Partner Retirement in Law Firms

Most professionals, especially those who own all or part of their firm, find it difficult to think about retirement. Many of those who practise their chosen profession into their sixties and seventies are reluctant to contemplate life without the mental stimulation, companionship, excitement and sense of fulfilment that their work provides. To a great extent, we are what we do; winding down raises questions about self-esteem and our value to society. Professional life increasingly conditions us to place the interests of clients, customers and colleagues so far in front of our own interests that personal and family issues are sometimes neglected, creating additional challenges. With these challenges in mind, Partner Retirement in Law Firms encourages proactive retirement planning. In this 2025 edition, edited by partnership and employment specialist Ronnie Fox, expert contributors offer up-to-date guidance to navigating the difficult aspects of retirement in the broad context of career planning, including: the financial consequences of retirement; legal matters; day-to-day practicalities; accounting and tax; psychological considerations; and new activities in retirement. The key to successful retirement is asking the right questions and using the answers to create a plan. Partner Retirement in Law Firms provides both individual professional partners and HR teams with a practical guide to making the transition from professional to retired life seamlessly and with minimal stress.