Law Firms Weigh Retirement Rules as Baby Boomers Keep Practicing
Law firms are facing choices about how to grapple with the fact that many Baby Boomer lawyers—the massive generation born between 1946 and 1964—aren’t looking to leave their practices anytime soon, reports Bloomberg Law.
“Some firms have mandatory retirement ages and other limits on attorneys’ practices after a certain juncture. But plenty of them don’t,” points out Bloomberg correspondent Elizabeth Olson. “Whether to mandate retirement is complicated for law firms looking to continue positive relationships with longtime partners, while at the same time ensuring those partners’ client relationships are passed smoothly along to the next generation.”
Read the Bloomberg Law article.
