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by samhw 1739 days ago
> There are "management" companies that will employ you full time, and draw up contracts with other clients, who pay them directly, then they take a cut of their fees, withhold income tax, and pay you the rest.

This sounds partially similar to how barristers' chambers work here in the UK. The chambers' clerks manage the barristers' contracts but also find them work, unlike in your example. In turn the chambers takes a cut of the barrister's fees (and the clerks, traditionally Cockneys with sales skills, can earn well into the middle hundreds of thousands: https://www.bloomberg.com/news/features/2017-05-23/the-exqui...). Pupil barristers who are still in training are paid a salary of £50-100k or so, which comes out of the 'pot' that the fees go into, but after that point they have no guaranteed earnings. The barristers are obliged to take any contracts they are offered (https://en.wikipedia.org/wiki/Cab-rank_rule),

I think that would be an interesting model to adopt for software engineers. You would join a 'chambers' which has a good reputation, and, by accepting you as a member, they would signify that you're a talented engineer. They would do the work of finding clients - which after all isn't a natural part of an engineer's skillset - and take a cut in return. Essentially the chambers is being compensated not only for literally finding a contract, but also for the reputation which they built up over many years, which is valuable both for clients (who know they can find good professionals) and professionals (who know they can get good and steady work).

1 comments

It sounds more like an umbrella company than a chambers if I reading it correctly. in that they aren't finding you work like a chambers would