What % of bonus do you think we will actually get? Has anyone heard anything about this?

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Nothing super recent, but it sounded like 50% of your target if you hit full realization was the latest estimate for Americas (this was back in early July after the second round)…though apparently there may be upside if we stay as busy as we have been for the rest of the year. Either way, honestly, I’m just mentally preparing myself for a rough bonus season regardless.

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I also heard 50% (and then your personal realization applied to the 50%) floated around at one point

If this topic is not broached at next Staff Meeting or Semi Annuals, it will be a big problem

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Personal thought: a lot of good people have been staffed almost 100% in Europe. Leadership should expect best people to leave right after if they don’t get a full bonus.. given that 2023 was as busy for them as 2022

I don’t know how market is in the US, but it’s going fine in Europe. We also paid our historically extreme focus on deal work (that was a choice of leadership).

True that 1st semester of 2023 was not as busy as 2022 for the firm as a whole but there are significant differences between people and yes, for some of them 2023 was as busy as 2022, so they won’t hesitate to leave (in Europe at least).

Point on severance is irrelevant: it’s generally no more than 2-3 months of salary and overall impact was positive on the P&L.

Not saying you’re wrong, but market is not as bad as you say (still European-centric view, I don’t know what’s going on in the US)

likesmart

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