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Skadden launches $10m student diversity venture" />Skadden Arps Slate Meagher & Flom has ramped up its community and diversity drive with the launch of the $9.6 (£4.8m) Skadden Arps Honors Program.
If successful in the US market, the initiative has the potential to be rolled out to other offices in the firm's global network.
The programme will see students at City College of New York (CCNY) gain education and experience of the legal profession. Once fully implemented after the first intake in 2008-09, 100 students will be selected for a two-year scholarship programme consisting of an internship at the firm, assistance at law school and mentoring from Skadden lawyers.
Skadden senior partner Joe Flom said: "This is not about Skadden. This is about being socially responsible in all the communities the firm has an office in. We have always invested into diversity and this is another element of the firm's dedication in this area."
The firm has operated a fellowship scheme for 20 years in which Skadden pays the salaries of lawyers in non-profit organisations.
Last year, the scheme was extended to the UK with the firm accepting lawyer Adam Weiss into its fellowship. Weiss works for Advice on Individual Rights in Europe Centre based in the UK.
Flom said: "This is very much part of the firm's tradition. The programme is of course a work in progress. We want to monitor it and see how we can best improve and shape its future."