Cahill Gordon & Reindel

Associate Bonus Speculation: Will Cahill Double the Market In Secret?

By

Bonus season is in full swing, and it appears that most Biglaw firms are falling in line behind Cravath. The chances of a firm besting the Cravath scale in any meaningful way grow slimmer everyday.

But according to one tipster, there is still hope for associates, and it’s coming from an unlikely place. A tipster believes that Cahill Gordon intends to double the Cravath bonus. But not all at once. Cahill doesn’t want to look like it’s breaking the market.

Now it might sound weird for Cahill to be willing to pay more but not wanting to get credit for it — but let’s check out what this tipster has to say…

double red triangle arrows Continue reading “Associate Bonus Speculation: Will Cahill Double the Market In Secret?”

80 Comments

Quote of the Day: She’s No Miss Congeniality

By

At a big law firm you are doing so much mindless work and so much suck-uppery. And I am not a suck-up kind of person.

– Ann Coulter, conservative pundit and former Cahill Gordon & Reindel associate.

41 Comments

Fall Recruiting Open Threads: Vault 61 – 80 (2011)

By

With fall recruiting gearing up, and the lateral market warming up, we continue our annual series of open threads about the law firms featured in the Vault prestige rankings. These threads provide ATL readers with a forum to discuss the different firms and their various strengths and weaknesses.

The end of the Vault 100 is in sight. We’re covering the firms in batches of 20 now. Here are the firms ranked #61 to #80, which will provide today’s discussion fodder:

61. Greenberg Traurig, LLP
62. Holland & Knight LLP
63. Fish & Richardson P.C.
64. Sonnenschein Nath & Rosenthal LLP
65. Cahill Gordon & Reindel LLP
66. Foley & Lardner LLP
67. Perkins Coie LLP
68. Nixon Peabody LLP
69. Patton Boggs LLP
70. Kaye Scholer LLP
71. Hunton & Williams LLP
72. Reed Smith LLP
73. Steptoe & Johnson LLP
74. Chadbourne & Parke LLP
75. Howrey LLP
76. Bryan Cave LLP
77. Lovells (US) [now part of Hogan Lovells]
78. Katten Muchin Rosenman LLP
79. Crowell & Moring LLP
80. Schulte Roth & Zabel LLP

This is a very eclectic group, including a few New York-centric firms, some D.C.-dominated places, and a bunch of national and even international giants.

Let’s take a closer look at some of these shops….

double red triangle arrows Continue reading “Fall Recruiting Open Threads: Vault 61 – 80 (2011)”

51 Comments

Associate Bonus Watch: Cahill Gordon Gives Out Mid-Year Bonuses

By

Yes, you read that headline correctly. Out of nowhere, Cahill Gordon & Reindel has decided to give out a mid-year bonus. Not Cravath, not S&C, but Cahill Gordon. The same Cahill Gordon that is one of the few firms to have significant layoffs in 2010. This is the firm that could push the market towards mid-year bonuses?

Apparently so. A tipster reported the bonus scale to Above the Law. It’s not a huge amount of money, but it’s something….

double red triangle arrows Continue reading “Associate Bonus Watch: Cahill Gordon Gives Out Mid-Year Bonuses”

51 Comments

Quote of the Day: You Can’t Handle the Truth

By

I’d rather not get into it. You’d fall off your chair.

– Leading First Amendment lawyer Floyd Abrams, declining to discuss with the New York Times what he and Cahill Gordon are charging the ratings agency S.& P.

4 Comments

Nationwide Layoff Watch: Cahill Gordon Resolves To Lose Some Weight

By

Cahill Gordon logo.jpgLast January, Cahill Gordon & Reindel started the year by cutting approximately 10% of its associates. Sources report that 2010 is off to a similar start.
Says one tipster:

[I]t’s about 20-25 people. Mostly younger associates but some more senior people as well. Standard 3 months severance….
[I]t’s being termed performance based, typical stuff related to year-end reviews, etc. But the subtext and what people are being told is that it’s largely about there being too many people.

