Taylor Root - Guide to working as an interim lawyer 2011-2012

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vTaylor Root are delighted to release our latest private practice salary survey for lawyers within private practice in Australiaguidegu

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Taylor Root - Guide to working as an interim lawyer 2011-2012

  1. 1. Guide to working as an interim lawyer For legal professionals taylorroot.com
  2. 2. IntroductionAt Taylor Root, we know the importance of exploring allof the options available to you when you are searchingfor a new role and planning the next stages of yourcareer.We have an outstanding record of placing lawyers andother legal professionals from paralegal through topartner and general counsel level into permanent andinterim positions in the UK and internationally.Despite the uncertainty in the present market, we havecontinued to see a need for interim lawyers. Whenfaced with a headcount freeze, many organisations thatwould normally recruit permanent staff have turnedto interim solutions and moved headcount onto therecruiter’s books.The interim recruitment market differs considerablyfrom the permanent market and as such requires someexplanation.Working as an interim lawyer can be an exciting andchallenging way to take your career forward and canoffer you flexibility that you might not have previouslyconsidered. The legislation concerning locum workersis in a continual state of flux and therefore, even ifyou have worked on interim assignments in the past,employment law, payment methods etc. are continuallychanging and may need further explanation. Thisbrochure is designed to help you with all the intricaciesinherent in working as a locum professional.Naturally, please contact one of our specialistconsultants if you have any further questions.Nick Root95 Queen Victoria StreetLondonEC4V 4HNT: 020 7415 2828 taylorroot.com
  3. 3. Q “Why do organisations use interim lawyers?” Companies and law firms employ individuals on an interim basis for a range of reasons: • • • • • To overcome headcount restrictions To cover increased workload without committing permanently Cover for maternity leave and other absences Cover for busy periods of the year In order to assess an employee’s performance with a view to permanent A employment -’try before you buy’. (There has been a significant increase in interim lawyers being taken on permanently over recent years) • Assistance with particular projects - e.g. due diligence, discovery, novation projects, reorganisations etc. • Where organisations find it difficult to recruit a specialist, they may reorganise internally and backfill with an interim generalist lawyer“Why would I choose an interim role?” Q Individuals choose to work in interim positions for a number of reasons: • Flexibility • Employment whilst reviewing the market for a permanent position • Lifestyle decisions enabling an individual to pursue other interests between contracts • Opportunity to learn new skills and broaden knowledge base A • For overseas candidates, a great opportunity to gain UK experience • For individuals returning to work after an absence, an ideal way to re-enter the market taylorroot.com
  4. 4. Q “How much money can I make?” Your remuneration will depend on a range of variables, A including area of specialisation, amount of UK and/or overseas experience, the jurisdiction you qualified in and the organisations where you have previously worked. The market in which you are looking to work will also have an impact. Typically, an interim worker’s salary is based on what would be paid to a permanent employee. In general, private practice rates are higher than those in-house. Lawyers occasionally take positions for which they are over-qualified, in which case they will have to work at a rate below their market worth. “What kind of job can I secure?” QInterim lawyers are sought to undertake a range of roles. Law firms withlarge pieces of litigation or M&A transactions may seek individuals toundertake disclosure or due diligence exercises. Equally, “start up” companies Amay need a sole legal counsel on a temporary basis to be responsible for allthe initial set up issues, contracts etc. Thus, locum roles may be 9-5 jobswith little pressure or they may be more challenging roles with high profilecompanies which will add depth and substance to your CV. Roles may beanything from 1 week to 12 months plus in duration.Q “How long will it take to find a role?” The answer to this question will depend on your skill set, the market and how flexible you are prepared to be. The interim market usually moves faster than the permanent A market. It can take from a couple of days up to a month or so to land a role. taylorroot.com
  5. 5. Q “How is the interim market different?” 1. Temporary assignments An individual working on a temporary assignment will usually be paid on an hourly or daily basis and will be payrolled by a recruitment company. All the administration is dealt with by the recruitment company who pays the temporary worker weekly. An individual may either work on a PAYE basis in which case the agency deals with the National Insurance and tax, or via a limited company, in which case the limited company deals with all NI, tax and professional indemnity insurance issues. 2. Contract assignments Contractors are recruited for a fixed period. They are usually paid A by the company or firm on a monthly basis in the same way as a permanent employee but for a fixed term. The contractor’s salary is likely to be expressed as an annual salary (pro-rated). The contractor will be entitled to similar benefits to a permanent employee, which includes the same entitlement to holiday benefits pro-rated. Lyndon Jennings Manager London taylorroot.com
  6. 6. Q “Will I be entitled to holiday?” Temporary assignments The European Working Time Directive states that all PAYE workers are entitled to 28 days holiday per year, which includes 8 public holidays. An individual working on a temporary assignment will in addition to their basic rate be paid a percentage of that amount, which will be retained in a separate “holiday fund”. When the worker takes a day’s A holiday, that day will be paid from the accrued holiday pot. Contract assignments An individual working on a contract normally has the same holiday entitlement as a permanent employee but on a pro-rata basis.Michelle DaviesSenior ConsultantLondon taylorroot.com
