At my company everyone gets 2 monitors. We started with 19" in 2006. Moved to 24" after a fire and insurance replacement and then have upgraded to 27" primaries as sales and new machines were ordered.
After 7 years of multi monitor usage with a team of 12 people I can safely say that bigger is not always better. More desktops to work with are a boost. Pixel density is nice, but the OS by default handles multi monitor much better than any window manager and you can do things like one horizontal and one vertical.