for Bloomberg Law: Blue Owl’s Legal Chief Surges to Top-Paid Among Asset Managers by José A. Alvarado Jr.

News

for Bloomberg Law: Blue Owl’s Legal Chief Surges to Top-Paid Among Asset Managers

josé a. alvarado jr.

May 22, 2025

Blue Owl Capital Inc. gave more than $24.4 million last year to its chief legal officer and general counsel Neena Reddy, bringing a relatively new name into the elite total compensation tier of asset management lawyers.

Reddy, a member of Blue Owl’s executive and operating committees, earned more than her peers at prominent publicly traded companies in the broader financial services and investment space, including those at Apollo Global Management Inc., Blackstone Inc., and The Carlyle Group Inc.

The bulk of Reddy’s remuneration for fiscal 2024, which was disclosed by Blue Owl in a proxy statement filed April 25, was almost entirely comprised of roughly $20.6 million in stock awards that will partially vest between 2026 and 2029. The US Securities and Exchange Commission requires that long-term equity awards be included in the year they are awarded to an executive, not when they are achieved or realized, which can create a somewhat skewed understanding of what a lawyer has been “paid” in any given year.

Equity grants are often tied to certain performance targets or other metrics, which if not met can lead to compensation adjustments in future years. Nonetheless, such large awards provide a benchmark for gauging an individual legal executive’s importance to their employer’s C-suite, as well as a means of ranking law department leaders against their peers through the prism of what they stand to earn in future years.

Photographed for Bloomberg Law, with words by Brian Baxter.

https://news.bloomberglaw.com/health-law-and-business/blue-owls-legal-chief-surges-to-top-paid-among-asset-managers

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José A. Alvarado Jr.

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