Thanks to Overpartnering during the boom years, it's expected that 2010 will be the year that some of those who became partners will be hit with stealth layoffs. Few are talking openly about this but everyone knows it's happening.
However, those job losses are balanced by the good news that there will be a job GLUT. Here are those studies by policy experts Barry Bluestone and Mark Melnick predicting that by 2018, about 14.5 million addition nonfarm jobs will be created.
Those over-50 will be needed to fill them, reports Chris Farrell in BUSINESS WEEK. That's because the generation following the Baby Boomers - the Baby Bust - is too small in numbers to bridge the coming gap between manpower demand and manpower supply.
Given the paradigm shift in the legal profession, those jobs probably won't be practicing law. But there will at least be work for former partners. My new book explains the art of getting, keeping, and moving on to better jobs. The book is OVER-50: HOW WE KEEP WORKING.
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