A recent study shows that roughly 85 percent of law firm managing partners ay top U.S. law firms are in the 50 to 65-year-old age group, according to research from legal marketer Heather Morse.dotshock
Her report also found that 12 percent of law firm leaders between 65 and 85 years of age and only 3 percent are between 32 and 50.
According to Dealbook, which has reported on the statistics: “a generational divide is percolating just under the surface [in law firms]. Rising associates in the millennial generation, worried about the future, are pushing up against the current law firm leaders, who are almost uniformly older men intent on staying for a few more years to top off very successful careers.’
Indiana University law professor William Henderson was quoted by Dealbook as saying that he is not aware of any law firms that have made what he called “a millennial shift”.
Source: ABA
