Firms Ignore Aging Partners At Their Own Peril

Law360, New York (June 28, 2013, 6:46 PM EDT) -- Law firms face a vexing problem in trying to respect and retain the contributions of older partners while simultaneously clearing a path for a promising younger generation to take over. But experts say firms that avoid the issue are creating a perilous situation.

On the one hand, allowing a recalcitrant older partner to dominate a client relationship or insufficiently hand it over to other members of the firm risks the loss of the client entirely when the partner finally steps away. On the other, pushing too...
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