Cahill Gordon & Reindel LLP at a Glance

Uppers

  • “The people”
  • “A great deal of autonomy”
  • “Partners are respectful”

Downers

  • “Hours”
  • “Lack of transparency”
  • “Little substantive litigation exposure”

The Buzz

  • “Top 1st Amendment practice”
  • “Finance gurus”
  • “Pressure cooker”
  • “Former compensation leader”

About Cahill Gordon & Reindel LLP

With a reputation for capital markets prowess and First Amendment excellence, Cahill Gordon & Reindel LLP is the picture of an effective-and conservatively managed-firm. With around 350 attorneys, Cahill focuses on a pool of practice areas ranging from corporate finance to crisis advisory and management.

An Exclusive Club

Cahill was founded in 1919, and from the start, it proved itself as a player in corporate law and finance. Its best-known name partner was John T. Cahill, a former U.S. attorney for New York's Southern District in Manhattan-an office that The New York Times dubbed "one of the city's most powerful clubs." Cahill led a period of growth and expansion after World War II; over time, the firm welcomed partners and attorneys with stints at the U.S. Department of Justice, the Federal Trade Commission, the SEC and the Treasury Department. Today, in addition to its financial services and banking clients, Cahill represents clients in a variety of practice areas, from real estate to government investigations.

Playing with the Big Boys

Keeping up with firms more than ten times its size, Cahill consistently ranks among the most profitable operations in the country on a per-partner basis. With global debt and equity capital markets and bank financing deals as the firm's forte, Cahill represents numerous leading banks and multinational companies. In recent times, Cahill has advised the underwriters in the IPO of Ally Financial (formerly known as GMAC) in a move by the company to improve its financial program and to repay T.A.R.P. funds allocated to it by the U.S. Treasury following the financial crisis and in the IPOs of HCA, Inc., Nielsen, and Aramark-all among the largest U.S. private-equity backed IPOs. Cahill also helped NBC in its $7.75 billion acquisition of the exclusive broadcast rights to the Olympic Games through 2032 and represented 1-800-Flowers.com in its acquisition of Harry & David. Turning to LBOs, the firm has counseled the financiers behind the recent leveraged buyouts of Dell, H.J. Heinz, Dole Foods, Gates Global, Tibco Software, and Illinois Tool Works, as well as in eight of the ten largest buyouts completed to date. In a testament to Cahill's transactional track record, the firm has won many honors and topped many rankings thanks to its corporate finance practice.

That's not to say Cahill's a one-trick pony, though. The firm has also forged a reputation as a formidable house for litigation. Some of Cahill's notable recent clients include AIG, Credit Suisse, Deustche Bank, McGraw-Hill Financial, Inc. (and its subsidiary Standard & Poor's Financial Services LLC), and Time Warner Cable. Partner Floyd Abrams, considered by many to be the foremost First Amendment advocate of his time, has played key roles in a number of defining free-speech decisions, including his defense of The New York Times in the Pentagon Papers case and his subsequent representation of reporters Matt Cooper and Judith Miller as the federal government tried to pressure them to divulge the identities of anonymous Capitol Hill sources. Recently, Cahill won a precedent-setting victory for Amarin Pharma, Inc. in a closely-watched First Amendment lawsuit that challenged the constitutionality of the FDA's restrictions on off-label promotion. Cahill also represented Pulitzer Prize-winning author James Risen in connection with a subpoena for testimony about the identity of his confidential sources. Following lengthy litigation, the U.S. Department of Justice withdrew its effort to have him testify in March of 2015. The firm continues to build its securities litigation & white collar defense practice in the US and London, with a caseload that includes high-profile litigations relating to financial crisis-era losses involving structured products and derivatives, benchmark rates, "dark pools," and high-frequency trading.

IN THE NEWS

May 2016
Hard Drivers

Cahill represented the bank financing sources in bank loan and bond issuance transactions totaling $18.1 billion to fund the landmark acquisition of flash memory company SanDisk Corp. by Western Digital, the world's largest storage manufacturer. This deal has been widely reported as the second largest technology sector acquisition announced in 2015. Cahill is also representing the lead banks in financing the $67.0 billion Dell acquisition of EMC Corp., which is expected to be the largest leveraged buyout in history.

