About 12 per cent of managing partners are aged between 65 and 85, and only 3 per cent are between 32 and 50. According to Dealbook, which has reported on the statistics: 'a generational divide is percolating just under the surface [in law firms]. Rising associates in the millennial generation, worried about the future, are pushing up against the current law firm leaders, who are almost uniformly older men intent on staying for a few more years to top off very successful careers.'
Millennial shift
Indiana University law professor William Henderson is quoted by Dealbook as saying that he is not aware of any law firm which has 'made the millennial shift'. Source: ABA
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