Help!Looking to Sue my Bank for disability acquired
Hi
Considering suing my bank for disability acquired because of overwork. I work in London. Keeping it brief for privacy reasons. Doctors are supportive of my disability. I am here for brainstorming: I will be engaging a lawyer 1. Any reason why should I not sue the bank? 2. What are arguments I can make? obviously, the arguments would include all the ugly things about the IB culture. 3. What are the arguments I can make that my bank should have done to prevent putting me in this situation. 4. What are the potential counterarguments the bank would make
Appreciate your help
I’m just gonna say you won’t win lol
Why do you think so? give me one reason. Acquiring a total disability from working brutal hours is very rare. Thats why there is not much precendents in banking and tendency is to say "you won't win" Acquiring chronic illnesses is common in banking. Chronic illnesses are not disabiling. They limit the persons life. Bankers with chronic illnesses switch to less stressful work. In those cases, their case to sue the employer is not strong as they can still work. Plus they dont have the incentive to do so to avoid ruining their reputation. However, when it comes to total disability, its totally different. Case is very much stronger
Lol, I'm not going to get into the legal argument with you because frankly I don't know that well but tell me, how are you gonna be paying all those legal fees? I'm sure the bank will settle with you but not for any grand amount of sum you're looking for.
Also if your case is really that strong you wouldn't be on here asking for help.
New account with four posts and a shit-ton of typos....gonna call a troll here. 4/10
If you're hiring a lawyer then you don't need to engage random people on the internet to "brainstorm" your case.
The obvious counterargument to whatever claim you make: you're an adult who had every reason to know what he was getting into and still signed on voluntarily in exchange for extraordinary compensation. That said, this argument doesn't hold water in the US nearly as often as I'd expect.
Trust me, in individual cases, unless you find the right lawyer, lawyers are not magicians. You should bring out your arguments. They would guide you and present your claim.
Speaking legally, -The employer has a duty for the safety and health of the employee. That's why labour law exisits. Otherwise, employers can very well abuse employees and exploit conditions were there is supply of workfoce more than jobs available. -Extraordinary compensation is not a counterargument. Similarly i can consider myself "extraordinaty talent" -There is nothing in my contract that waives working more than 40 hours -There is no explicit description that says I need to be working 100 hours. Even if there is, its illegal and will never be approved by labor law.
if that were a counterargument, employment laws literally would not exist lol.
You’ll probably need to show that you pursued change through right tracks and it was ignored or something. It’s also probably going to arbitration by someone selected by the bank - that’s how most employment contracts are structured.
You should have quit months before. This falls on you. No chance you will win and you will likely blow through all the money you made in your short career on legal fees.
My advice would be to lick your wounds and find a new job.
Can you say why I have no chance? Legal fees are success fee based from the claim.. Cant work, cant lick my wounds
You need a good lawyer, and they wont do fees based on success
It seems a tough case to win, I know employment laws prohibit the bank from "enslaving" its employees but they could make a case that anybody who joins the industry is expected to put the necessary extra working hours to complete their work and that you reasonably knew about it when you joined.
I'd give it a lot of thought before bringing legal action to your previous bank. Do you want to work in finance? Are there parts of the job you enjoyed more than others? There are many different segments of banking, for example commercial banking (shameless plug). The hours aren't nearly on 100hr week levels and the pay is decent.
This next part isn't shaming or in any way trying to tell you to suck it up. I think maybe the outcome of this experience is that you found out that IB isn't for you, and that's ok. I don't know your resultant disability but I doubt you'll get paid out by the bank. If you do, it won't be an amount that you can live off of. You need to think of what you're going to do next.
Depending on the bank and the circumstances, you can actually win - but you won't get a lump sum. They'll offer to pay out 50% of your base for the rest of your life before you go to court, and any lawyer worth a cent will advise you to take it.
Very curious as to what permanent disability one can get from working too much. Workaholism?
Engage a lawyer. They will probably charge you by the hour. They are not going to do a percentage since this is a loser case. You have an uphill battle that is going to require a lot of expert testimony.
The doctors may be supportive of the disability which I don't doubt. But having them get on the stand during trial and risk their reputation to say your job caused it is a different story. Even if they do say that, the other side will have 5 better qualified doctors to show your doctor is no better than a veterinarian.
Court cases are also public record and show up in internet searches at times. This will not help you find another job, which you will need since SS disability pays a pittance and limits your earnings.
Work related injuries can also be limited by workers compensation, so that is another avenue to pursue. They would be more willing to pay out than a bank. In NY, for typical injuries on the job or related to the job your only avenue is Worker's Comp unless the employer is negligent or some other factor.
Maybe he really is that disabled... I mean, he did come to WSO looking for legal advise lmao
my friend - let me put this in simple terms that your tiny mind can get.
As a I-banker, you work hand in hand with your client to create the marketing materials of their company and make it look as its a must have one a kind company. The client provides you the raw material, you package it and add your industry knowledge on top of it. The more information the client provides, the more tools the banker has to create top notch marketing material.
Similarly, in legal cases, I need to provide the raw material (what happened to me, how IB works, what preventative policies are implemented in peer banks, and more things related to IB specifically...) and my lawyer would package it, structure it and add their arguments in the context of labour law..
worst are the stupid people like you that try to be funny
As tiny as my mind is it is able to comprehend the following.. A) you won't get nearly the compensation you're looking for B) if you really had even a half decent legal team, you wouldn't need to come to WSO to pool together ideas C) if your case really is so shit you had to come here to bolster it... see A
Don't waste time going after them for something that is ultimately your fault. Total waste of time and energy.
I love seeing posts like this bc it shows how soft our generation is and if you have any mental or physical toughness nowadays you will succeed because almost everyone is a complete fucking pussy like op
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