I'd Like to Buy the World a Coke

Cahill represented Coca-Cola Enterprises (CCE) in connection with its agreement to combine with Coca-Cola Iberian Partners SA and Coca-Cola Erfrischungsgetränke AG to form Coca-Cola European Partners Plc, a new UK company that created the world's largest independent Coca-Cola bottler based on net revenues. The combined company will serve more than 300 million consumers across Western Europe, with expected annual net revenues of $12.6 billion. CCE is one of the world's largest independent Coca-Cola bottlers. Following completion of the merger on May 28, 2016, Coca-Cola Enterprises shareowners received, for each CCE share held, one share of Coca-Cola European Partners and a cash payment of $14.50 per share. Ordinary shares of the newly formed UK-based Coca-Cola European Partners Plc are now publicly traded on the NYSE and Amsterdam Stock Exchange-the first time ordinary shares of a UK-based company are listed on both exchanges. Ordinary shares of Coca-Cola European Partners plc are also traded on the London Stock Exchange and Bolsa de Madrid (Spanish) stock exchange. 

April 2016
Sprechen Sie Deutsche?

Cahill prevailed on behalf of Deutsche Bank in defeating a multi-billion dollar lawsuit brought against it in 2008 by Sebastian Holdings, Inc., an offshore investment fund run by billionaire Alexander Vik, asserting numerous claims against the bank with respect to its role as foreign exchange prime broker after the fund incurred substantial losses in its chosen investments. In 2016, the court granted Deutsche Bank's motion for summary judgment, dismissing Sebastian Holdings' complaint. In related lawsuits, Cahill is representing Deutsche Bank in enforcement actions alleging alter ego and fraudulent conveyance claims based on transfers by Vik from Sebastian Holdings to himself and other family-controlled entities, to avoid paying a $300 million judgment to Deutsche Bank ordered by the High Court of Justice in London in 2013 following the Court's finding that Sebastian Holdings failed to pay 2008 margin calls.

That Settles It

Cahill represented Barclays Bank plc in the highly publicized Credit Default Swaps (CDS) Antitrust Litigation in federal court in New York, which arose out of investigations by the European Commission and the U.S. Department of Justice concerning whether major banks colluded to limit competition in the credit default swap market in violation of U.S. antitrust laws. The total annual market for CDS is estimated to be valued in the tens of trillions of dollars but fluctuates widely with economic conditions. The massive class action case against fourteen defendants was scheduled for a 2017 trial, however, the parties reached a nearly $2 billion settlement of the action, which was approved by the court in April 2016. 

March 2016
Off-Label, On Point

Cahill prevailed in a precedent-setting victory for Amarin Pharma, Inc. in a closely-watched First Amendment lawsuit that challenged the constitutionality of the FDA's restrictions on off-label promotion, as applied to Amarin's Vascepa (icosapent ethyl) capsules. Amarin filed the case preemptively to shield itself from FDA prosecution for promoting to healthcare professionals a body of truthful and non-misleading information about uses of Vascepa that are not yet FDA-approved. After receiving a preliminary declaration that "Amarin may engage in truthful and non-misleading speech promoting the off-label use of Vascepa" in March 2016, Amarin and the doctor plaintiffs settled the lawsuit in an agreement that required the government to abide by the terms of the court's declaration going forward.

January 2016
Back to School

Cahill prevailed for pro bono client Debra Fisher, a public school occupational therapist, who was unlawfully suspended after helping a student with cerebral palsy create a school-approved Kickstarter campaign. After an independent inquiry found the New York Department of Education's investigation flawed, the Department of Education rescinded Ms. Fisher's suspension and announced it was overhauling the investigative arm of its disciplinary branch and systematically changing the procedures that produced the flawed charges against Ms. Fisher.

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Cahill Gordon & Reindel LLP

80 Pine Street
New York, NY 10005
Phone: (212) 701-3000

Stats

  • Employer Type: Private
  • Chairman: William M. Hartnett
  • Hiring Partner: Brian Markley
  • Total No. Attorneys 2016: 364

  • Employment Contact
    Donna Manion
    Director of Legal Recruiting
    (212) 701- 3901
    dmanion@cahill.com

    Legal Recruiting Office
    (212) 701-3944
    recruiting@cahill.com

  • Base Salary
    New York, NY
    1st year:  $180,000
    2nd year:  $190,000
    3rd year:  $210,000
    4th year:  $235,000
    5th year:  $260,000    
    6th year:  $280,000
    7th year:  $300,000
    8th year:  $315,000
    Summer associate:  $3,500/week


  • Summer Associate Offers
    35 out of 36 (2Ls) (2015)

  • Major Departments & Practices
    Antitrust
    Appellate
    Bankruptcy & Restructuring
    Communications
    Corporate
    Corporate Governance & Investigations
    Crisis Advisory & Management
    Employee Benefits & Executive Compensation
    Environmental
    Insurance
    Intellectual Property
    Litigation
    Media
    Pro Bono
    Real Estate
    Tax
    Trusts & Estates

Major Office Locations

  • New York, NY (HQ)
  • Washington, DC
  • London

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