M&A folks: What amount of billable time is appropriate to draft a pre-LOI NDA? Small deal (under $50 million).

like
Posting as :
works at
You are currently posting as works at

Don’t you have a form of NDA? Unless there is something unique here not much. Hour tops to change parties update dates, skim for issues and email out. 1 is generous.

like

Agree form or no form, everyone should read what they send out

I’d say 30 min max

Related Posts

Weber folks! At what point do you become eligible for a yearly bonus and how is your bonus determined? Any tie to billable hours?

like

Curious to know what other firm's bonus structures are, particularly those with billable requirements of 1900 and below. Trying to understand what the norm is and figure out if associates at my firm are getting screwed. thanks

like

It’s hard to trust the partners/leadership when they want us to return to office as being better when we increase offshoring? Also, the pressure on billable hours when all that really matters is how much our fixed labor costs vs. how much we can bill (which is usually fixed fee or at least a range) and the fixed labor costs of offshoring is significantly cheaper so the hours don’t matter. Am I mistaken by this viewpoint?

like

Getting over heartbreak and having a full time job is torture lol. My boyfriend and I just broke up after almost a year of being together. It was such a beautiful relationship but ultimately he just didn’t love me. I love him so much. My mind knows that I deserve reciprocal love and I’m worthy, but I feel physically ill. My body hurts, my stomach is in knots, my head hurts. How is it that I have to mend a broken heart but also meet my billable hours lmao

like

I’ve been a freelance print production designer for many years, and usually on-site in the before times. Now I work remote, and am finding it uneasy dealing with billing. Before I always billed hourly, which made sense, but it’s becoming an issue now. Some companies don’t have a full days’ work, so it seems wrong to bill full days, and it allows me to juggle projects for different companies, but my billable hours are down. I know I should bill a daily rate, but not sure that will fly. Thoughts?

Recently lateraled as a public defender in HCOL area to ID in LCOL area for $$$. I’ve been at the job a little over a month. My concerns are that I’m getting very little guidance or mentorship, and I’m worried about not hitting billable hours (2000 requirement but I am just over 80 for the first month). I am only in charge of a ~5 cases atm and struggle with figuring out the next steps, etc. I’ve met all my deadlines that have come up. Thoughts or advice?

like

Looking to leave a govt job for a junior attorney role in a small workers comp defense firm. I have no experience in workers comp. How easy is it to learn the work and make 1850 billable hours? What future opportunities does this experience give?

like

How many billable hours do people in prosecution tend to average each month? I’ve gone through waves of feeling like my billable hours requirement is reasonable to feeling like I’m drowning and can’t possibly do it for that long.

like

Had 2 hours of billable work today 💀

likeupliftinghelpfulfunny

Is there an appropriate way to turn down an assignment because it is non-billable? Two of the partners I work for keep asking me to write client bulletins and articles with them, which is great, but now I’m starting to worry about meeting my billable hours requirement.

like

My HR rep told me that to apply for your CPA license in MA you only need 1 year of work experience, not 2009 billable hours. Didn't sound right- can anyone confirm/deny?

like

Idk, maybe it’s time we bring these engineers and techs down. If my 🧠 links to a 💻 , all of my non-billable work will come to light. 😤

Post Photo
like

Explain to me like I’m 5. Why does the monthly billable hours goal on things like Intellistat change month to month. I’m not hitting hours this year. Last month goal was 158. This months goal is 180.

Any insight into Jackson Lewis NYC office? Compensation, billable hours, WLB? I would be a 2-3 year

like

Mental health is busy, looking for tips to help manage tasks, currently I supervise 12 therapists in 3 different departments that are all different with unique dynamics in each dept. I still carry a small caseload on top of this. I'm struggling with my patients and worry I am not giving them my best, I wax and wane between focusing on patients and therapists. Looking for advice navigating this type od conversation with my leadership, we have all been asked to work on increase billable time...

like

How do firms give bonuses to associate attorneys? Quarterly, monthly, annually? What is a bonus based on? Money recieved, billable hours, etc?

I'm looking to set up a bonus structure for a new associate.

like

Does anyone have experience working for a ALSP? How does compensation work (pay and benefits)? Are you an employee or technically an IC? Do you have billable requirements like at a firm? How do you think it prepared you to potentially move in house? I'm currently at a firm but thinking of taking a position with an ALSP but my goal is to go in house.

How is productivity measured for in-house attorneys? Is there any analog of billable hours for in-house lawyers?

like

I currently work at a medium sized firm and have about two years experience in personal injury litigation. The billable hours and lack of work life balance are really getting to me and I am looking to switch to something else out of litigation, preferably in house. I am also looking to relocate to a different state. How do I go about properly marketing myself to companies that might not take my relocation and minimal experience seriously?

like

I wonder if we’ll still have minimum billable hours if WWIII breaks out

likefunny

More Posts

During phone screen I asked for a certain amount and after researching, I realized I asked for way lower than the going rate for this role/level. They want to bring me in for onsite. How/when do....

