As the baby boomer generation grays over the next few years, hundreds of thousands of lawyers will face a possible career transition. An estimated 250,000 are expected to start retiring by 2011. Though some may retire by choice, many more will likely be forced out of their firms by mandatory retirement policies. What will these individuals do with themselves? Some may work pro bono, others may move to smaller firms, and yet others will leave the firm but continue to check in with former clients. Firms vary as well, on how they implement their retirement policies. They may, for instance, be more lenient with top-producers than they are with less profitable attorneys.
Source: www.nylawyer.com