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No retainer/bonus: Retainers for Partners have been paid till February 2021. After that, it's only been tareekh pe tareekh. After the retainer revision last year, some increment has been announced on paper but nobody knows when this amount will be paid. For Associates, they have been paid till March/April of 2021. They claim to be getting funding to pay arrears but no one knows when.
Hiring: [...] High cost, no return. Who pays them? Other members who are making money. Not to mention the cost centre responsible for [...].
Departures: [...] good and half decent lawyers have left HSA. The firm motto of 'The Firm will survive individuals' isn't really working. They need to think of ways to retain talent. [...]
Redundancy: Without naming any partners (Kian will not allow) they are of no use for the firm. [...] All come with commitments but unable to perform. Getting quoted in the news is all they do and expect hefty bonuses.
It's not rocket science to figure out that firms, seldom in HSA's category, will find it near impossible to pay outstanding bonus and arrears amounting to almost 6 months at one go. The firm is operating like chamber practice and the kitty party gang are being inducted into equity.
You can continue living in fool's paradise and bury your head in the sand but nothing you can say or do can change facts. You cannot simply delay retainer payments for 6 months and expect no ranting .
They didn't have the decency to send an email to staff informing them that payroll will not be met. I am very surprised Ravi Jain moved to HSA. Everything that comes out of HSA's mouth is a lie.
attrition is everywhere but this is disproportionate to the total headcount.
Chinmay
Ramya
Rajdeep
Akshay
Amit
Gaurav
Apoorva
Aditya
Bharat
Harsh
( )
We will pay the rest 'shortly'.
Dooms day - HSA wants partners to make 6x without even paying 1x to them so that china desk, japan specialists and labour law specialists can cope up and get paid for not earning their costs.
A firm may be going through a tough patch but seeing all partners leave, only shows that no one wants to support hsa. So many years in business, yet no community support!
▮▮▮
Bro what? Come work for my team yaar I’ll also suck out your soul and then keep dangling the carrot of salary getting paid eventually for 6 months or something. Love utopian daydreamers who have no real experience of working 15 hours a day with no pay.
(a) when was bonus last paid and for what year?
FY 20-21 has not been paid yet
(b) when was retainer last paid and for what month?
(those who left in September are yet to be paid. no ffs done till now, March 2022)
Partners are still 2-3 months behind schedule
sach batana, naukri nahi mili kahi bhi na?
Perhaps law firms need a regulator to discourage such practice and get us lawyers some rights. I left this place in September 2021 and my dues for retainer (not even counting variable) remain outstanding.
It's quite a shame that they compare themselves to just below Tier I firms. What a shame!
But, hold on, there's positive news too: The Managing Partner has returned to India after 20 days luxurious holiday in US.
I wish, I leave before they offer Partnership.
Pooo: As I was on ML, nobody should expect bonus. But we three partners will attend one stupid hearing in Dubai.
However, HSA celebrated 19th anniversary last week. Wahan sab ko free ka khana aur daaru mila hai.
While saheb has been enjoying luxurious holidays in London, US, new house and settling kids overseas.
Everything is perfect except that loyalists who chose to not leave during difficult covid times, have an oustanding of 5 months salary.
Saheb khush hai, dono equity partners kutte biliyon ki tarah ladtey hai daily... kaam dono k paas nahi hai
Baki sab theek hai yahan...The firm has a global presence. Whether it pays or not shouldn't matter because everone else in this world is sub-optimal.
Jaymahan: It's Diwali time, we have a bi annual review, request your clients to pay.
Partners: JJ, it's diwali time please pay our backlogs.
JJ: i will let you know ya, Sir is travelling. We are a tier 1 law firm. Sir is in london, his daughters are in us, however you will not be paid because there's backlog from client. But, we are better than Tier 1 firm.
1. After surrendering 1st floor, do we have enough space to sit celebrated team of HSA Delhi office (so called Head Office). Are there enough toilets in office? One is reserved for HS and few selected partners. Is another washroom enough for 30+ lawyers and support staff of 10 ppl.
2. Are clients and other fraternity members not [...] for not paying Partners for 4-5 months? When will we disclose that we have no office in Bangalore?
3. [...]
4. Is any salary backlog of 4-5 months being cleared despite 4 days to Diwali? What is Strategy Partner and likes thereof doing in the firm with 1+ packages [...]? Has the firm informed anyone whether they will get bonus for Fy 20-21 or FY 20-21 and if not then why?
5. Will the who's and who ever answer queries of ppl to whom he owes money or even care to speak to them. Will he be there in town for week before Diwali? Or will there be any wishes/gifts from firm to support staff (it's a shame)?
6. Can the firm deny the fact that imast 2 years, the firm's regular taxi company refused to provide services as they were not being paid ?
Sahab mast Baki sab past
(a) will pay retainers when we can. if you don't want to stay, please leave
(b) have redundant partners who just won't leave and we can't ask them to because we'll have to then pay them. stuck with them
(c) cannot let HS generate all the work alone. ▮▮▮
(d) will not get any work from foreign firms. we will still try to spend heaps of money to go meet them ▮▮▮
(e) won't change.
In the entire firm except Boss, Jj, Po and the no. 1 secretary/manager, no one else deserved to be paid. Koi kaam nahi karta.
Ppl in fact, come to office on Saturdays and Sundays just to increase electricity bill knowing very well that we don't have an extra penny.
Nobody is talking about the cricket matches we won against the firms who pay their Partners. What is the point of paying if one is loosing matches. Better keep them hungry.
Partners have spouses who should earn to support them if the firm is not paying.
Outstanding doesn't impact you much as you don't work, don't come to office, have no obligations of billing, while your package of 1Cr plus is being paid at the cost of other Partner's hard earned money.
Please inform everyone when did you come to office last?
Jyoti and team just had a retreat with Sheikhs and HSA's last retreat was 3 years ago in Rishikesh.
Two types of ppl becomes partner. Ones who lick or those who can be encahsed by higher billable rates. While this is common in Tier 2/3 firms... what's unique to this is - Associates/Senior Associates have outstanding of 1 months salary, APs have outstanding of 3 months and Partners have 5 months outstanding.
But forget everything, new year is coming. ▮▮▮