The wheel of Biglaw is on full spin, as the substantial raises pioneered by Milbank and further increased by Cravath reverberate through the industry. Yet, for Cahill Gordon & Reindel—a firm that generated $415,200,000 in gross revenue last year— mirroring the market is merely the beginning.
Besides the generous market raises and year-end bonuses that are circulating, Cahill has taken it a step further. The firm is also presenting its associates with special bonuses. This gesture is a hallmark of Cahill, consistently offering special bonuses on top of the year-end bonuses. The firm has been at it for years.
The new remuneration structure at Cahill Gordon & Reindel confirms the firm’s commitment to rewarding its employees, successfully maintaining the tradition in spite of the new raises. The Biglaw community should remember that the Bignews relies on their tips to keep abreast of these vital bonus updates.
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