Suz Mac Cormac spoke to Law360 about the Lawyers for a Sustainable Economy (LSE) initiative, which gives attorneys the opportunity to donate pro bono time to climate change and sustainability issues.
According to Suz, who chairs Morrison & Foerster’s Energy and Social Enterprise and Impact Investing practices, the firm initially committed to donate $2 million in pro bono work to the campaign, but in the end, lawyers of all experience ended up contributing about 10,000 hours of work, valued at an estimated $7 million, to the cause.
“More law firms (and partners) are gradually waking up to the existential threat that climate change poses to all of us,” she added. “Law firms are more attractive to associates (both from law school and laterals) if we focus on climate.”
Suz added that Morrison & Foerster will continue to look for new ways for attorneys to get involved in the LSE program.
“My expertise is on corporate solutions to mitigate climate that can be used by anybody, whether it’s aggregating capital or corporate form or deploying capital,” she said. “And we want to open source a lot more of that. I feel like we are going to invest even further in helping our clients to manage climate risks, but also to look for opportunities.”
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