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Practice Overview

Executive Compensation and Benefits

Cravath’s Executive Compensation and Benefits Department advises U.S. and multinational clients in all aspects of compensation and benefits. Executive compensation and employee benefit issues are central concerns in most corporate transactions. These issues include senior executive employment arrangements, stock options and other equity compensation, golden parachute plans and pension plans. Cravath has been recognized as a leading law firm in the executive compensation and employee benefits arena by Chambers USA: America’s Leading Lawyers for Business, The Legal 500 United States and U.S. News & World Report‑Best Lawyers “Best Law Firms.”

The compensation and benefit matters that arise in merger and acquisition transactions are the primary focus of the Department. In those transactions, our lawyers often analyze the legal and financial risks associated with compensation and benefit arrangements, negotiate key terms of acquisition agreements and develop succession arrangements and other new compensation and benefit plans. The 2017 edition of The Legal 500 United States, reports clients as saying Cravath’s Executive Compensation and Benefits Department “provides the highest level of service” and is “absolutely at the top of the scale.” According to Chambers USA, clients say the Firm’s executive compensation and benefits lawyers “provide a combination of competence and customer service that is unequaled.”

In addition to our transactional experience, we advise the Firm’s clients concerning the complexities of their ongoing compensation and benefits practices and assist them in navigating the interrelated tax, ERISA, securities law and accounting issues that often arise. We are also frequently asked to represent CEOs and other senior executives and corporate clients in crafting individual employment and severance agreements.