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Sprinting Toward a Brick Wall

By Alan R. Olson
September 05, 2006

It's strange to be discussing retirement as applied to one's peers and 'older siblings,' and stranger still to feel burgeoning empathy. Wasn't it last month that we were the youngsters of our firms, revering our senior partners' depth and longevity? Wasn't it last year when we graduated law school?

The Baby-Boomer generation entered the practice of law in unprecedented numbers, carrying lofty expectations and the collective willpower to engender unprecedented billable hours. Now this tsunami of active lawyers is moving toward senior status, phase-down and retirement. Despite the complex emotions engendered by retirement, the Baby-Boomer generation of lawyers ' and the law firms in which they have participated or help build ' must plan their future. The alternative ' 'I will work my 2000 billable hours until I retire to the beach' ' can be likened to sprinting toward a brick wall.Not a very realistic course, and one bound to hurt.

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