Links puts age before beauty

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  • Links succession planning

    Nonsense! Guys in their early 50s, like the Linklaters team, are in the prime of their careers, or would be regarded as being so were it not for the fact that they work in the blinkered, ageist and inflexible magic circle where the ludicrous rules of lockstep dictate that as soon as you get to the top of the ladder, you're being elbowed out (or stabbed on the back, depending on how good or bad your sorporate culture is) by the greedy youngsters who don't understand why you should sit there creaming off the top of the profits whilst they're doing all the hard work and not being paid properly for the controbution they perceive themselves to be making!

    ]Is it any wonder that in firms which use a different (performance based) compensation model, there is room for thrusting young (well paid) partners to co-exist perfectly happily with partners who are still operating at full tilt well into their late fifties, sixties and in some cases even their seventies? When will the magic circle have the courage to wrestle with this moose on their collective tables?

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  • Yawn...

    Oh dear, it appears that Broad-minded Observer is, in fact, anything but. "[B]linkered, ageist and inflexible"? How very strange that such organisations outnumber US firms in the global elite, and that such antiquated systems of lock-step have pushed Slaughters to pole position, and Freshfield and Linklaters to 4th and 5th, respectively, in global profit tables.

    No magic circle firm will look to remove partners "who are still operating at full-tilt", regardless of age, but age in-and-of-itself is insufficient reason to retain partners who are not operating in such a fashion. It's a business, and it's a performance culture. If you can't perform, you need to go.

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