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Baby-Boomer Partners In Transition

By Sheldon I. Banoff

The ranks of law firm partnerships include tens of thousands of “baby-boomer” partners (BBPs), born between 1945 and 1955. These attorneys are now ages 50-60. Surprisingly, little has been written about the expectations and needs of BBPs or the expectations, needs and strategies (if any exist) of their law firms and fellow partners as to BBPs. (Your author falls into both camps: he is age 55 and is actively involved in the administration of a large multi-state law firm.) Moreover, law firm partners both younger and older than their BBPs may be substantially affected by their law firm's strategies for and treatment of the baby-boomer generation.

This two-part article illustrates the expectations, intentions – and tensions – of baby-boomers and their firms, respectively, by using two models. Of course, there can be as many variants as there are BBPs, with numerous potential responses to each unique situation.

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