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Why am I attracted to older partners?
The American system enables older partners to stay on, because they are not an unfair burden.
There was a generation gap, in that junior partners who had smaller stakes in the firm would receive far less than older partners.
Shuttleworth argued that another reason young men and women sometimes sought older partners was that they were leaving home and wanted a paternal or maternal figure.
"Partners may be eased out or chucked out, but in my experience, it is much harder for older partners to maintain their position if their billable hours decline.
One danger, however, was that valuable older partners would jump ship.To prevent this, PA gives out some of its bonuses as options, rather than cash.
Another company about to undergo an ownership change is Julien J. Studley Inc., where the namesake chairman has reached age 75 and is expected to move to senior status and older partners are expected sell their stakes to younger people.
The agency began its investigation of Sidley in July 2000 after hearing from a person inside the firm who contended that the demotions were aimed mostly at weeding out older partners.
It worried that an exodus of older partners would not only strip the firm of talent but would send a signal to younger partners that Deloitte was not a home for life.
Sidley Austin Brown & Wood, a law firm with more than 1,500 lawyers, has been sued by the Equal Employment Opportunity Commission, which accused the firm of firing older partners or forcing them to retire.
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"I see him as an older partner," he said.
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