Venable is generally not a market leader when it comes to associate bonuses or salary. In fact, they usually don’t announce their bonuses until January.
But today at 3:00 p.m. associates have been called in to discuss “the firm’s 2008 results and outlook for 2009.”
Kirkland had a meeting today to discuss the obvious, and maybe Venable is doing the same thing. But a tipster is at least slightly concerned about the need for today’s festivities:
Considering that we don’t usually hear anything about bonuses or salaries until January (and we’re definitely NOT market), it should be interesting to see what goes down at this meeting.
Our tipster is concerned because of Latham. So far, top firms haven’t followed Latham’s salary freeze lead. But some firms do seem to be hedging their bets and putting off decisions until January.
By the end of today, we should know where Venable stands.