Tax Man's ProfileI know what the bonus amounts have been at lockstep firms for the past couple of years as the market has been hot, but I’d really like to know what bonuses were like in earlier years.
If the economy continues to tank, will firms cut out all bonuses for 2008?
The red links are really starting to annoy me.
I don't think it's such an unreasonable question. That is, what happened in 2001 following the layoffs that occurred? Did bonuses dry up altogether, or did firms still pay out year-end bonuses?
For example, Williams & Connolly raised their starting base to $180K earlier this year (but they pay no bonuses). Can we expect lockstep firms to have a minimum $20K bonus (class of 2007) for 2008?
It's entirely foreseeable (and perhaps likely) that even if things don't go well that firms still pay out generous bonuses in 2008. I merely ask to know what the general consensus is - will bonuses drop, stay flat, or increase (probably impossible after last year's "special bonuses") for 2008?
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