The heads of the heads of America's law firms are getting grayer by the day, as more and more firm leadership hits retirement age (and beyond). Nearly half of the partners in Am Law 200 firms are members of the Baby Boomer generation or older, according to a report by the American Lawyer. Boomers, the 76 million adults born during the post-WWII boom, are now anywhere between 52 and 70 years old -- prime retirement age. Sixteen percent of those partners are expected to retire within the next five years, Major, Lindsey & Africa estimates, and 38 percent will be out within 10.
What does that mean for Boomers who plan on continuing on, or the Gen X and Millennial lawyers who will be left behind?