There is going on a high-stakes game in Big Law for top brandname lawyers. Chair of Paul Weiss Brad Karp calls it "an existential war for talent." Those stars receive nosebleed compensation, influence, power and access to whatever resources they need. Simultaneously - and perhaps to balance out that huge financial investment in those powerhouse players - partners whose twinkle has dimmed are being de-equitized. That term is a euphemism for "demotion." American Lawyer reports: "Multiple Am Law 100 firms, as well as midsize and regional law firms, have de-equitized partners in recent months. More are likely to follow suit." Their book of business may be less and they're not able to develop an adequate amount of new business. Overall, they just aren't pulling in the revenue they used to or, with the bar on performance raised, they currently need to. The demotion can entail a cut in pay. There could also be the shift from the title of "equity p...
We are back to the raw reality of our parents' generation: Jobs are hard to get. Attached to that brutal reality is another more optimistic one: Nothing gets you a job like having a job. Also, the reverse is true: Not having a job could mean you will have plenty of trouble getting a job. On HuffPost there it is: "Research finds that once you have been out of work for more than six months , it gets significantly harder at any age to find a job, but particularly for older job seekers." It should be obvious that if you're aging and without a source of income from work you should grab a job, any job. What unfolds is that, yes, having a job gets you a job. That is not only because it's a signal to employers that you are employable. In addition, it also does these 5 wonderful things for your job search: Prevents you from getting rusty on the whole continuum of go-to-work personas and skills. If you haven't been on the job, any job, for even a few months you are...
2025 bring changes in Social Security age eligibility for full benefits. For those of us born between 1943 and 1954, the age was and remains 66. We, the oldest of the Boomers, have been blessed in unique ways. Higher education was open to our generation. It was cheap. Multi-national corporations were eager to hire us, including females like myself. Promotions were standard. In the 1980s, when those corporations downsized, we were able to become Accidental Entrepreneurs. And, many of us continue to work for income. In 2020, according to the Department of Labor, almost 9% of us over-75 were in the workforce. By 2030 that will be almost 12%. I was just invited to do a weekly column on aging and work for a major publication. Younger folks haven't been as blessed. As for your wait for benefits, here is the story. Newsweek documents: Born in 1955 - wait until 66 + 2 months Born in 1956 - wait until 66 + 4 months Born 1957 - wait until 66 + 6 months ...
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