04 October 2007
In brief
More than half of lawyers (53%) have not made adequate plans for their retirement. Research commissioned by Wesleyan for Lawyers reveals that 42% of those aged over 51 didn’t feel confident that they could enjoy a secure retirement. Women are less prepared then men, with 60% saying they don’t have adequate plans, even though on average, lawyers plan to retire at the age of 62. More lawyers (28%) own their own home compared to the national average of 19%, the study shows, and 71% of lawyers take two holidays or more each year.
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