I’ve seen a lot of people leaving the firm recently. Not aware of layoffs, did I miss something? Alvarez & Marsal

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Interesting! Isn't A&M exceptionally well compensated to be considering B4, T2 and MBB for ranks below Partners?

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SA1 is on the right track here. Anecdotal response from a NACR perspective - it's been my experience that top performers are paid significantly above industry average... but that's directly related to being more highly utilized. Once you build a reputation for yourself you're more likely to get pulled onto deals / have less beach time. The capping hours thing is odd, must be more of a CPI/TAG/PEPI trend where engagements are "flat fee" so engagement manager/director tries to manage engagement profitability? NACR is typically a "time and materials" or value+ servce so we don't cap hours. That being said, I have seen instances of an Analyst/Associate spinning their wheels when they should have raised their hand (e.g. tried to bill an 80+ hour week for work that should have been closer to 60) - team discussed and adjusted billings accordingly as billings need to reflect value to client. I've been recognized as a high performer since coming over to A&M (6+ years) and other than my first year as an Associate my comp has never been lower than $400k - hopefully doesn't come across as boasting, wanted to provide an example that's a helpful data point related to NACR.

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No layoffs. Just the standard people leaving before the potential bonus gets high enough that it’s not worth leaving until after November.

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I got an offer from KPMG, said no. But people still do move over

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Did bonuses get paid out recently?

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No.

It’s poaching season - I’ve been offered an MD role and Principal role in the past 6 months. Imagine the others who are leaving are leaving for similar opportunities. 2 people also left in the past year to start their own companies. I wouldn’t exactly call this a bloodbath.

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@AM1 - Not into one of them, the other was a tough decision. The door is still open with them but I chose to stay with A&M for the time being.

EYP1 are you one of those who left A&M ?

Last year utilization was low on average due to covid, so comp was down. Slow first couple months of fiscal could have had people start to interview elsewhere (my guess, anyway).

300k total comp for a SD is average for the industry, at best. I'm quite surprised, must admit. Is that a regular year?

OP are you the same person who complained about A&Ms comp few weeks ago ? From what I know A&M is hiring a lot.

No, my comp was acceptable last year especially under circumstances.

It’s because the utilization is low that it would not make sense to wait for bonus you might only get train ticket to go somewhere; on flip side if you leave now you are eligible for bonus next year at new firm.

Apologies for high jacking this post, but I'm curious to how flexible are internal transfers within A&M? For example, from the FDD/TAS group to Restructuring.

It’s possible, especially if there is a slowdown in one area and surge in another due to the natural hedge of deals + restructuring being our specialities. A bunch of people with specific backgrounds (myself included) were cross-trained in RX basics last year.

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