As baby boomers continue to push past 65, firms are faced with the dilemma succinctly posed by Paul McCartney, “Will they still need [them], will they still feed [them], when [they’re] 64?” Partners are invaluable contributors to law firms. Their experience and business generation are the pillars that support the behemoth of Biglaw, but concerns about mandatory retirement center around two key questions: how do we safeguard ourselves against the inevitable decline of acuity, and how do we ensure that junior partners don’t pile up on the ladder to business succession if partners postpone retirement?Read More
