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Old 02-24-2004, 12:48 AM   #2956
Fugee
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Join Date: Mar 2003
Location: Winter Wonderland
Posts: 4,607
Skadden Holiday Woes

Quote:
Originally posted by Hank Chinaski
I asked before...won't someone please outline how things could result in "needing"to work Xmas.

brc said she almost had to work xmas- can someone just explain what could possibly require this. other than a huge ego partner yelling that you have to, and you doing it to prove something.
In addition to the tax/accounting reasons requiring a 12/31 closing mentioned by other posters, there are also the completely unreasonable demands of clients and senior partners. If the CEO of a big client is going on a cruise on 12/27 and wants the deal to be closed before he goes, the partner is going to do whatever it takes to satisfy the client including making an associate work Christmas Day. If by chance the associate does not celebrate Christmas, the partner probably won't even feel bad about it though there is no guarantee the partner will feel bad even if the associate does celebrate Christmas. If the client is sufficiently important, the partner may even work on Christmas Day emself.

In addition to vacations, clients have made even more rEdiculous timing demands. The head cheese Travelers Group once reamed out his lawyers because they were not able to get a registration statement filed in time to have the red herring dated the date of his wedding anniversary.

I've had deals close with spit and tape and promises to fix things up in an amendment because the clients on both sides to a deal have set an arbitrary and too short deadline for closing and in a sick game of chicken, neither one wants to blink and say it can't be done. And when both sets of lawyers agree it is insane and try to talk their clients into changing the arbitrary deadline, they both get the "if you can't handle our work, we'll have to look for a firm that can" talk. Sometimes law really really sucks.
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