The US firm currently has just one partner and two associates located in the City. The office is led by partner James Robinson.
A source close to the firm said that Cahill’s management is considering bulking up its London office in response to increased deal flow in the high-yield bond market.
Cahill operates a US law only office in London and currently has no plans to expand into local law.
The firm opened in the City in 2000 after closing its Paris base (12 June 2000).
Cahill is not the only firm to eye opportunities in the high-yield market. Earlier this year Allen & Overy made moves to bulk up its UK high-yield capabilities by hiring Milbank Tweed Hadley & McCloy London partner Kevin Muzilla.
Cahill declined to comment.