Are You Indispensible?


A Mandatory Retirement Age

On Memorial Day it was my privilege to be quoted and pictured in a New York Times article about the difficulties law firms and other organizations have in enforcing a mandatory retirement age. The title, "Easing Out the Gray-Haired. Or Not," well expresses the dilemma. On the one hand, employers are reluctant to continue carrying (as they see it) older producers who no longer seem to be pulling their own weight. On the other, those individuals often still see themselves as being viable contributors and resent being forced out - to the point of filing lawsuits to stop it.

Large versus Small Law Firm Perspective

As told the reporter, there is a vastly different dynamic for this issue in large versus small law firms. In large law firms every partner targeted for retirement, forced or otherwise, was originally added to the partnership because the firm had a strategic goal for his or her practice. However, when the firm's overall strategic goal for profitability is not being met, the older partners are asked to go. The days of "professionalism" and "collegiality" are replaced by tough competitive circumstances and high financial expectations. Something has to give.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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