to BEE candidates in the hiring program of the firm for both professional and non-professional staff positions.
In other areas, we have both internal and external bursary programmes in place. The internal program is aimed at assisting the families and dependants of staff members to improve their education. The external program supports science and engineering students at tertiary level, with a no-strings attached bursary. In 2007 we expect to have three university students on this program. A program of internal skills development and training is in place to equip professionals for advancement within the firm. The program focuses on development of professional skills, legal management skills and involvement with major clients of the firm. A further program targets non-professional support staff. Our policy is to ensure representation of black employees and partners at all levels of management. Affirmative procurement is another focus area which we are addressing with a robust policy.
In a recent exercise conducted to assess our compliance with Broad Based Black Economic Empowerment criteria, the firm scored as a Level 6 BBBEE contributor. However this is merely a milestone, and we are committed to pursuing true empowerment.
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