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Money, money, money! That’s the big news in Biglaw, as the raises started by Milbank and upped by Cravath are making their way through the industry. But at Cahill Gordon & Reindel — a firm that made $415,200,000 in gross revenue last year — matching the market is only the start.
In addition to the generous market raises and year-end bonuses making the rounds, Cahill has come over the top. They’re also offering special bonuses to associates.
The new compensation matrix at the firm is as follows:
Beating the market by offering special bonuses on top of the year-end bonuses is something of a Cahill calling card. They’ve been at it for years. It’s nice to see the new raises haven’t stopped the tradition.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.
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