Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

At the Tipping Point

By Gary Phelan and Cara E. Greene
October 31, 2006

When he took over as the new President of the New York State Bar Association (NYSBA) in June, 2006, Mark H. Alcott identified as one of the three themes of his presidency 'an end to age discrimination in our profession, including the archaic practice of mandatory retirement.' See, M.H. Alcott, 'Taking the Initiative,' NYSBA Journal, 5 (July/August 2006). According to Mr. Alcott, who is a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP, mandatory retirement policies at law firms deprive society of 'seasoned talent.' Id. at 6. He noted that lawyers from the baby boom generation are living longer, but many of them also waited until later in life to marry and start a family and, as a result, are also delaying retirement. Id. He also observed that retirement may not be a viable option for baby boomers who are now in the 'sandwich generation' of raising their own children while caring for aging parents. Id.

On Sept. 28, 2006, the NYSBA announced that it established a Special Committee on Senior Lawyers, a Special Committee on Age Discrimination in the Profession and a Task Force on the Mandatory Retirement of Judges (see, 'NYSBA Addresses the Special Issues and Challenges Now Facing Senior Lawyers,' www.nysba.org/newscenter) (Sept. 28, 2006). In a press release accompanying that announcement, Mr. Alcott stated that: '[A]s our population ages, many talented vigorous lawyers are now facing new challenges that have not been fully explored or vetted by the legal community. For example, many senior lawyers are facing both social and legal discrimination that is not being addressed, and that is unacceptable. Issues such as mandatory retirement and other practices that adversely affect lawyers because of their age cannot be ignored.'

This premium content is locked for Law Firm Partnership & Benefits Report subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
The DOJ's Corporate Enforcement Policy: One Year Later Image

The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.

The DOJ's New Parameters for Evaluating Corporate Compliance Programs Image

The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.

Use of Deferred Prosecution Agreements In White Collar Investigations Image

This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.

Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

Compliance Officers: Recent Regulatory Guidance and Enforcement Actions and Mitigating the Risk of Personal Liability Image

This article explores legal developments over the past year that may impact compliance officer personal liability.