Money, money, money! That’s the big news in Biglaw, as the raises started by Milbank and upped by Cravath are making their way through the industry. But at Cahill Gordon & Reindel — a firm that made $415,200,000 in gross revenue last year — matching the market is only the start.
In addition to the generous market raises and year-end bonuses making the rounds, Cahill has come over the top. They’re also offering special bonuses to associates.
The new compensation matrix at the firm is as follows:
Beating the market by offering special bonuses on top of the year-end bonuses is something of a Cahill calling card. They’ve been at it for years. It’s nice to see the new raises haven’t stopped the tradition.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.
