{"id":73005,"date":"2020-05-10t13:01:45","date_gmt":"2020-05-10t17:01:45","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=73005"},"modified":"2020-05-11t10:00:34","modified_gmt":"2020-05-11t14:00:34","slug":"opposing-views-on-mandatory-retirement","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/05\/10\/opposing-views-on-mandatory-retirement\/","title":{"rendered":"how covid impacts partner retirements"},"content":{"rendered":"

\"//www.g005e.com/store/wp-json/wp/v2/posts/\"<\/strong><\/p>\n

how long do you want your firm to last?
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by marc rosenberg<\/i>
\nthe rosenberg practice management library<\/i><\/a><\/p>\n

two-thirds of partner agreements include a mandatory retirement provision. this provision usually requires partners to give up their equity but allows them to continue working in some fashion. a common stipulation is that if a \u201cretired\u201d partner wishes to continue working, either full- or part-time, this must be approved annually<\/em> by the other partners. but with the covid crisis, annually may come sooner<\/em> than expected.<\/p>\n

more: <\/b>three tough questions in partner buyouts<\/a> | is mandatory retirement a best practice?<\/a> | merging in sellers: what you need to know<\/a> | take yoda\u2019s advice on strategic planning<\/a>
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here are two opposing viewpoints on a mandatory retirement provision to consider the next time you review your partner agreement:
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