The 800+ point drop for the DOW spooked those near retirement.
It's magical thinking to assume that after a really bad thing happens, another really bad thing won't happen again.
Those old white men who are partners at law firms might have bought into that when their portfolios took a major hit during The Great Recession.
Now, that smugness has been blown to bits.
Even if the DOW picks itself off the ground in the next few days the emotional trauma has already been done.
The partners who were toying with the idea of retiring probably could hunker down and remain practicing law. If their firm has a mandatory retirement age they will carry their experience and book of business to another firm
That means that upper mobility will continue to be blocked for many younger lawyers.
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