Law firm partners are coasting to retirement and underperforming according to a recent study. While there are many benefits of being an in-house lawyer, coasting to retirement and not performing do not typically make the list. Sorry, in-housers, you can’t “phone it in” in your dotage.
“A new US survey reveals what we knew already but didn’t dare say: there are a lot of partners out there doing not a whole lot of lawyering. The Altman Weil 2018 report, its tenth survey of the US law firm market, found that 40% of US law firms blame “chronic lawyer under-performance” on partners who are, it says, “coasting to retirement”. It reports that “the absence of rigorous management of lawyer and client transitions is a huge ongoing problem in the legal profession as Baby Boomers extend their careers ever longer”.”