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Succession Planning

Mandatory Law Firm Retirement, Succession Planning, And You

 

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While the bell curve of aging lawyers is just moving to the right, firms may have to rethink their insistence on mandatory retirement and succession planning. One suggestion: not all sixty-five year old are made equally, but if you have made it in Big law for this long, chances are you still retain the bulk of your talents and even fire in the belly. The experience and practice of a lawyer is what matters; the idea of an absolute age of futility is superficial. Too many firms are strict in their insistence of mandatory retirement dates as absolute. This hurts both the lawyer and the firm, especially if there is no succession plan in place.Read More