Recently, The New York Times devoted a special section of “Dealbook” to short-termism. Big law firms made a prominent appearance in an article focusing on leadership transition. Citing statistics at the managing partner level, the Times reports that only 3 percent of law firm managing partners are under age 50. Twelve percent are over 70. Almost half are between 60 and 70.
The Tip of the Graying Iceberg
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