Almost no City law firms keep Partners on beyond 55. In some firms Partners turning 50 have to make the business case to their colleagues as to why they should be allowed to stay.
There is a classic catch 22. If they have been doing their job properly, their colleagues expect them to be burned out and ready to retire at 50. Younger "high" performers believe if they are not burned out, that they have not been doing their job properly, so challenge why to keep them on.
In truth, performance is king not age.
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These are bleak times. I hope you can make some sense of it.
ReplyDeleteThank you for stopping by synchronizing amid the hubbub!