We reached out to the firm for comment this morning, but have not yet heard back. One of our tipsters claims that this round of layoffs will make Cahill New York as white as freshly-fallen snow…

double red triangle arrows Continue reading “Nationwide Layoff Watch: Cahill Gordon Resolves To Lose Some Weight”

123 Comments

Are Clerks Welcome Back at Cahill?

By

Cahill Gordon logo.jpgIf you are a Biglaw associate and are lucky enough to score a federal clerkship, congratulations. It is a nice feather in your cap.
But in this job market, are you wise to actually accept your clerkship offer?
As many of you know, clerks have to formally resign from their firms while clerking. In the before times, in the long, long ago, this was no big deal. You resign, clerk for a year or two, and then get “re-hired” by your firm when you are ready to return to private practice.
As the legal recession took hold last year, some associates who received clerkship offers worried that their firms wouldn’t hire them back. But for the most part, people decided to take a clerkship instead of staying at the firm and risk getting laid off.
At Above the Law, we’ve heard a lot of talk about these clerks trying to come back to work now, only to find the door back into Biglaw closed.
At Cahill Gordon, we’re hearing that clerks were not re-hired despite promises to do so.
Details after the jump.

double red triangle arrows Continue reading “Are Clerks Welcome Back at Cahill?”

123 Comments

Legal Eagle Wedding Watch 11.1: The Beard

By

champagne glasses small.jpg
As expected, Ivanka Trump and Jared Kushner easily won our October Couple of the Month poll. You can read all about Ivanka’s newlywed bliss here, here, and here (she’s already “gadding about the city ringless.”)
Now we plummet back to earth to turn the LEWW spotlight on more ordinary folk. This week’s contestant-couples:

1. Lisa Klein and Blake Sparrow
2. Sarah Goodstine and Laurie Levin
3. Rachel Moston and Garrett Ross

Get the scoop on these newlyweds, after the jump.

double red triangle arrows Continue reading “Legal Eagle Wedding Watch 11.1: The Beard”

Fall Recruiting Open Thread: Vault 61 – 70 (2010)

By

comparing.jpgAs we get back to the Vault rankings, we encounter more firms that have engaged in stealth layoffs. And a firm that conducts mass transit layoffs.
To refresh your memory, here’s the next group:

61. Cooley Godward
62. Pillsbury
63. Sonnenschein
64. Cahill
65. Holland & Knight
66. K&L Gates
67. Nixon Peabody
68. Foley & Lardner
69. Kaye Scholer
70. Steptoe & Johnson

The penalty for having a partner announce layoffs on a train was six spots according to Vault. There have been other Pillsbury cutbacks. But the Acela incident happened when associates had Vault surveys sitting on their desks.
After the jump, let’s take a look at some of the other firms in this group.

double red triangle arrows Continue reading “Fall Recruiting Open Thread: Vault 61 – 70 (2010)”

120 Comments

Summer Offer Rate Open Thread: Are We Back to 100%?

By

summer associate program offer rate no offer.jpgSummer programs at many firms are shorter this year than last year. That means the summer is over at a lot of places, and summer associates are starting to learn their fates.
So far, there is some surprising news. Summers are getting offers. Many people have reported that their firm has given full, 100% offers to 2009 summer associates. Summers at Sullivan & Cromwell and Davis Polk are just some of the people reporting good news:

Davis Polk & Wardwell and Sullivan & Cromwell have extended offers to all of their summer associates.

Update (12:35): Additional tipsters inform us that Davis Polk has only given 100% offers to the summers that have already left. That is about half of the summer associates. The rest of the SAs leave on Friday, so we’ll see.
We also have received word that Cravath is making 100% offers.
After the jump, let’s look at a few more firms that we believe are making full offers to this year’s summer associates.

double red triangle arrows Continue reading “Summer Offer Rate Open Thread: Are We Back to 100%?”

250 Comments
Page 3 of 512345