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Cahill opened its doors at 120 Broadway in 1919 as McAdoo, Cotton & Franklin. In 1921 William G. McAdoo moved away to California, and the firm was renamed Cotton & Franklin.[3] By the end of the Depression, it 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 remained until 2020, then it moved to 32 Old Slip. Partner John Ohl, a tax specialist, retired in 1976.[4] The firm established its Paris office in 1928, though it closed in 2000 when the firm opened its London office.[5] Today, Cahill maintains offices in London and Washington D.C, though its largest office by far is in New York City.
The firm is active in the US capital markets, the Euromarket, and bank lending market, advising 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.