Hope For Mega Bonuses at Latham & Watkins?

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There have not been many bonus surprises this holiday season. Many associates have been disappointed by the meager payouts in comparison to years past. But, truly, the best bonus this year is still having a job.
As far as we know, Latham & Watkins has not yet announced its bonus. An ATL reader spotted a recent Los Angeles Times article that might give Lathamites hope. The article is about luxury shoppers cutting back this year: Rodeo Drive is deserted. The Louis Vuitton and Tiffany & Co. salesclerks are lonely. But there’s at least one big spender doing what he can to support the consumer economy:

“There’s no holding back this season,” said Barneys shopper Mark Flagel, a partner at law firm Latham & Watkins in Los Angeles. “I’m personally hopeful that the mood is better and the economy is better. Because what is there if there isn’t hope?”

Perhaps this philosophy will hold true at the Latham partner meeting to set bonuses this year.
Latham partners like to live large… and tell newspapers about it. Resentful associates might be turned off by this, but isn’t it better to see conspicuous consumption from partners than conspicuous layoffs?
Luxury shoppers still spending, but shelling out less [Los Angeles Times]
Earlier: Lawyerly Lairs: Latham Partner Gives His Wife a Fabulous Paris Pad for Her Birthday

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