July/August 2024 Law firms that call me to discuss partner retirement and succession processes almost always ask about “best practices.” Because there has not been much interest or activity regarding partner retirement until recently, there are no clear answers. I tell them about various firm policies and practices that I consider excellent, and also suggest …
Have you noticed that retirement has become a popular topic of books, articles, webinars, and other media? The attention is warranted – and urgent- because more people are reaching what we think of as “retirement age” than ever before in history: more than 4.1 million Americans each year, or more than 11,200 people every day, …
In the last few weeks we have witnessed this question play out on the national stage. The events that led to President Biden’s decision not to seek re-election was a lesson for law firm partners of any age about the need to accept and plan for retirement. I have written and spoken frequently about how …
We need to rethink retirement. The common concept of retirement is loaded with negative implications. It suggests withdrawal from work and meaningful activity, and evokes images of doddering old people whose lives are marked by irrelevance, boredom or senility. It’s no wonder lawyers dread the prospect of retirement. Senior partners have spent decades as leaders, …
On April 21-22, I attended the Law Without Walls (LWOW) ConPosium at the University of Miami Law School. Hackathons are now common in law, but LWOW is not your typical hackathon. LWOW is a new and unique model of legal learning that unites students, faculty, law practitioners, and entrepreneurs from around the world “to accelerate innovation at the …