The Cahill Advantage
Cahill’s highly ranked corporate finance practice and its prominent commercial litigation and investigations practices are the hallmarks of one of the nation’s most profitable firms. Cahill associates receive unparalleled opportunities for exposure to top tier clients, high stakes matters and complex legal work. The firm’s free market system provides associates with an uncommon degree of control over the course of their careers, and the firm appreciates and recognizes the effort and ability that top level legal work requires.
The cornerstone of associate development at Cahill is “responsibility when ready.” As soon as associates demonstrate the necessary skill, judgment and work ethic, they are given a level of responsibility that often exceeds that afforded associates at peer firms. There are no schedules to determine when associates are ready to advance to more senior work. The free market system provides associates with the freedom to seek out the type of work, teams and responsibility they desire.
This type of autonomy is a reflection of Cahill’s culture, which prizes motivation, intelligence and respect for individuality. Large enough to handle the most complex matters, yet small enough to relate to each associate as an individual, Cahill promotes professional and personal growth. At Cahill, the primary focus is always on excellent client service. Associates who are able and eager to provide that service are subject to few rules and enjoy rare independence and responsibility.
Behind the Headlines
Cahill’s client work routinely earns awards and high rankings throughout the world. The firm has earned a reputation for premier client service, legal excellence and the ability to master complex challenges. Cahill is consistently recognized by clients, peers and the most respected legal journals and industry-specific publications for client service and exceptional lawyering.
Cahill has worked on financings for many of the most significant merger and other corporate transactions for nearly a century. Cahill advised the debt financing banks in 8 of the 10 biggest buyouts in U.S. history, represented the underwriters in the two biggest private equity-backed IPOs and the underwriters in the $2.375 billion initial public offering of common stock of Ally Financial, Inc. (formerly GMAC). Cahill also recently advised NBCUniversal in the $7.75 billion acquisition of exclusive U.S. broadcast rights for the 2022-2032 Summer and Winter Olympic Games.The deal extended NBCUniversal’s streak of having broadcast every Summer Games since 1988 and every Winter Games since 2002. Cahill lawyers are consistently involved in headline making deals. Top banking institutions trust the firm’s experience and ability to deliver solution focused advice and deal execution. That is one reason why Cahill works closely with leading banks like BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, UBS and Wells Fargo.
Cahill’s corporate practice includes corporate governance, securities, lending, mergers and acquisitions, restructuring and bankruptcy, and insurance transactions. Cahill is consistently the top legal advisor to U.S. and European high yield bond underwriters, ranking #1 by Bloomberg for representing investment banks in the over $333 billion (2014) US corporate high yield debt markets and #1 by Thomson Reuters for representing lenders and arrangers in the over $700 billion (2014) US corporate leveraged (i.e. non-investment grade) syndicated loan markets.
Cahill has a prominent litigation practice that handles matters in highly specialized areas including appeals; securities laws; antitrust and trade regulation; insurance and reinsurance; First Amendment and other constitutional law challenges; copyright, trademark and trade secret disputes; communications; bankruptcy litigation; structured finance; anti-corruption law and complex commercial disputes.
Cahill recently won a jury trial for UBS in a nationwide securities class action, and prevailed on behalf of Time Warner Cable Inc. in an appeal filed in the U.S. Court of Appeals for the Fifth Circuit by Nexstar Broadcasting, Inc. which alleged that a retransmission consent agreement between the parties included a geographic limitation on the markets where Time Warner could retransmit Nexstar stations’ signals. Cahill succeeded on behalf of Chartis Specialty Insurance Co., an AIG company, in a case relating to coverage under a political risk insurance policy with respect to a $103 million loan made to a group of hotels in Mexico. Chambers USA awarded Cahill its 2015 “Team of the Year” Award in Insurance, and has ranked the firm’s insurance litigation practice among the leading practices nationwide.
