The Nonprofit Caught in the Fray of Trumps Attacks on Big Law

In the process of attacking big law firms this week, the Trump administration hinted at another potential target: a decades-old nonprofit that helps students land jobs on Wall Street.The Equal Employment Opportunity Commission sent letters to 20 law firms on Monday demanding information on their diversity, equity and inclusion, or D.E.I., efforts.All of the letters asked about Sponsors for Educational Opportunity, an organization known as SEO.The letters, and the E.E.O.C.’s interest in SEO, may ultimately amount to no more than a headache.

But in singling out the organization, President Trump has taken aim at a program that is core to diversity efforts on Wall Street and put a spotlight on the uncertain future of such efforts amid his escalating attacks on D.E.I.“For several decades, that is one of the largest providers of entry-level talent that has gone on — especially across Wall Street — to grow up and be senior-level talent across all these firms,” Porter Braswell, the founder of 2045 Studio, a membership network for professionals of color, told DealBook.“It’s an incredibly important organization that plays a very meaningful role in developing racially diverse talent,” he added.SEO helps prepare students for Wall Street careers, including by assisting them in getting internships at banks and law firms.The highly selective internship program is different from many of the recruiting organizations that have emerged in recent years to help firms quickly live up to their diversity promises.

Lawyers say it would have traditionally eschewed legal scrutiny because it was focused on providing opportunities, not fulfilling a target for diversity numbers.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we veri...