Originally Posted by Unregistered

that's what they said for last year too. didn't happen.

In most of the established bigger firms, base salaries are likely to remain the same. while we won't be seeing increases, there isn't likely going to be a reduction in base salaries. can't say the same of course, for the one or two man law firms.

what is likely to happen though, is the shifting of the frontloading component back to a discretionary bonus component, which will then be cut.

as such, all-in takehome compensation will still fall, but at least you can still take home a neat monthly paycheck every month. that is of course cold comfort when you see your end year bonus though, by which time you will seriously think about rage quitting and start applying to other firms...