McCarter & English has expanded its executive compensation practice in New York by hiring special counsel Joseph Bachelder III and Jerome Cohen from the Bachelder Law Firm, a shop known for its expertise in structuring pay deals for high-profile CEOs.

The move spells the end of the firm that Bachelder, who will mark his 80th birthday next month, founded in 1982 and served as senior partner for 30 years. Over time Bachelder Law became synonymous with the rise of executive compensation packages to almost unprecedented levels.