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.