Categories:UK

CC, Links redundancy payouts: which is the biggest spender?

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  • Calculations

    On a quick calculation, despite what many (likely junior) posters are saying all over the place, surely the Links package is more generous than the CC package at anything above 4/5 years PQE?

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  • Payoff packages

    Nabarro is giving 3 months' notice plus one month's salary. However long you've been there.

    And please note: the statutory redundancy is not one week's salary for every year you have worked for the employer. It is about £300 (maximum) for every year you have worked for the employer.

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  • Calculations? Shmalculations!

    Linklaters payoffs at 3 weeks per year worked is indeed generous, but not when they cap it to a maximum of your annual salary. If you are a long server (ie 20 years plus) this calculation looks good until you realise it is actually capped to your annual salary. Long time servants stand to lose big time!

    Come on Linklaters...give us a little more respect...it's kind of hard to find a job at our age when you've committed so much of your life to one company!

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  • linklaters greed

    Nobody goes into a city law firm out of the kindness of their hearts but whats going on at links is totally brutal. Everyone is too scared to say anything in case they are singled out for the chop - divide and conquer.To any students thinking of applying for a training contract with links a word of warning - if you sup with the devil you will eventually pay the price.

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  • Links

    The whole consultation process only applies if you are working in Links' London office - if you are in one of their international offices you are just notified, lose access to emails and gently ushered to the door with the redundancy package hitting your accounts shortly thereafter with no room for discussion...Don't think even i-banks were this vicious.

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  • Consultation

    is required in London under UK employment laws. The firm applies the process as required for each jurisdiction. Japan, for example, is an entirely different system. And I'm not sure if one can say the process is vicious - from what my Links friends in Asia tell me, the HK package is more abrupt but more generous in cash terms than the UK one; and in Japan, given the process is supposed to be "voluntary", the base package is 6 months salary for fee earners, and 1 year base for secretaries, in each case with a month salary payout per year of service.

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