You know I have to wonder about that term "demotion" . As a lawyer in the firm gets older and probably takes more time off etc. I think the moving from Equity Partner to the next category (can't remember exactly the term) is normal and I never heard it called a demotion. He then continues to get revenue from the clients has or brings in to other attorneys. etc. I have always regarded that as a natural progression to full retirement. Often you see the senior lawyers are listed "of counsel"...sometimes still have offices etc. but not in on a daily basis and probably not taking new clients. I would like to hear from anyone that knows about this.