Moynihan Comments on Age Restrictions and Term Limits for Key Law Firm Leadership Positions

With succession planning an ongoing concern for many small and midsize law firms, some firms in the Chicago market have instituted age restrictions and term limits for key leadership positions to make it easier for younger lawyers to take over management roles from older attorneys looking to retire. Michael A. Moynihan, Co-Managing Partner of the firm, comments for a Crain’s Chicago Business story on Freeborn’s own age and term limits for management and executive committee members and the benefits of such policies for succession planning and maintaining fluidity in firm leadership. The article, “Law firms try to smooth succession with age, term limits,” was published July 7, 2016.

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