Across the United States, the legal profession is experiencing its most profound demographic change since the “baby boomer” generation entered the profession in the 1970s and ’80s. Significant impacts are or soon will be felt—often acutely—in small, mid-sized and large law firms, in multi-office, multi-practice and specialty law firms, around law firm executive committee tables and across practice groups.
Based on industry data and experience, Altman Weil estimates that at least one-third of law firm lawyers are baby boomers, ranging from those who are “full time and full-go” to semi-retired and every phase in between.
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