Retiring Partners and Unfunded Law Firm Commitments | BCGSearch.com

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Retiring Partners and Unfunded Law Firm Commitments

The issues surrounding retiring partners and compensation have created problems for many law firms. While not universally true, unfunded retirement plans, whether tied to some average of historical income or to receipts associated with continuing client fees from the partner’s responsible clients, are generally without economic justification and usually a serious economic problem.
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