2020 Vault Rankings
- Real Estate#18
- New York#33
At a Glance
“People are nice.”
“Heavy face-time requirement.”
“Volume of work/demands.”
About Cadwalader, Wickersham & Taft LLP
Established more than 225 years ago, Cadwalader, Wickersham & Taft LLP is the oldest Wall Street firm still in existence. Among its practices are capital markets, corporate, financial restructuring, litigation, and real estate. The firm is a well-established presence in the New York; Washington, DC; Charlotte; and London legal markets.
Dating Back to the Days of Washington . . . As in George
Cadwalader was founded in 1792, when folks were still sealing letters with wax and writing with quills. But the firm revolutionized law firms by doing away with the old system of unpaid law clerkships and establishing the role of the associate.
The present-day Cadwalader forged a niche in the early New York legal field by working on commercial claims, litigation, maritime law, and real estate for banks, and representing insurance companies and members of New York society. The real catalyst for the firm’s growth and increased financial stability throughout the 20th century, however, came when former U.S. Assistant Secretary of State John L. Cadwalader joined the firm in 1878, bringing big-time corporate connections with him.
A regular in the top 20 of Vault’s Real Estate practice ranking, Cadwalader is well known for its work in the area, which includes construction finance, distressed real estate financings, joint ventures, loan sales, management and leasing, mezzanine loan financings, and mortgage finance.
The firm boasts a strong transactional practice, with a stellar reputation for its capital markets and securities work. Cadwalader has held steady in the top 20 of Vault’s Securities/Capital Markets ranking. In May 2019, the firm was recognized by the IFLR Americas Awards as the Structured Finance and Securitization “Team of the Year” and for the “Deal of the Year” in connection with its work on Marathon Asset Management’s CRE CLO.
Cadwalader also tries to stay on the cutting edge and provide innovative solutions for its client. For example, the Cadwalader Cabinet—an award-winning, web-based financial regulatory knowledge and intelligence platform—utilizes powerful expert systems to allow financial service practitioners to perform legal, compliance, and transactional tasks through an interactive online solution.
The firm offers a year-long First Year Training as well as a Mid-Level Training Program and a Business Development Training Series for all attorneys to sharpen their business development skills in such areas as networking, branding, developing relationships, and perfecting pitches.
At Cadwalader, associate life isn’t all about work. The firm holds various programming, including its Civil Rights Series. Through this initiative, the firm hosts speakers from a variety of civil rights organizations, including The Leadership Conference on Civil and Human Rights, The Women’s March, Lambda Legal, GLAD, The Southern Poverty Law Center, ACLU, NAACP, The Brennan Center for Justice, The NYC Commission for Human Rights, and the Center for Reproductive Rights. The goal of the program is to spark conversation and involvement in pro bono and the community.
News & Awards
Cadwalader’s managing partner Patrick Quinn was interviewed by Law360 in April. The article provided a look at Cadwalader’s strategy, its active “growth mode” plans, and the importance of diversity to the firm’s success.
Food Bank For New York City’s Justice Served campaign, founded by Cadwalader, continues to feed the hungry in New York City, raising money and awareness for those in need. The firm’s work with the campaign was featured in the New York Law Journal in April.
The American Lawyer’s 2018 Mid-level Associates Survey, which gauges job satisfaction among third-, fourth- and fifth-year associates, ranks Cadwalader 5th nationally, the firm’s highest position ever in the national rankings and a significant step up from its 13th place ranking a year ago. In the survey’s regional tables, Cadwalader is ranked 2nd in London; 4th in Washington, DC; and 5th in New York.
Cadwalader was once again ranked as the No. 1 law firm advising issuers and underwriters on commercial MBS offerings, topping the 2018 rankings released by Commercial Mortgage Alert. The firm has now been ranked first in the issuer counsel category for 19 years running.
- Cadwalader represents Assured Guaranty, the largest creditor in Puerto Rico’s restructuring of approximately $73 billion of outstanding debt, the largest-ever U.S. municipal debt restructuring with significant legal, economic, political and social implications.
- Cadwalader is advising the Federal Reserve’s Alternative Reference Rates Committee in its efforts to develop best practices for cash products in the post-LIBOR world—a $200 trillion market.
- Cadwalader advised D.E. Shaw & Co. in its agreement to add four new directors to the board of Bunge Ltd.
- Cadwalader advised Inteva Products, a leading global tier-one automotive supplier of engineered components and systems, on the sale of its Roof Systems product line to CIE Automotive.
- Structured Finance and Securitization Team of the Year – Americas, IFLR (May 2019)
- Best Place to Work for LGBT Equality, Human Rights Campaign Corporate Equality Index (May 2019)
- European CLO Law Firm of the Year, GlobalCapital (March 2019)
- Client Service A-Team, BTI Client Service Survey of Law Firm Client Service Performance (December 2018).
- Financial Services partner Lary Stromfeld named as one of North America’s top 10 legal innovators in the Financial Times’ 2018 Innovative Lawyers Awards.
200 Liberty Street
New York, NY 10281
Phone: (212) 504-6000
Managing Partner: Patrick Quinn
Hiring Partners: Henry LaBrun (Charlotte), Lisa Pauquette (New York), Jodi Avergun (Washington, DC)
Total No. Attorneys 2019:
250 - 500
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
9th year: $350,000
10th year: $360,000
Summer associate: $3,654/week
Summer Associate Offers:
25 out of 26 (2Ls) (2019)
No. of Summer Associates:
28 total (26 2Ls; 2 1Ls) (2019)
Director of Legal Recruitment
See firm website for more information.
New York, NY (HQ)
Derivatives & Structured Products
Executive Compensation, Benefits & ERISA
Insurance and Reinsurance
Securitization & Asset Based Finance
White Collar Defense and Investigations
*See firm website for complete list of practice areas and industries.