The growth of law firms over the last two decades has produced an accompanying increase in the number of partners. The inevitable result of this increase is that many are now approaching retirement age ' however retirement age may be defined.
<b>Corner Office</b>: Are Gray-Haired Partners Expendable?
Gray-haired, older, or as I shall refer to them, senior partners, as a class, represent a challenge that most managing partners find vexing. Many firms have avoided addressing this very complex issue either because of the emotional reaction it invokes, or because they just don't see it as a real problem yet. Others have adopted the apparently simple solution of setting a mandatory retirement age at which the partner is expected to stop practicing and head for a retirement community.
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