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Main Discussion

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InfiniteMonkeyTheorem
Posted - 21 April 2017 10:08
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
January Sails
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.
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

Capt Haddock
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."