Page 26 - Transformation Report.indd

17. CONCLUSION

The above Report provides an overview of the important position transformation
holds within the Group and why the focus on diversity and transformation is
held as a core value by all firms. This is evidenced through the extensive
expenditure on various aspects of BEE and transformation by member firms
as summarised by the table below:

BEE Expenditure Cost of Group Firms during 2015* Total
Annual Verification Cost of Firms R200 000.00
Annual Employment Equity and Skills Development Support R240 000.00
Group Graduate Recruitment R300 000.00
Phatshoane Henney Bursary Programme R380 000.00

Skills Development Expenditure R2 500 000.00
Phatshoane Henney Training Academy R3 500 000.00
Enterprise Development Expenditure R2 500 000.00
Pro Bono Support R3 500 000.00
Socio-economic Development Expenditure R1 500 000.00
Community Support Expenditure R750 000.00

Black Legal Service Provider Expenditure R9 600 000.00
BEE Procurement Expenditure R30 400 000.00
R55 370 000.00
*Costs have been rounded off for ease of use. Most costs drawn from formal BEE verification
results of firms during 2015.

Transformation is a continuing goal of the Group which moves beyond
monetary expenditure, with much of the true investment in transformation
and black and women empowerment as well as community support not
being quantifiable in monetary terms. The above expenditure is clear
validation that firms are making the necessary investment, with the real
confirmation of the commitment to change to come from the transformation
of each firm and its profile to truly be seen and experienced as new breed
of empowered law firm.

24 setting the standard