  7. 7. Q“What happens with my tax and national insurance (NI)?”1. Temporary assignmentsi) PAYE - If you are working as a temporary worker through Taylor Root, wewill automatically deduct PAYE (Pay As You Earn) tax and NI from your salary.Individuals working in the UK for the first time will need to apply for a NInumber from the Department of Social Security and fill in a P46 to be allocatedan emergency tax code.ii) Limited company - If you are working through a limited company, thecompany itself pays the temporary worker and the temporary worker isresponsible for payment of his/her own tax and NI contributions. Westrongly advise that you take independent professional advice regarding theset up and operation of the company to ensure that you comply with theGovernment’s anti-tax avoidance legislation. We are unable to deal withindividuals working via a Managed Service Company.We require that individuals working through limited companies have their ownprofessional indemnity insurance. A2. Contract assignmentsIndividuals working on a fixed-term contract cannot work under a limitedcompany. Your tax and NI will automatically be deducted by the client on aPAYE basis.Q“Do I need a visa?”In order for an individual to work on a locum basis you must have theright to work in the UK. We are able to place British Citizens, EU andEEA nationals as well as individuals with relevant work permits. Manyof our candidates are on the Youth Mobility Scheme, whilst a Tier OneVisa allows a highly skilled individual to work without any restrictions, Aalthough it ought to be noted that a cap has been placed on the numberthat can be issued.We are unable to assist interim workers to secure sponsorship. taylorroot.com
  8. 8. Q“What notice do I need to give?”1. Temporary assignmentsWhere an individual is working through Taylor Root on a temporaryassignment the notice period for both sides tends to be relatively brief. It Ais common for each party to have to give one week’s notice whereas, forshort-term assignments, this is often reduced to one or two days’ notice.2. Contract assignmentsWhere an individual is working on a fixed-term contract, the notice periodwill normally be longer and may be from two weeks up to one month.Q“How can I ensure continuity of work?”Many interim roles are extended or rolled over. Some roles eventually gopermanent. The main way to ensure that your role is continued or that youhave a steady flow of roles is to make sure that you treat each role as youwould a permanent role. You should ensure that you are professional,that you arrive at work at the stipulated time, that you complete tasksprofessionally and foster a good working relationship with the organisationwhere you are working. AYou should also make sure that you have a positive and open relationshipwith your recruitment consultant, updating them with changes in yourcircumstances. taylorroot.com
  9. 9. Q“When should I apply?”The interim market is highly reactive; organisations tend to recruitlocum assistance only when the need arises, by which time the need Ais often urgent! For this reason it is most sensible to start to apply forroles about a month before you become available.Q“Will my role go permanent?”A considerable percentage of locum roles are eventually madepermanent – although there are no guarantees! In the case of Acovering for maternity leave, sick leave etc. there is always thechance that the person may not return. In large organisations, oncean interim worker is in place the company/law firm may realise thatthe need is permanent and it is much easier to consider an individualalready working within the organisation than recruiting externally. Gemma Hamshar Consultant London taylorroot.com
  10. 10. Q “How can Taylor Root help me?” Taylor Root is the market leader for legal recruitment. With the collective experience, professionalism and knowledge of our highly experienced team of consultants, together with our unparalleled client base, UK and overseas qualified workers feel confident in using our services to secure the right interim position. Taylor Root always has a range of roles that require filling at short A notice and you can find a list that we are currently recruiting for at taylorroot.com. Taylor Root is continually seeking individuals who are looking for locum opportunities. If you would like to register with us, please send your CV to one of our consultants. (Details at the end of this document).Q “What do I need to provide to Taylor Root?” When you register with Taylor Root, you will need to provide us with a copy of your passport, including any relevant Visa, your most recent academic/qualification certificates and references. We require you A to fill in a registration form in order to comply with the Employment Agencies Act 2004 and Data Protection Act 1998. We also monitor equality and diversity and require you to fill in a Diversity Form, the data from which remains anonymous.
  11. 11. Established in the 1980s, Taylor Root is now widely recognised as being one of the world’s leading legal recruiters. Operating out of offices in the UK, Dubai, Asia and Australia, we are ideally placed to assist law firms, banks and companies with their legal recruitment on an international basis. Taylor Root has a strong track record in the recruitment of: Heads of Legal and legal advisers; law firm associates and partners; contract/locum lawyers; paralegals; company secretaries and compliance professionals. Taylor Root is a member of The SR Group. The SR Group is a specialist recruitment consultancy dedicated to raising standards in the business environments that we serve. The sectors we cover include tax, legal, human resources, marketing and executive search, dealing with a substantial number of the world’s leading professional partnerships, multi-national corporations and international banking groups as well as small to medium sized developing organisations. For more information please contact a member of our team on +44(0)20 7415 2828Private PracticeLyndon Jennings Hannah BrundrettE: lyndonjennings@taylorroot.com E: hannahbrundrett@taylorroot.comCommerce & IndustryMichelle DaviesE: michelledavies@taylorroot.comBanking & FinanceAsha Morzaria James PennE: ashamorzaria@taylorroot.com E: jamespenn@taylorroot.com London Dubai Hong Kong 95 Queen Victoria Street Suite 614, Liberty House DIFC 1918 Hutchinson House London EC4V 4HN PO Box 506739 10 Harcourt Road , Central, Hong Kong T: +44 (0)20 7415 2828 T: +9714 448 7770 T: +852 2973 6333 Singapore Melbourne Sydney Level 21 Prudential Tower Suite 4.02 Level 12, 25 Bligh Street 30 Cecil Street 520 Collins Street Sydney Singapore 049712 Melbourne, VIC 3000 NSW 2000 T: +65 6420 0500 T: +61 (0)3 8610 8400 T: +61 (0)2 9236 9000 Taylor Root is a member of The SR Group taylorroot.com

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