Most law firms leave it to partners to make plans for their retirement, but they are often too busy to spend time on their own financial planning and fail to take the adequate steps. Mike Fosberry explains the difficulties this can create and why encouraging partners to make arrangements is a more prudent approach
The major asset for most law firms is the partners working in the business. It is therefore surprising that, when it comes to providing retirement income, most firms take the view that it is the individual partner’s responsibility to organise this and make the appropriate arrangements.
