Only one in 20 partners at London’s top 10 firms are over 55, according to Legal Week research, which indicates that the UK’s legal elite have yet to face up to impending anti-discrimination laws that promise to restrict the tactic of ‘managing out’ older partners.
Data collated on the top 10 City firms found that, on average, just 6% of UK partners are older than 55. Nineteen percent of partners are over 50, after years of sustained pruning of partnerships which has seen older partners cut and mandatory retirement ages imposed.
