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Hi all, I have joined Accenture in last December, had got some joining bonus with some clause like i need to serve for 1 year otherwise I need to repay. Does anyone know if I put paper now and serve till December is it okay or I need to put paper after 1 year only.? Pls help.... Accenture
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Please someone help
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Additional Posts in Partner One
Bob Loblaw. Check out his law blog too!
If your independence queries are around financial independence e.g. stocks / debt etc - the B4 you are joining can tell you upfront which ones you will need to dispose.
If your query is around personal independence e.g. directorships, trusteeship, board position etc. - it's more complex. But the thumb rule is that all of this needs to be for non SEC restricted clients and with PRI approval.
I'd still say, it's a good idea to speak to Partner responsible for Independence at the firm prior to consulting a lawyer.
B4 won't negotiate on independence requirements. So if you can get the same advice from the firm - I'm not sure why you might need a lawyer.
Helpful, thanks. Looking to quickly get smart on the gamut of independence restrictions for various investments to ask the right/ informed questions of the independence team, if any at that point.
Would expect there are lawyers who work with Big4s and know this inside out, to accomplish this efficiently.
Don’t bother becoming a partner. Seems like stupid amount of stress. Open a franchise or buy some real estate or go work at a coffee shop.
Just to add, if you believe that some hot shot lawyer can help you structure a trust or an arrangement which can take advantage of loophole in financial Independence requirements - forget it. It's easier to find some other employment! 😁
Bigger question is why are you joining a B4. No need for the long hours and stress when you have that size of a safety cushion!
Over 10M 😳...were u in consulting before as well?
Definitely not b4. Else OP wouldn't be asking the question. The independence requirements are almost identical across b4 😅
Send your portfolio and/or asset details to the firm that’s recruiting you. We are all well-versed in managing HNW partner independence. No upside and a lot of downside to us both for getting it wrong on your inbound journey.
Also, this is part of our standard direct admit process, so as long as you’re transparent, shouldn’t be a big deal. If you hear something you don’t like, talk to the most senior partner trying to bring you in and they’ll help you navigate. Getting counsel involved (as noticeable by us) just raises flags.