Cahill Gordon & Reindel remains financially strong and confident in its core practices, chair Herb Washer said, as partner departures and reports of a possible acquisition draw attention to the law firm’s future.

Washer told Bloomberg Law that Cahill is “regularly approached by other firms in the market for a variety of reasons,” but declined to address reports that another firm might acquire it. “As a matter of policy, we don’t comment on rumors or speculation,” he said.

His comments come after the firm lost eight finance partners this year, representing roughly 10% of its partnership. The departures have prompted questions about Cahill’s position in a market where competition for legal talent and speculation about potential combinations can put a firm’s stability under scrutiny.

Washer acknowledged that the losses were unwelcome while emphasizing his confidence in the lawyers who remain. “We do not love departures, of course, nobody does,” he said. “We feel very confident in the core people who drive the most important practices at the firm.”

The chair also pointed to Cahill’s financial performance and market standing. “From our perspective and by any objective measure, Cahill remains incredibly financially strong, highly profitable, with a leading market position,” he told Bloomberg Law. He added that the people driving the firm’s results remain committed to it.

Cahill reported $502.5 million in revenue and $5.7 million in profits per equity partner for 2025. In September, Washer told Bloomberg Law that the firm expected double-digit growth in 2026.

Those figures provide a counterpoint to the concern raised by the finance partner exits, though Washer’s remarks did not address any specific potential transaction. His statement that firms regularly approach Cahill likewise did not confirm that an acquisition is under discussion.

For now, Cahill’s public position is that its financial performance and the commitment of its remaining practice leaders leave it on firm footing, even as questions about departures and a possible tie-up continue to circulate.