Senior lawyer explained,

Financial Education
Uzi Blumer
Two years ago, led by Dr. Meir Winsen, managing partner HFN, retirement agreement requires the partners to retire at age 60 to prevent lawyers aged 80 chicks the most profitable firm. Is that why defections Ten lawyers this week string Co.? Conversation With "Kalkalist" Winsen says he does not know, but senior lawyers in convinced: "This is the only reason"
CAlcAlist "unknown starter neon underlying retirement starter neon agreement is a provision that forces the senior partners of the firm to retire upon reaching the age of 60, in order to prevent a very common condition leading law firms, where firms committed almost forever to transfer large chunks of their earnings to partners, the veteran retirement pension, even after their death.
This structure of the distribution of profits hurts the second and third generation office, he had to settle for lower percentage margins office because most of the money pendulous pockets of the older generation. Attorney Winsen sought starter neon to solve this problem, starter neon but the retirement age set so low, that created quite a bit of tension in the office.
Conversation with "Kalkalist" said Attorney Winsen not know if this is the reason to deploy the three partners of the firm, including starter neon the head of the high-tech Attorney Alon Sahar, a senior tax department at the Ministry of Attorney Elder son Robbie Guetta life partner who specializes in mergers and acquisitions, but is agreed starter neon to reveal information about unique retirement model initiated and significance.
The news sent shock waves from the industry lawyers, starter neon especially in light of the word retirement was the result of a request by dissident Ministry string and a state of "headhunting" firm side, only recently completed the merger starter neon with Cantor Elhanani headed by Dalia Tal Tal.
Senior Attorney large firms analyzed one last conversation with "Kalkalist" What was his view behind the retreat: "There are some things that underlie bitterness HFN: First of all, the management of Winsen tough, but it's a little less disturbing Robbie Ben Sahar, but more employees. Herzog excellent remuneration level partners, who have been with a lot of money home. Also out against the 'human relations' is not an option. Certainly not with respect to attorney Ben Ruby, who is associated Llinzn. What really created resentment among middle class partners had retirement agreement, "he said.
Senior lawyer explained, "HFN, created an unprecedented situation in terms of retirement age lower, that most partners will be 60. Idea is to rejuvenate the lines all the time: there is something important. People do not want to hang up the shoes, and many prefer to continue working until old age, They occupy places, they actually sometimes a bit tired but continue to catch high percentages, not dilute themselves, starter neon so young partners can not progress. problem is that here in Israel, partner age 60 is considered young. "
Another attorney said cAlcAlist "Yesterday" has offices in young people with lots of ambition who want to move forward and make money, but there are people above age 65 and even 70 are considered young, and there are some lawyers who continue to be active starter neon over the age of 80. Leading lawyers as Gad Naschitz, Eli Zohar and Yuval Levy, these people a generation ago were considered veterans offices and no one imagined that after 20 years they continue to work vigorously. "
"I do not know the reason starter neon for retirement. It should ask them," says Winsen, "but with respect to the arrangement of retirement, need to understand that life expectancy in Law Firms is up to 120 years, that even after the death of partner firm should continue to pay them money, so offices disappear . Our partners receive by contribution, starter neon to not be a burden to younger partners, because we have a machine to print money. we rely on work. "
"One of the reasons that harm economic prosperity of law firms for years is shared by adults are taking a considerable share of the profits, does not express the current or ongoing contribution to their office, and even after retirement and deaths," explains Winsen.
Attorney Winsen model HFN "coming solve both these problems and determined that the retirement age be reduced significantly: a group of partners older than 65, and the other partners at age 60," explains Winsen. "Also, after the retirement of the partner has no office financial obligations to him, except the amounts provided for the period of being a partner. "
Attorney Winsen adds that "this allows to add new partners and young people and promote them. So they have office outlook progress without taking serious hunchback past. This model was built after a discussion of the group of partners starter neon of the second and third office (ie without the founders - RA), led by the partners veteran took example and agreed to give up years of partnership due to them and the rights of retirement different. Nevertheless, even after retirement age Shared office starter neon can request to continue, usually as a consultant and as a partner, if the partner retires based on objective and can continue to contribute. model aims to allow the continuity of the firm and our firm decided to become an institution starter neon that is not related to that person or another. "
Another lawyer added: "No offense to the part, with tax and international taxation was there with them, but not much." He mentions' before a decade they tried to merge with Udi Barzilay and merger failed. Combination of Elder Ben Ruby put them on the map. was a genius in this field. well in high-tech does not have the market almost attorneys at Oak Moon. This niche is to know and understand. has a string Dan Shamgar and Dan Geva, but there is no doubt Sahar is significantly strengthened, and Guetta. "
"It's hard to compete with HFN," added the lawyer. "This office starter neon is very responsive to requests from the market, hours of work while exhausting and stiffness and formality that string, but the level of remuneration to partners, as opposed to maybe rent, they are among the best in the industry. Atmosphere indeed tough work there very hard, but when considering transactions at the international level in Israel, Herzog has an advantage . transactions outside Israel scattered among many offices, but abroad, Europe and the U.S., said Israel - and many times you told HFN. "
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