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Matt Levine covered what was an absolutte banger of a press release from JPMorgan

> JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter. Exceptions may include extra work to complete live deals, the person said.

My favorite part if the analysis was by far

> If there is nothing particularly urgent for you to do, it’s fine for you to come in at 9 a.m. and leave at midnight Monday through Friday and work just one afternoon per weekend, but obviously if you’re on a deal you’ll need to do more.

https://archive.ph/2DI49




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