Cahill Gordon & Reindel

Cahill Gordon & Reindel LLP (founded 1919) is a New York-based international law firm with offices in New York, Washington, D.C. and London. According to The American Lawyer, Cahill's gross revenue was $348.5 million in 2013.[2][3][4]

Famous First Amendment advocate Floyd Abrams has been with Cahill since 1963
Cahill Gordon & Reindel LLP
Headquarters80 Pine Street
New York City, USA
No. of offices3
No. of attorneysApproximately 350
Major practice areasCorporate, Litigation, Investigations, Crisis Advisory, Tax, Insurance, Antitrust, First Amendment, Bankruptcy & Restructuring, Environmental
Key peopleWilliam M. Hartnett, Chairman, Executive Committee,
Brian T. Markley, Co-Administrative Partner,
Luis R. Penalver, Co-Administrative Partner
Revenue US$382.5 million (2016)[1]
Date founded1919
Company typeLimited liability partnership
Websitewww.cahill.com

History

Cahill opened its doors at 120 Broadway in 1919 as McAdoo, Cotton & Franklin. In 1921 William G. McAdoo moved out west and the firm was renamed Cotton & Franklin.[5] It was as a small firm that quickly built a national reputation in the financial and corporate areas. By the end of the Depression, it had expanded to handle bankruptcies, reorganizations, and regulatory matters. During and after the Second World War, under the leadership of John T. Cahill, former United States Attorney for the Southern District of New York, the firm grew dramatically. As Cahill Gordon Reindel & Ohl, it moved to 80 Pine Street, where it remains. Partner John Ohl, a tax specialist, retired in 1976.[6] The firm established its Paris office in 1928, though it closed in 2000 when the firm opened its London office.[7] Today, Cahill maintains offices in London and Washington D.C., though by far its largest office is in New York City.

Litigation work

Cahill's litigation practice has handled high-profile securities, antitrust and first amendment litigation. The firm's partners have made appearances before the United States Supreme Court. For instance, National Broadcasting Co. v. United States helped establish the power and authority of the Federal Communications Commission. Another case, Times-Picayune v. United States, is among the Court's antitrust rulings.

On behalf of Cahill, Floyd Abrams successfully defended The New York Times in the landmark New York Times Co. v. United States case. In that 1971 case the Supreme Court of the United States refused to permit the Nixon Administration to stop the publication of thousands of pages of Vietnam War-related government documents. Thereafter, Abrams and Cahill became prominent defenders of the media and First Amendment rights. On September 9, 2009, Abrams argued before the Supreme Court on behalf of Senator Mitch McConnell in the highly publicized re-argument ordered by the Court on the constitutionality of McCain-Feingold, defending the rights of corporations and unions to donate unlimited amounts of money to political allies in Citizens United v. Federal Election Commission.

Corporate work

Cahill's corporate practice has assisted in the development of numerous financial products and services. This firm is prominent in the US capital markets, the Euromarket and bank lending market, often advising the investment and commercial banks in their roles as underwriters, initial purchasers, arrangers, agents and dealer managers. It was Cahill that represented the financing sources in many of Wall Street's historic buyouts, beginning with the leveraged buyout of RJR Nabisco in 1989, up through the mega-buyouts of TXU, Hospital Corporation of America, Kinder Morgan, Harrah’s, Alltel, First Data and Clear Channel in the 2006 and 2007 LBO boom, where the largest buyout records were set.

Cahill is also active in the equity markets, especially as underwriter's counsel. They advised the underwriters in the IPO of Ally Financial,[8] represented the underwriters in the IPO of hospital-operator HCA Holdings, which is reported to be the largest ever private equity-backed IPO on a US exchange represented JPMorgan, Morgan Stanley and the other underwriters in the IPO of media measurement group Nielsen Company, which raised $1.6 billion and represented the underwriters in the IPO of Caesars Entertainment Corporation.

Described by Hoovers as “a name plenty of high-profile clients have banked on,”[9] Cahill advises Bank of America, Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, UBS, and Wells Fargo as underwriters in debt and equity offerings, including IPOs, and as arrangers in leveraged loans. Bloomberg L.P. and Thomson Reuters consistently rank Cahill as the number one legal advisor to U.S. and Euromarket high yield bond underwriters in their legal league tables, and rank the firm among the most active law firms representing underwriters in other debt and equity categories. Reuters Loan Pricing Corp. ranks Cahill as the top ranked legal advisor to lead arrangers of leveraged loans since 2010.

Offices

Notable attorneys

See also

  • Floyd Abrams
  • List of prominent cases argued by Floyd Abrams
  • Citizens United v. Federal Election Commission
  • Thomson Financial League Tables

References

  1. "The 2017 Am Law 100". The American Lawyer. 2014-05-05.
  2. "The Am Law 100, the Early Numbers: Elite New York Firms Pull Away". American Lawyer. 2014-03-20. Retrieved 2014-04-22.
  3. http://www.americanlawyer.com/PubArticleTAL.jsp?id=1202589810409
  4. "The Global 100: Most Profits Per Partner". 2014-09-29. Retrieved 2014-10-23.
  5. Robert T. Swaine (2007). The Cravath Firm and Its Predecessors, 1819-1947. The Lawbook Exchange, Ltd. pp. 1–. ISBN 978-1-58477-713-7.
  6. "John P. Ohl, 84, Dies; A Retired Tax Lawyer". The New York Times. 1994-01-13.
  7. "Cahill shuts in Paris as it opens in City". The Lawyer. 2000-06-12. Archived from the original on 2012-12-16.
  8. "Davis Polk, Cahill, S&C Handle Year's Biggest IPO to Date". The American Lawyer. 2014-04-10.
  9. http://www.hoovers.com/company/Cahill_Gordon__Reindel_LLP/cfkfri-1.html
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