Cahill Gordon & Reindel LLP at a Glance

Uppers

  • “Above market bonuses”
  • “Work and the clients are top notch”
  • “Lots of flexibility”

Downers

  • “Hours are long”
  • “Difficult to turn down work”
  • “Few options for litigators”

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 325 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 in a move by the company to improve its financial program and to repay TARP 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's corporate finance practice has won many honors, including leading league tables annually and being ranked by Legal 500 and Chambers USA. Cahill is ranked nationally among the leading Debt & Equity practices and ranks as Chambers USA's sole Band 1-ranked firm nationally in Capital Markets: High Yield Products for the sixth consecutive year; backed in part by client and market feedback that the practice is "a high-yield debt powerhouse" with one source describing Cahill as "the be-all and end-all of high-yield."  

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 Barclays, Brookfield Asset Management, Credit Suisse, Deustche Bank, S&P Global, and Time Warner Cable. The firm is known for its strong securities litigation and white collar defense practice in the US and London, with a caseload that includes high-profile litigations and investigations relating to structured products and derivatives, benchmark rates, "dark pools," and high-frequency trading. The firm also has a thriving internal investigations practice, including high-profile representations of companies, boards, and audit committees covering a wide array of issues, including the Foreign Corrupt Practices Act, money laundering and international sanctions compliance

Senior Counsel Floyd Abrams, considered by many to be the foremost First Amendment advocate of his time, has played a key role in a number of defining free-speech and free-press decisions, including defense of The New York Times in the seminal Pentagon Papers case. More 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 has gathered honors for its reputation for client service, legal excellence, and the ability to master complex challenges including rankings in Legal 500, Benchmark Litigation, and Chambers USA 2017, which again ranked Cahill among New York's "Elite" law firms for commercial litigation.

IN THE NEWS

December 2016
I'd Like to Buy A Hotel

Cahill represented Starwood Hotels & Resorts Worldwide, Inc., Sheraton Operating Corporation, The Sheraton LLC and Westin Hotel Management, LP, in an action brought by affiliates of the Tishman Hotel Corporation, owners of the Westin Times Square Hotel in New York City and the Sheraton Grand Hotel in Chicago to enjoin the $13.6 billion merger between Starwood and Marriott International, Inc. Cahill's litigation team was in Court on less than a day's notice for a hearing on Plaintiffs' application for a temporary restraining order, which we won, and then succeeded after expedited briefing and a full hearing in defeating Plaintiffs' motion for a preliminary injunction, following which we prevailed in the Appellate Division, First Department defeating Plaintiffs' motion for a stay of the closing pending appeal. The merger closed. 

Arch Acquisition

Cahill Gordon & Reindel LLP represented Arch Capital Group Ltd. in connection with its acquisition of all of the outstanding shares of capital stock of United Guaranty Corporation from American International Group, Inc. At the closing, Arch Capital paid approximately $3.26 billion, consisting of approximately $2.16 billion cash consideration and 1,276,282 shares of Arch Capital's convertible non-voting common-equivalent preference shares. In connection with funding a portion of the cash consideration, Cahill represented Arch Capital Finance LLC in connection with its public offering of $950 million of Senior Notes. Cahill also represented Arch Capital in connection with its public offering of 18 million depositary shares, which generated gross proceeds of $450 million, and in connection with amending and restating its $850 million credit agreement, providing for up to $350 million of secured letters of credit and $500 million of unsecured loans and letters of credit.

September 2016
Dude, You're Getting a Dell

Cahill represented the financing sources in nearly $50 billion of new debt financing that backed the landmark acquisition of EMC Corporation by Dell Inc., in a transaction valued at approximately $67 billion. The combined entity, named Dell Technologies, creates the U.S.'s largest privately-controlled, integrated technology company. The highly complex transaction is the largest buyout completed to date, and has been widely reported as the largest technology deal ever completed. Cahill represented both the debt financing joint book-running managers and the lead arrangers of the bank financing, which included a $20 billion bond offering by subsidiaries of Dell, Inc. (reported by The Wall Street Journal as the fourth-largest corporate bond offering ever completed), a Rule 144 offering of $3.25 billion aggregate principal amount of Senior Notes by subsidiaries of Dell, Inc. and $23.775 billion in credit facilities.

How Iconic

Cahill represented ICON plc (NASDAQ: ICLR), a global provider of drug development solutions and services to the pharmaceutical, biotechnology and medical device industries, in connection with its acquisition of Clinical Research Management, Inc. (ClinicalRM). ClinicalRM provides full service and functional research solutions to a broad range of U.S. government agencies. The acquisition extended ICON's presence in the market for government sponsored research and enhanced its capabilities in vaccines and infectious disease.

August 2016
The Ultimate Deal

Cahill represented the administrative agent and lead arrangers in connection with UFC Holdings, LLC's, the holdings company of the UFC, the world's premier professional mixed martial arts organization, $1.375 billion first lien term loan, the $150 million first lien revolving credit facility and the $425 million second lien term loan. Proceeds from the credit facilities were used in connection with the $4 billion acquisition of the UFC by WME | IMG.

Landmark Parental Ruling

On August 30, 2016, the New York State Court of Appeals ruled in Brooke S.B. v. Elizabeth A. C.C. that a partner who shows by clear and convincing evidence that she and her partner "agreed to conceive a child and raise the child together" has standing to seek visitation and custody under New York's Domestic Relations Law, even if she is not the child's biological or adoptive parent. The decision was a groundbreaking departure from 25 years of precedent under which partners in same-sex couples who were not the biological or adoptive parent of a child lacked standing to seek custody or visitation after the couple's relationship ended

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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 2017: 318

  • Base Salary
    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
    38 out of 38 (2Ls) (2016)

  • 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