Retirement Policies Still Driving Out Star Attorneys

Law360, New York (June 20, 2013, 4:15 PM EDT) -- Though firms have generally relaxed mandatory retirement ages, the policies are still driving star attorneys from their longtime homes and potentially exposing firms to age discrimination litigation.

Firms such as Nixon Peabody LLP have abandoned partnership agreements that require their attorneys to retire at a certain age, but a significant number, such as Skadden Arps Slate Meagher & Flom LLP and Jones Day, have maintained the policy. Half of the attorneys surveyed by the legal consulting firm Altman Weil Inc. in 2007 reported that their firms...
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