Check out New York banking and finance powerhouse Cahill, the firm where neither associate nor client truly feels the pinch.
Cahill Lateral Profile 2024
They say that money makes the world go round – and for Wall Street local Cahill, we can bet your bottom dollar it gets something spinning. After all, being nestled within New York’s financial district is a sure indication that Wall Street and Fortune 500 companies will, no doubt, be knocking at the door – and knock they do! One junior shared that “what drew me to Cahill was its banking and finance prowess within New York, specifically their leveraged finance work.” They added that “even as a student, I was aware of their market position and just how well regarded they are generally.” But despite the big-hitting clients and reputation, the firm remains on the smaller side in comparison to others in the market - something that was quite attractive to our associates. “I really liked the fact it was a smaller firm,” quipped one source: “I was looking for that tight-knit community feel where you know everyone. Cahill certainly gave that vibe.”
View the firm’s Chambers USA rankings
Read the firm’s Inside View feature on junior associate life
Why did you join your firm? Associates say…
“People at the firm spoke to you like you were an adult, with respect but expected you to be engaged and thoughtful in your discussion.”
“I joined because of both the free-market system and the firm’s chill vibes.”
“Everyone I met was extremely kind and professional.”
Strategic Recruitment Focuses 2024
Careers at Cahill
The view from the firm: Cahill advises market-leading financial institutions, major corporations and their boards on a wide variety of corporate transactions, including financing transactions and mergers and acquisitions, as well as commercial, securities, white collar, insurance, antitrust, intellectual property, first amendment litigation, regulatory matters and corporate governance matters that are often international in scope.
Our strategic growth goals include building on past success while expanding into new practice areas, including Private Credit and Direct Lending, IP Life Sciences, Digital Currently, Corporate Restructuring and Trading and Markets.
Career Development & the Path to Partnership
|
7 |
2.08 : 1 |
73% |
||
|
partners made in 2023 |
associate : partner gearing |
of associates intend to make partner |
||
|
59% |
50% |
83% |
||
| felt partnership was achievable for attorneys with children | felt partnership was achievable at the firm | agreed partners are nurturing future leaders |
||
The view from the firm: Close interaction between clients, partners, and associates fosters strong connections and accelerated career development for our associates. Our Education and Training Committee has structured timely and specialized training for the work that our lawyers do through our Cahill Academy programming. Programs for junior associates center on Core Competencies. These programs are designed to help lawyers develop a solid foundation of substantive skills and know-how and professional practice competencies, as well as engage lawyers in the culture and life of the firm and aid them in forming a strong professional network.
More senior lawyers participate in training programs with increasing levels of complexity and difficulty. Programs include presentations, discussion sessions and small group workshops. In partnership with our Professional Development Committee, Cahill Academy also offers one-on-one coaching opportunities, career development seminars and leadership exercises. In addition, programs sponsored by our Diversity, Equity & Inclusion Committee and our Women's Initiatives Committee, such as our Women Attorneys Leadership Program, further our goals of maintaining an inclusive working environment and promoting diversity within the firm. We also offer a formal mentoring program, structured to provide customized support and thoughtful career advice from partners and more senior associates throughout an associate’s career at Cahill.
Hours & Compensation
|
no requirement |
16 |
46 |
|
billable hours |
average number of vacation days associates took in one year |
average number of hours associates worked in one week |
|
57% |
77% |
77% |
| agreed they had a good work-life balance |
said the benefits package makes the workload worthwhile |
found the bonus allocation fair and transparent |
Salaries
1st year: $225,000
2nd year: $235,000
3rd year: $260,000
4th year: $310,000
5th year: $365,000
6th year: $390,000
7th year: $420,000
8th year: $435,000
The view from the firm: Cahill has no minimum hours requirement with billable credit for pro bono hours; highly competitive annual salaries and bonuses, often above that of peer firms, with salaries that are lockstep based on class year. The firm also offers a hybrid approach to remote work and generous leave policies for new parents.
Is Cahill the right firm for you?
|
84% |
68% |
86% |
|
were happy in their current role |
agreed the work is interesting |
felt comfortable being themselves at work |
The view from the firm: Our vision is to do what we do exceptionally well, to be of a size where we can really know one another and build relationships, and to give attorneys the opportunity to learn and grow at a rate that is unmatched in the industry. We value initiative, which translates to trusting our attorneys with responsibilities as they are ready for them. Lateral hires will combine initiative with experience, creativity and intellect to make meaningful contributions to the work of the Firm. Roles of all levels, from junior corporate associate to Counsel with significant capital markets and bank lending experience.
Here's what survey respondents had to say about the firm's culture...
“Entrepreneurial spirit and small community feel.”
“There’s a general lack of egos across practice years.”
“Everyone is really friendly and genuinely likes each other.”
Diversity, Inclusion & Wellbeing
|
36% |
23% |
28% |
||
|
reported diverse staffing on teams/cases/matters |
of partners are women |
of associates identify as ethnically diverse |
||
The view from the firm: Cahill is deeply committed to diversity and to fostering an environment where all individuals are respected, understood and appreciated. We are dedicated to maintaining a work environment that is inclusive, and celebratory, of our differences. A mainstay of our strategy is for our recruiting process to focus on enhancing the Firm’s diversity on all levels. We continue to invest in the advancement and of diverse talent, and selected our inaugural 2L Diversity Fellowship recipient. We are also focused on retaining our diverse attorneys, with emphasis on mentoring and affinity group activities. We look to bring engaging diversity training and programming to all members of the firm.
Pro Bono
|
undisclosed |
82% |
|
average pro bono |
agreed the firm is committed to pro bono |
Sustainability & CSR
The view from the firm: Like many of our clients, Cahill is committed to an environmental sustainability program within our offices and has undertaken a number of initiatives to reduce consumption and our carbon footprint. Cahill is an active participant in the Law Firm Sustainability Network (LFSN), whose members seek to enhance their environmental efforts through cooperation and sharing of ideas, and to raise awareness of sustainability issues within the law firm community. Beyond our membership in the LFSN and adherence to its principles, Cahill has created the Cahill Green and Wellness (CG&W) Initiative, which has resulted in various programs and policies to benefit our community by decreasing our environmental impact while promoting wellness for our employees.
Contact
Learn more about opportunities at the firm
Recruitment contact: Cindy Hasson, Director of Legal Recruiting
Tel: 212.701.3908
Email: chasson@cahill.com