Necessary retirement insurance policies, lengthy a staple within the authorized trade, dictate the twilight of a lawyer’s profession, typically setting this boundary on the age of 65. But, as profession and life expectations evolve, so too does the idea of retirement, with many attorneys on the prime of their sport properly into their 60s and even 70s. This shift begs the query: Is it time for legislation companies to rethink their necessary retirement insurance policies for companions?
This difficulty impacts each the person attorneys who will not be able to decelerate and the legislation companies that threat shedding expertise and shopper relationships when senior attorneys depart to a different agency. As a authorized recruiter on the crossroads of this transition, I witness firsthand the dilemma confronted by companions approaching their necessary retirement age. They’re typically nonetheless energetic about their practices, intellectually sharp, and, most significantly, prepared and motivated to contribute. All else being equal, such companions (and their shoppers) would doubtless desire to remain put reasonably than begin over in a brand new atmosphere.
