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Retiring Boomers Pose Big Challenges for Firms

Law firms are experiencing the largest wave of retirements in history due to the aging-out of the baby boomer generation. This article discusses the implications facing both retiring lawyers and their law firms. Loeb & Loeb Chairman Michael Beck is quoted on the positive impact the firm’s lack of mandatory retirement age has had on the lateral recruitment and productivity of more senior partners. Loeb & Loeb partners Marc Cohen and Steven Rosenthal are also quoted in the article on their decision to join the firm late in their careers.

Click here to read the article on The American Lawyer’s website.