In a sign that 2011′s flat results were a mere blip in an otherwise steady upward climb in recent years, Cahill Gordon & Reindel hit new highs in both revenue and profits in 2012, according to The American Lawyer‘s reporting. The firm’s gross revenue increased 6.9 percent, to $348.5 million, while its profits per partner jumped 10.7 percent, to $3.555 million. "It was a record year, and we were quite pleased," says Jonathan Schaffzin, a Cahill executive committee member. "We were hitting on all cylinders for all practices throughout the entire year." On the litigation side, Schaffzin says, the firm’s government investigations and securities litigation practices deserve special note. In particular, he cites the work of partner David Kelley, a former U.S. attorney for the Southern District of New York who represented HSBC Holdings plc on a $1.25 billion deferred prosecution agreement with the U.S. Department of Justice and other regulatory settlements related to allegations that the bank failed to maintain an effective anti–money laundering program. (HSBC’s forfeitures and penalties totaled $1.9 billion.) Kelley and partner Bart Friedman are also representing the audit committee of Wal-Mart Stores Inc. in an internal investigation focused on an alleged bribery scheme that plagued the company’s operations in Mexico. In another high-profile matter, former Shearman & Sterling partner Herbert Washer, who joined Cahill last June, is representing Credit Suisse in multiple criminal and civil probes, including a global investigation into the bank’s practices related to the benchmark interest rate LIBOR.
To view this content, please continue to Lexis Advance®.
Not a Lexis Advance® Subscriber? Subscribe Now
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
For questions call 1-877-256-2472 or contact us at email@example.com