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ALM Releases 2008 Retirement and Withdrawal Survey for Private Law Firms from Altman Weil Publications.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- ALM's Altman Alt·man   , Robert Born 1925.

American film director and screenwriter whose film credits include M*A*S*H (1970), for which he won an Academy Award, and The Player (1992).
 Weil Publications, a division of ALM Research, today announced the release of its Retirement and Withdrawal Survey for Private Law Firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, 2008 Edition. The study is the eighth in a series of retirement studies conducted since 1981, examining retirement policy and practices at small, medium and large U.S. law firms, and features an introduction by James James, person in the Bible
James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship.
James, rivers, United States
James.
 D. Cotterman, a principal at Altman Weil, Inc. For further information, or to purchase a copy of the survey, visit www.altmanweilpubs.com or www.lawcatalog.com.

Survey findings include the following:

* Retirement ages for the legal profession generally mirror the rest of the nation. Normal retirement remains anchored at 65, although some firms are migrating towards age 67.

* Mandatory retirement A mandatory retirement age is the age at which persons who hold certain jobs or offices are required by statute to step down, or retire.

Typically, mandatory retirement ages are justified by the argument that certain occupations are either too dangerous (military personnel)
 for the 47 percent of firms with this policy is generally between 67 and 70 years of age.

* Firms offered more qualified retirement plans in 2008 to their employees than in previous surveys. Fewer firms offered one plan, while a growing number of firms offered participants two, three or four retirement plan options.

Participants in the survey included 146 law firms, ranging in size from ten or fewer lawyers, up to 100 lawyers or more. This year's survey features an analysis of succession readiness at responding firms, as well as data on current firm financial plans and funding for buyouts of capital interests and for support of retirement obligations. The publication also includes the results of the Altman Weil Flash Survey on Lawyer Retirement, conducted in September 2007 to assess lawyers' personal views on retirement policies.

Founded in 1974, Altman Weil Publications publishes surveys on the legal profession focusing primarily on the economics and management of law firms, including the Survey of Law Firm Economics, the Senior Leadership Survey and the Compensation Systems in Private Law Firms Survey. The group is a division of ALM Research which produces ALM Research Online, a subscription database of legal market intelligence, as well as a number of syndicated survey reports, including the annual Law Firm Business Development Survey, the 2006 Global Law Firm Knowledge Management Survey, and the 2006 Law Firm Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  Survey.

About ALM

ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 33 national and regional magazines and newspapers, including The American Lawyer, Corporate Counsel, The National Law Journal and Real Estate Forum. The company is one of North America's largest producers of conferences and trade shows for business leaders and the legal profession. ALM's Law.com is the Web's leading legal news and information network, while ALM's GlobeSt.com is the Web's leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional educational seminars, market research and content distribution. For more information, visit www.alm.com. ALM is an Incisive incisive /in·ci·sive/ (-si´siv)
1. having the power or quality of cutting.

2. pertaining to the incisor teeth.


in·ci·sive
adj.
1. Having the power to cut.
 Media company.

About Incisive Media

Incisive Media is a rapidly growing provider of specialist business information, in print, in person and online. Incisive Media operates in four principal markets: financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, risk management, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products.  and marketing services. Incisive Media's market leading brands include Investment Week, Post Magazine, Risk, Search Engine Strategies, Accountancy Age, Professional Pensions, Computing computing - computer  and Legal Week. For more information, visit www.incisivemedia.com.

ALM, The American Lawyer, Corporate Counsel, The National Law Journal, Law.com and all other ALM publication and product names are either registered trademarks or trademarks of ALM Properties, Inc.
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Copyright 2008 Gale, Cengage Learning. All rights reserved.

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Publication:Business Wire
Date:Apr 15, 2008
Words:573
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