Cahill Gordon & Reindel has added two former Stroock & Stroock & Lavan partners to its ranks, with M&A lawyer Peter Rooney and corporate advisory attorney James Fang joining the firm as partners in New York

Cahill has been struggling with a decrease in activity in the leveraged loan and high-yield spaces in the past year. Firm leaders a few months ago told The American Lawyer that they were aware of these issues and the firm was in the process of mapping out what “the firm should look like in five or ten years.”