Normal
I don’t have a list of these details to be able to comment on who does or doesn’t. Just based on the number of conversations I have about this topic, it’s not rare. I think a lot of it can come down to discretion rather than a hard policy too.Some firms will just see it as appropriate to get the money back from someone, especially given the size of the money invested. I don’t necessarily agree with it, but I can understand why they 1) have the policy and 2) utilise it. It could be very costly to be seen as a firm who is generous and doesn’t reclaw money - this is not just about people failing the SQE but also people reneging TC offers or leaving their TC part way through.Some firms have these terms that mean you could still be paying back some money if you leave upon qualification. It isn’t unknown that you have to get to 1-2 years PQE before you don’t have to pay something back.I have never heard of a firm trying to clawback all the money immediately though. That’s unrealistic and, IMO, try dangerous in terms on the impact it could have on the individual and their families mental health.I responded to Chris Lee’s post - years ago I did a clawback that was over £30k and the individual was paying it back over about 7-8 at around £300 a month. That was agreed with the individual based on what they thought they could afford.
I don’t have a list of these details to be able to comment on who does or doesn’t. Just based on the number of conversations I have about this topic, it’s not rare. I think a lot of it can come down to discretion rather than a hard policy too.
Some firms will just see it as appropriate to get the money back from someone, especially given the size of the money invested. I don’t necessarily agree with it, but I can understand why they 1) have the policy and 2) utilise it. It could be very costly to be seen as a firm who is generous and doesn’t reclaw money - this is not just about people failing the SQE but also people reneging TC offers or leaving their TC part way through.
Some firms have these terms that mean you could still be paying back some money if you leave upon qualification. It isn’t unknown that you have to get to 1-2 years PQE before you don’t have to pay something back.
I have never heard of a firm trying to clawback all the money immediately though. That’s unrealistic and, IMO, try dangerous in terms on the impact it could have on the individual and their families mental health.
I responded to Chris Lee’s post - years ago I did a clawback that was over £30k and the individual was paying it back over about 7-8 at around £300 a month. That was agreed with the individual based on what they thought they could afford.