On the securities side, Cahill is representing Credit Suisse AG and its subsidiaries in civil litigations and investigations with respect to alleged manipulation of LIBOR, foreign exchange (FX) rate, ISDAFIX rate and other reference rates during the financial crisis, and has represented McGraw Hill Financial Inc. and its Standard & Poor’s subsidiary in virtually all litigations and regulatory investigations arising from S&P’s ratings of securities backed by subprime mortgages, as well as other structured finance products since the financial crisis of 2008. Cahill is advising numerous companies, boards and committees on white collar and corporate governance related matters, including internal and governmental investigations around the world. Among other things, Cahill is representing the Audit Committee of Walmart’s Board of Directors in connection with a wide-ranging investigation into alleged violations of the Foreign Corrupt Practices Act. Cahill partner David Kelley was recently appointed by the U.S. Attorney’s Office for the Southern District of New York to serve as Monitor of Toyota Motor Corporation in connection with Toyota’s statements to regulators and the public regarding issues of vehicle safety.
Throughout the firm’s history, Cahill lawyers have appeared before the U.S. Supreme Court in landmark cases, including: NBC v. United States, which helped to establish the authority of the Federal Communications Commission; Times-Picayune v. United States, which is among the Court’s seminal antitrust tying rulings; and United States v. Grinnell Corp., which addressed monopolization. Cahill partner Floyd Abrams represented The New York Times in New York Times Co. v. United States (the “Pentagon Papers” case), and appeared before the Court in Citizens United v. Federal Election Commission on behalf of Senator Mitch McConnell. Cahill filed a brief, as amicus curiae, on behalf of Fordham University, Boston College, DePaul University, Georgetown University, College of the Holy Cross, Marquette University, University of Notre Dame and University of San Francisco in Fisher v. University of Texas at Austin, a case that involved a challenge to the University of Texas’s undergraduate admissions policy that considers race as one of a series of factors in evaluating applications for admission. Cahill also represented New York Times reporter and Pulitzer Prize-winning author James Risen in a nearly eight-year legal battle with the U.S. Department of Jusice, to keep him from having to testify about the identity of confidential sources used in his book, State of War.
Cahill also has Antitrust, Appellate, Bankruptcy & Restructuring, Communications, Crisis Advisory & Management, Environmental, Executive Compensation, Intellectual Property, Mergers & Acquisitions, Pro Bono, Real Estate, Tax and Trusts & Estates practices.
Read more about Cahill’s practices here.
A Memorable Summer
Summer associates at Cahill gain firsthand experience of what it would be like to be an associate at the Firm. With substantive work assignments, thoughtful mentoring, progressive training programs and lively events, summer associates develop a true understanding of Cahill’s people and practices.
Cahill’s summer associates benefit from the free market assignment system as well. This system affords Cahill lawyers the same opportunity to have a voice in choosing their assignments – throughout their tenure at the firm – based on their interests. A cultural staple is the focus on individuality; the free market system reflects the value placed on helping associates reach their professional goals. Cahill summer associates embrace this dynamic atmosphere and begin their legal careers uniquely positioned as stewards of their own success.
In a culture where over 85% of our partners worked as associates at the firm, Cahill’s lawyers can feel confident that their development is of great interest to those around them. Cahill partners participate in every aspect of associate development, from the design and implementation of training and development, to serving as active mentors.
Summer associates also have opportunities to gain valuable public interest experience and a deeper insight into the judicial system. Throughout the summer, Cahill summer associates can work directly with pro bono clients through organizations like Sanctuary for Families, the Legal Aid Society of New York and youth services centers such as The Door. Summer associates observe trials, visit judges’ chambers and have lunch with judges.
Cahill’s summer associates are in constant contact with other associates and partners and are brought together socially with fun events, including cooking classes, attendance at premier NY sporting and cultural events, a fishing trip, and evenings attending Broadway shows. Summer associates are invited to lunches, happy hours and dinners with Cahill attorneys throughout the summer, and to receptions held at partners’ homes.
Click here to learn more about Cahill’s summer associate program.
Make Your Mark
A passion for challenging and distinctive work is a core value that’s as central today as it was in 1919 when Cahill was founded. Guided by business savvy leadership, Cahill applies professionalism and appreciation for individuality to the business of practicing law and to professional development; this forms the cornerstone of Cahill’s culture.
Cahill’s summer associates work on client projects such as corporate diligence, researching facts and law, drafting contracts, writing briefs, preparing pleadings and motions, and assisting at depositions, hearings and trials.
Cahill prides itself on its meritocratic culture and offers top-of-the-market compensation and benefits, including above-market bonuses in recent years.
Click here to read more about a career at Cahill.