With the dollar amount of their 401(k) plans decreasing, the age when many partners expect to retire is increasing. The dream of trading in timesheets for the tropics has been delayed, and that means partners are looking to stay at firms even longer. The ramifications of this phenomenon have their pluses and minuses. People in their early 60s who would normally have been close to retirement are now working full bore, Frank D'Amore of Attorney Career Catalysts says.
Recession Pushes Back Retirement for Some
The Legal Intelligencer
August 4, 2009