After William D. Bailey Jr. joined his law firm in 1960, he came to favor a mandatory retirement policy as a way to keep fresh blood pumping through the Wilmington, Del., office.
Four decades later, he was on the other side of that policy.
Hundreds of thousands of lawyers will become senior citizens in the next few years. With more than half of the large firms in the nation operating under a mandatory retirement system, the exodus from law will be profound. Some lawyers choose of counsel status, such as former Holland & Hart partner Ed Flitton, who says that with about 20 good years left, it didn't make sense for him to remain in a stressful environment. Since he retired four months ago, he has reduced his blood pressure by 10 points.
April 19, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
After William D. Bailey Jr. joined his law firm in 1960, he came to favor a mandatory retirement policy as a way to keep fresh blood pumping through the Wilmington, Del., office.
Four decades later, he was on the other side of that policy.
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