15th July 2011, 01:48 PM
Casting my mind (such as it is) back to the previous recessions(s), certainly in other professions it was the larger firms with money squirrelled away that "bought" jobs, to keep the firm going and a core of staff employed. Some architects even did jobs for zero fee. Up to them in one sense, and good for the core of staff kept on, but bad news for small and medium firms that couldn't work for nothing and needed the fee income to stay afloat: many didn't of course. One might of course question the quality of the work produced under such circumstances - no, silly of me.