Cahill Gordon & Reindel on Wednesday broke ranks with other New York law firms by announcing associate bonuses that exceed the market rate, sources said.

Cahill partners told its 184 associates individually yesterday that they can expect an initial bonus ranging from $10,000 to $25,000 and then in January the firm will likely pay a year-end bonus that matches the $7,500 to $35,000 rates set by Cravath Swaine & Moore and other firms, two sources familiar with the discussions said.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]