Many of the stories about senior partners pressured to retire so the next generation can take over are not pretty. Ironically, they clearly contradict the long-held notion of what a partnership should be at a time when less formal “partnerships” are a management buzzword for getting things done in business. (“We partner with … ” [our clients, other organizations, etc.]) And long-time partners’ needs and futures beyond financial arrangements are neglected.

For the younger generations in the workplace to get what they want, there must be something in it for the more senior people too. Here are my thoughts and recommendations.