Has anyone at Google relocated from San Francisco to a lower cost of living city (Denver, Atlanta, Austin, Miami, etc.) ? If so, how much lower was your salary after readjustments?

likehelpful

Hi all.. on-site interviews (virtual) for a PgM role coming up!! … any websites or tips / insight to help me prepare? Many thanks in advance! :-)

like

Is anyone able to expand on the bonus structure at NetSuite, specifically as an ERP implementation consultant? I heard bonuses are quarterly, but I am curious about the typical percentages or amount.

like

If I join pwc india in mid of August 2021. Will I be eligible for next year that is 2022 hike and performance bonus. Please enlighten me.

like

Anyone know if the paid 16 week parental leave is available only once or for each birth?

like

Raise your hand if you’d like to quit your PA gig now and do something different with your career.

likehelpfulfunny

What is the salary range for Senior developer with 5.5 yrs experience?

like

Not bad Virgil

Post Photo
like

Hi Nokia folks, So what was your hike %/Annual Salary review this year? I got 13% at JG9. Nokia

likeupliftinghelpful

As a liberal arts student, I’ve been piecing together how to create a killer portfolio but am at a point where I need some personal feedback. Would anyone be willing to look my portfolio over and provide advice on how to improve it? Thank you!

like

Any CAIA holders out there? How have you generally been viewed?

like

Does anyone here work for Fidelity? I saw that there are a bunch of customer service positions open and I don't know if it's somewhere that would fairly easy for someone with just 1 year of experience. I need to change where I'm at, but not sure how big of a company is really gonna hire me when I'm so new to things.

like

Recommendations for lightweight low maintenance versatile blazer?

like

Looking for Job Switch as Business Analyst.
will complete my 2yrs in June'21.

Skill Set :- SQL , tableau , Python .
Machine Learning(Ongoing).

Any leads would be helpful.

like

Hi folks,
what are exit options for 1 year old DAA at ZS? Also what are the ball park raises that can be expected?

To give a bit more context: I’ve worked on about 8 projects till date ranging from sales force sizing and alignment to promotional impact analysis. Have decent command over excel and PowerPoint, and fundamental knowledge of python and R.

Any input or leads would be super helpful, thanks!

like

Hello Marketing experts, I would like to know, how much yearly package 7+ years digital marketing employees get?. Kindly share your experience.

Which recruiters do you all find have the best connections to in-house job opportunities? I am DONE with agency life. TIA!

like

Just got a job as a communications specialist in government, but I come from a marketing agency background. Any advice, things I should teach myself, professional certificates/affiliation recommendations? I want to focus on developing in-demand skills early on in my career. TIA!!!

like

Additional Posts in Big Law

What’s big law like in San Francisco? Anyone have any insights to firm cultures or billable targets?

like

Does biglaw give out swag bags to lateral hires working remotely?

likehelpful

Which practice group (m&a, capital markets, or funds) would be best for someone who genuinely doesn’t care about this job/law but wants to stay in biglaw (NYC) as long as possible? Some folks say m&a is more “intellectually stimulating” and I wonder, for that reason, perhaps capital markets might suit me? (I’d rather take mind numbing repetitive tasks over more “challenging” deals)

like

4th year associate, 200k student loans—think I’ll be able to get a mortgage even with loans? Looking at a place for 450k. I have 3.5 years public interest work that counts towards PLSF and I plan on going back to government so I really don’t care to pay it down.

like

(1/7 3am) we're 147 hours into the new year and I've billed about 60 hours (40%) already. 2022 off to a strong start, y'all.

likefunny

Should I take more initiative? It’s my stub year and I’m getting worried. My hours have been super low the past two months, I’m talking like maybe billing 3-4 hours a day and billing no hours on multiple days. I ask for work but the tasks I get don’t require a lot of time. Should I be reaching out more?

like

Curious - would you consider a lateral move to a lower ranked firm if the practice group is higher ranked than at your current firm? In other words what’s more important - firm or practice group ranking?

like

Got a callback with a v50 after a screener last week. Extremely busy and everyone is always on my ass about what I'm doing when I'm not logged in. What are the best ways to take a half-day off after taking a half-day already last week?

like

How are hours at Simpson Thacher LA?

like

If you take vacation, is the onus on you to make up that billable time? If so, how do you enjoy long vacations?

likefunny

What is the associate comp at firms like RGRD? Lower with larger potential bonuses? What is the upside compared to Biglaw, just more substantive experience early on?

like

To the lawyer on the other side of the deal that side emailed me about my stupid mistake instead of replying all with the clients and my partner on the chain:

You're my hero and I'd die for you.

likeupliftingsmart

How do you handle the next day after being up until 4am the night before on a deal? My other deal teams don’t know I was up so late, but obviously I’m going to be much slower in the morning. It sounds whiny to say “sorry for the delay I was up all night” when everyone else is also so busy...

like

Recent lateral junior associate in brand new practice where I'm the only associate. I'm probably going to bill 1,500 hours max this year due to being very slow and taking time off for a delayed honeymoon which I disclosed during my interview process. I have been told my work product is good, I don't turn anything down, I participate in non-billable work, I'm responsive and I always let people know I'm available to help. Do I need to be worried about getting fired for low hours?

likefunny

If you were to lateral in the next month or so is it standard for the new firm to guarantee your full year end bonus given where we are in the year?

like

Don’t make me go back to the office… 😩😩😩

Post Photo
likefunnysmart

I have ADD and occasionally make small mistakes in my work, like leaving a word missing when editing sentences, small formatting errors or leaving an internal comment in drafts sent to clients. All partners have been very understanding and care about the quality of my work, and no client has ever complained. Partners and clients praise my work.

But now, one partner has become super mad and when I explained ADD, he said:

likefunny

Looking for some encouragement. Has anyone here received an overall negative performance review or has been put on a development/performance plan and was able to turn things around for the better?

like

A partner I work for keeps asking for ETA's on assignments I have already submitted to the senior associate on the deal for review. Does it sound like I'm throwing the senior associate under the bus if I say I have already submitted to senior associate and am waiting for feedback? I feel like the partner will get upset at me even more if my answer sounds like I haven't submitted the assignment to the senior associate yet.

like

Already spoke with a partner who wanted something done this morning for him to review and then we discuss again. Sent it to him about 4 hours ago. Should take him half an hour to review max. At what point can I check in with him to see when we can catch up so I’m not waiting in the office all day?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal