Question
You are a management consultant for a 30-year-old partner in a large law firm. In a meeting, your client says: According to an article in
You are a management consultant for a 30-year-old partner in a large law firm. In a meeting, your client says: "According to an article in The New York Times, 57 percent of large law firms have a mandatory retirement age for partners in the firm. Before they retire, partners are paid directly for the work that they do, and, as an owners, they are entitled to a share of the profits of the firm. Once they retire, partners do not receive either form of compensation. In light of this, I think we should eliminate mandatory retirement in order to gain a competitive advantage in attracting high-quality lawyers to work for our firm. Of course, you are the expert." What do you recommend? Explain.
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