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Law Firms Face Senior Partner Retirement Crisis

Wall Street Journal Markets •
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Law firms are confronting a significant challenge as senior partners delay retirement, creating succession and financial planning pressures. Cohen & Buckmann, co-founded by Sandra Cohen and Carol Buckmann in 2016, specializes in addressing these issues by providing sophisticated ERISA and compensation advice tailored to law firms. The firm acts as an outside benefits department for approximately two dozen corporate law firms, serving clients from Wall Street to Silicon Valley.

Their expertise includes designing tax-qualified retirement plans such as cash balance pension plans, 401k plans, and SEPs, while navigating the unique partnership structures where lawyers are both employees and partners. They also support M&A transactions with 280G golden parachute advice, equity plan design, pension harmonization, and executive compensation. Cohen & Buckmann differentiates itself by handling complex tax issues involving pensions, deferred compensation, and stock plans.

The firm invites new relationships and directs inquiries to Partner Gretchen Harders at [email protected] or Managing Partner Sandra Cohen at [email protected].