Skadden gives retirement policy a (slight) shift
Skadden, Arps, Slate, Meagher & Flom have announced changes to their retirement policy. The previous policy required partners to begin transferring work to younger partners when they turned 65, and to retire by the age of 70.
The new policy gives older partners a little more time, requiring partners to begin giving business to younger colleagues when they turn 67, rather than 65. The mandatory retirement age remains at 70.
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