consider retention, both staff and clients.
by marc rosenberg
the rosenberg practice management library
i’ll start with the punch line. yes, it is a best practice.
but only if your firm’s vision is to stay independent into the next generation by developing future leaders and retaining retirees’ clients.
more: covid-19: how your firm can respond | reward partners for performing like partners | 7 points of a well-crafted partner buyout agreement | 6 ways to retain nextgen staff | partners: when to speak up and when to shut up
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if you are a small firm with partners who love what they do, have no hobbies to pursue in retirement and basically want to die at their desks, then no, it may not be a best practice. these partners are saying: “this is my firm and no one tells me when to retire, especially based on my reaching some arbitrarily decided age.”
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