Shearman & Sterling has introduced new powers to allow partners to stay on beyond the normal retirement age of 65, a change it is believed was made for the benefit of heavyweight German managing partner Georg Thoma. Under the new terms, the US firm's policy committee will have the power to allow certain partners to retain their status beyond the normal retirement age.
March 28, 2007 at 11:27 PM
1 minute read
The original version of this story was published on Legalweek
Shearman & Sterling has introduced new powers to allow partners to stay on beyond the normal retirement age of 65, a change it is believed was made for the benefit of heavyweight German managing partner Georg Thoma.
Under the new terms, the US firm’s policy committee will have the power to allow certain partners to retain their status beyond the normal retirement age.
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