Author(s): Corinne Staves, Caroline Field, Ivor Adair, Andrew Baker, Nicky Owen, Micheline Hogan, Veronica Mann, Roderick Chamberlain
Consulting editor(s): Ronnie Fox
Publication date: Aug 2025
Format: Softback
Pages: 131
Price: £159.00
ISBN: 9781837231256
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Reviews
Partner Retirement in Law Firms: Strategies for Partners, Law firms and Other Professional Services by Ronnie Fox is a necessary read for all of us. Retirement can be sudden, brutal and unexpected so we need a book like this to advise us. Lawyers are often excellent at supporting clients but not always as good at advising themselves. The book looks at retirement from the firm’s perspective, the individual concerned, accounting and tax consideration, financial aspects and what’s next after retirement.
It’s encouraging to see the subject of retirement being discussed more openly...What sets this book apart is its focus on an area rarely covered elsewhere: the tax and accounting process at the end of a partner’s career... This book highlights the issues and provides useful checklists to help reduce the risk. But it also reminds us that partners may have another 10, 20 or even 30 years of meaningful engagement with business and society. They can be ambassadors, mentors, and catalysts for change.
Most professionals, especially those who own all or part of their firm, find it difficult to think about retirement. Many of those who practise their chosen profession into their 60s and 70s are reluctant to contemplate life without the mental stimulation, companionship, excitement and sense of fulfilment that their work provides. To a great extent, we are what we do - winding down raises questions about self-esteem and our value to society. Professional life increasingly conditions us to place the interests of clients, customers and colleagues so far in front of our own interests that personal and family issues are sometimes neglected, creating additional challenges.
With these challenges in mind, Partner Retirement in Law Firms encourages proactive retirement planning. In this 2025 edition, edited by partnership and employment specialist Ronnie Fox, expert contributors offer up-to-date guidance to navigating the difficult aspects of retirement in the broad context of career planning, including:
- The financial consequences of retirement;
- Legal matters;
- Day-to-day practicalities;
- Accounting and tax;
- Psychological considerations; and
- New activities in retirement.
The key to successful retirement is asking the right questions and using the answers to create a plan. Partner Retirement in Law Firms provides both individual professional partners and HR teams with a practical guide to making the transition from professional to retired life seamlessly and with minimal stress.
