Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP Company Profile

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 bankruptcy and restructuring 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 recent $7.75 billion acquisition of the exclusive broadcast rights to the Olympic Games through 2032. Turning to LBOs, the firm has counseled the financiers behind the recent leveraged buyouts of Dell, H.J. Heinz, Dole Foods, Active Network, BMC Software and DuPont Performance Coatings, as well as in eight of the ten largest buyouts completed in the 2006-07 buyout boom. 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 Credit Suisse, 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, Abrams appeared before the Senate Judiciary Committee in a hearing on campaign finance addressing the proposed constitutional amendment to limit campaign spending by outside groups. In 2010, Cahill prevailed on behalf of Sen. McConnell in the landmark Supreme Court decision in Citizens United v. Federal Election Commission, in which the U.S. Supreme Court ruled in a 5-to-4 decision that government may not ban political independent expenditures by groups such as corporations, associations, and labor unions in candidate elections.

IN THE NEWS

April 2014

Underwriters Find "Ally" in Cahill
Cahill represented the lead underwriters in connection with the Initial Public Offering of 95,000,000 shares of common stock of Ally Financial, Inc. (NYSE: ALLY), the former financing arm of General Motors. The deal, which generated gross proceeds of $2.375 billion, was one of the largest U.S.-listed IPO completed in 2014. The common stock will be made available through a sale by the U.S. Treasury Department, reducing the government's stake from 37 percent to 17 percent.

May 2014

Credit Suisse turns to Cahill
Cahill is representing Credit Suisse Group and its subsidiaries in all U.S. litigation with respect to alleged manipulation of the global foreign exchange markets during the financial crisis.

FCPA Powerhouse  
Cahill is representing Teva Pharmaceuticals in expansive global investigations by the U.S. Department of Justice and the Securities and Exchange Commission in connection with possible violations of the Foreign Corrupt Practices Act (FCPA). In 2013, Cahill was selected as one of Law360's top ten FCPA Powerhouse firms, described as "an elite group of 10 firms that have emerged as true leaders in the fast-growing field, earning them a spot on Law360's inaugural list of FCPA Powerhouses."

November 2013

The Power to do More, Leveraged Finance
Cahill represented the lead banks in bank and bond transactions to fund the buyout of Dell Inc. by Michael Dell and Silver Lake Management.

Cahill represented BofA Merrill Lynch as administrative agent and the lead arrangers in connection with a $4,660,000,000 Term B loan, a $1,600,000,000 revolving asset based credit facility, a $1,500,000,000 Term C loan, a €700,000,000 Euro Term loan, a €300,000,000 revolving asset based credit facility and a CAN$100,000,000 asset based credit facility for Dell International. Proceeds from the loans were used to partially finance the acquisition.

Cahill also represented Barclays and Credit Suisse as lead joint book-running managers and the other bank managers connection with the Rule 144A offering of $1,500,000,000 aggregate principal amount of 5.625 percent Senior First Lien Notes due 2020 by Denali Borrower, Denali Finance Corp. and Denali Acquiror Inc., to be merged with and into Dell Inc. Proceeds of the offering were also used in connection with the acquisition.

Valued at $24.9 billion, the transaction is reported to be the largest leveraged buyout completed since 2007 and one of the largest buyouts in history.  Prior to the private transaction, Dell had been a publicly traded company for more than a quarter century. Dell stockholders received $13.75 in cash for each share of Dell common stock they held. That is in addition to a special cash dividend of 13 cents per share for total consideration of $13.88 per share in cash.

August 2013

A Clean Sweep
Cahill represented the second lien agent and the second lien lenders in the Oreck Corporate bankruptcy cases, advising in Oreck's 363 sale of its assets to the owners of Hoover Vacuums and related brand, in which the second lien lenders were paid in full. The transaction has been named Retail Manufacturing/Distribution Deal of the Year by The M&A Advisor in its Annual M&A Advisor Turnaround Awards 2014.

Picture Perfect
Cahill won a libel action for Yale University Press brought against the publisher (and other defendants including The New Yorker magazine) by a forensic art authenticator who claimed he was defamed by a passage in a Jackson Pollock biography. The U.S. District Court for the Southern District of New York dismissed the suit in its entirety, ruling that the plaintiff was a limited purpose public figure and, as such, failed to meet his burden of adequately alleging that Yale University Press acted with actual malice in publishing the Pollock biography.

▲ Show Less▼ Show Full Description


Cahill Gordon & Reindel LLP


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

STATS


  • Employer Type: Private
  • Chairman: William M. Hartnett
  • Hiring Partner: Doug Horowitz
  • Total No. Attorneys 2014: 350

  • Employment Contact

    Donna Manion
    Director of Legal Recruiting
    Phone: (212) 701- 3901
    E-mail: dmanion@cahill.com

    Legal Recruiting Office
    Phone: (212) 701-3944
    E-mail: recruiting@cahill.com


  • Base Salary

    New York, NY
    1st year:  $160,000
    2nd year:  $170,000
    3rd year:  $185,000
    4th year:  $210,000
    5th year:  $230,000    
    6th year:  $250,000
    7th year:  $265,000
    8th year:  $280,000
    Summer associate:  $3,077/week


  • Summer Associate Offers

    50 out of 51 (2013)


  • Major Departments & Practices

    Antitrust
    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

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers

SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)