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Main Discussion

Linklaters - your link
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Parsnip
Posted - 21 April 2017 09:50
from the rof

so you can sign up to guarantee 9 to 6 - (an 8 hour day presumably with an hour for lunch) on the basis that you sacrifice a third of your salary.

if you are recording 8 chargeable a day - you will be making them tonnes of money anyway

its good to see that links by their on valuation expect you to be doing 33% more than 9 hours a day every day -
InfiniteMonkeyTheorem
Posted - 21 April 2017 10:08
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Where 8hrs is 2/3 pay, full pay expectation would be 12hrs. Off the cuff I think the calculation therefore works out at an expectation of 50% more than 8 hours.
Jon Snow
Posted - 21 April 2017 10:09
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Unless you are in one of a very limited group of departments, being fully utilised over that period is going to be very difficult.

This could work, but its going to need very good managers - which Linklaters are short of. The partners' idea of management is to flog people until they fall over, refusing to engage in any discussion about what support their troops need, and then completely ignoring them once they've broken them.

It will be interesting to see what the implications are for those in the more advisory areas that are well utilised and also have half decent work life balances. Will they be expected to take a pay cut for doing what they have pretty much always done?
Parsnip
Posted - 21 April 2017 10:12
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if you can bill 7 hours a day you can make a firm like this plenty of money.
its deal to deal nature of work that means feast or famine
all it does is serve to demonstrate the expectation above what is normal - i.e. we want 50% more than what is normal from you if you want to be on the career path - otherwise you are capped out notwithstanding how good, efficient and profitable you are

firms always look at profitability last
Saillaw
Posted - 21 April 2017 10:13
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Who actually manages to charge for every hour they are at their desk? There's always a couple of hours a day of dealing with random requests for fee proposals that go nowhere and dealing with credit control over an unpaid bill, etc.
Anna is voting Lib Dem
Posted - 21 April 2017 10:13
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How is this going to work in practice when people have something very urgent to deal with? You just waltz out of a meeting at 6 saying, "see ya, bye!" ?

If you want work life balance, don't work at Linklaters.
intheregions
Posted - 21 April 2017 10:17
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I suspect that the work they'll be given will not be of the urgent variety. So essentially just doc blozzing and heavy lifting on deals where someone else (a full-timer) is the point person for any urgent issues that crop up
An Irishman without rules
Posted - 21 April 2017 10:18
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this sounds a lot like those flexible working arrangements that A&O and Simmons have, but a bit more integrated into the firm.

instead of an hourly or per-project rate, you are essentially on a 40-hour a week contract.

I think this would be attractive for a lot of people who would like the flexible working model but are concerned re: the lack of certainty

Anna is voting Lib Dem
Posted - 21 April 2017 10:19
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Then presumably that will make them very vulnerable in the medium to long term? If they don't get exposure to any decent work then it is going to be hard to justify paying their salary (even with a 1/3 reduction) when they aren't doing anything which couldn't easily be done by someone much more junior.
Cofferdam
Posted - 21 April 2017 10:21
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If you want work life balance, don't work at Linklaters.


militant
Jon Snow
Posted - 21 April 2017 10:22
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Exactly Anna. It could work, in the same way part-timers can work, but would require good management. As they are not usually capable of that, I can't see this role being given the kind of work that allows for decent utilisation.
ColonelSanders
Posted - 21 April 2017 10:33
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It would be comedy to see the... its 6pm, still on the definitions section... shuffles papers and stuffs them in laptop bag: "Right, lets pick this up tomorrow. Its my broga night."
Anna is voting Lib Dem
Posted - 21 April 2017 10:39
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Heh @ Coffers.

Still though. You gets paid your money, you takes your choice.