An investigation by the US's Equal Employment Opportunity Commission (EEOC) into the Deloitte retirement age of 62 for partners could have implications for law firms.
Similar investigations into law firms have led to them abandoning a mandatory retirement age for partners. The crucial issue is whether partners would be covered by the pensions legislation. They would need to be treated as employees to have these protections. Bloomberg says that the Deloitte investigation ‘could have ramifications for those law firms, including slightly less than half of the largest ones, that still have mandatory retirement ages for their partners’.
Article from Global Legal Post