I was offered a secondment for a period of three months at one of the firm’s clients (a private equity fund). No billable hours. Any cons I should take into account?

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It hurts to see others living your dream

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Sounds awesome. Go for it.

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No cons assuming it doesn’t affect your hours/bonus. Usually for internal purposes you’ll be able to plug in at least the “standard hours” (7.5-8) to the secondment matter so that it reads that you are meeting your billables on the hours report (but there will be a fixed fee arrangement with the client itself). Partners look favorably on you if you make good connections with the client, and even if the client tries to steal you away. My secondment at a client for 6 months taught me I had ZERO interest going in-house, which was also great for answering that existential question . It was a breezy 6 months though

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Curious: why did you decide you were not interested in in-house after your secondment?

Lol have a friend who had a very similar arrangement with a client for about 9 months and he’s said it was the best 9 months of his career (in terms of WLB)

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Maybe check if it affects bonus?

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How did you land this? Did you actively work with the client over a period of time/deals, let your partners know of your interest, did it just fall on your lap? Please share your secrets.

I’m in a private funds group and this is exactly what happened to me. Client has someone going on maternity leave, partner asked me to temporarily join their team.

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You will likely be leaned on to “strengthen the relationship” with the client. Be prepared to report back connections, cross-selling opportunities, etc. The firm is most likely losing money sending you, and will be looking to gain that back with expanded business at the client.

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I don’t think the juniors are entitled, they just want to share in their firms’ wealth. Surely any salary increases for the Classes of 2019, 2020, and 2021 would easily pay for themselves through billable hours.

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CONTD

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