To Retire Or Not? That Is The Question. - Above the Law
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To Retire Or Not? That Is The Question. - Above the Law
"According to the ABA, the median age of lawyers practicing in the U.S. is 46, compared to 42.1 for all U.S. workers. Out of the 386 occupations evaluated by the U.S. Bureau of Labor Statistics, lawyers rank among the oldest - only surpassed by farmers. Remarkably, 13% of lawyers - about 1 in 8 - are 65 or older, whereas only 7% of all U.S. workers fall into that age group."
"Recently, I celebrated my 60th birthday, and my children have headed off to college. Having practiced law for 33 years, I still love what I do, so I was rather surprised when people began asking me about my retirement plans. Honestly, I don't have any at the moment. That may change someday, but it got me thinking about our profession and the idea of retirement - or not?"
The median age of lawyers practicing in the U.S. is 46, compared to 42.1 for all U.S. workers. Out of 386 occupations, lawyers are among the oldest, surpassed only by farmers. Thirteen percent of lawyers are 65 or older, while seven percent of all U.S. workers are in that age group. Most lawyers enter the profession around age 28. Motherhood can create years when balancing a legal career and parenting limits exclusive focus on practice. A 60-year-old lawyer with 33 years of practice reports no desire to retire, pursuing challenging cases, social media marketing and SEO, and mentoring younger lawyers.
Read at Above the Law
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