Thursday, April 19, 2007

Wave of retiring lawyers could change the face of the legal profession


And with more than half of the large firms in the nation operating under some type of mandatory retirement system, the exodus will be profound.

About 1 million lawyers are licensed in the United States, according to the American Bar Association. Extrapolating from the current total of attorneys, a full quarter of attorneys -- or 250,000 -- are expected to start retiring by 2011.

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