The American Bar Association (ABA) estimates that 50 percent of all partners in the nation’s top 200 law firms were born between 1946 and 1964. The preliminary results of legal search firm Major, Lindsey & Africa’s 2016 Partner Compensation Survey show that in the next five years, “one in six — 16 percent — of current partners will retire, and 38 percent in the next decade.” This will be a significant talent drain for the legal industry and a major generational leadership transition for management. Read More
