Editing Cravath, Swaine & Moore

{{Infobox Law Firm
| logo                      = [[Image:Cravath, Swaine & Moore_logo.png|200px]]
| headquarters              = New York; NY
| num_offices               = 2
| offices                   = 
| num_attorneys             = 498
| num_employees             = 
| practice_areas            = General Corporate, Mergers & Acquisitions, Securities and Banking, Litigation, Tax, Executive Compensation, Trusts and Estates
| established               = 
| key_people                = C. Allen Parker Evan R. Chesler Faiza Saeed
| revenue                   = US$
| profit_per_equity_partner = 
| billable_hours            = 
| website                   = 
| nalp_profile              = 
| nickname                  = 
}}
{{Law Firm Pay Scale
| year            = 2017
| salary_1st_year = 180
| bonus_1st_year  = 
| salary_2nd_year = 190
| bonus_2nd_year  = 
| salary_3rd_year = 210
| bonus_3rd_year  = 
| salary_4th_year = 235
| bonus_4th_year  = 
| salary_5th_year = 260
| bonus_5th_year  = 
| salary_6th_year = 280
| bonus_6th_year  = 
| salary_7th_year = 315
| bonus_7th_year  = 
| salary_8th_year = 
| bonus_8th_year  = 
| salary_9th_year = 
| bonus_9th_year  = 
}}'''Cravath, Swaine & Moore LLP''' (known as '''Cravath''') is an American [[law firm]] based in [[New York City]], with an additional office in [[London]]. The firm was founded in 1819. It is widely considered one of the most prestigious law firms in the world.<ref>{{cite web|title=Vault Top 100 Law Firms for 2017|url=http://www.vault.com/blog/vaults-law-blog-legal-careers-and-industry-news/vaults-top-100-law-firms-for-2017/|website=Vault}}</ref><ref>{{cite web|title=Above The Law 2017 Power 100 Law Firm Rankings|url=http://abovethelaw.com/careers/2017-power-100-law-firm-rankings/|website=Above The Law}}</ref><ref>{{cite web|title=Above The Law 2017 Office 100 Law Firm Rankings|url=http://abovethelaw.com/careers/2017-office-100-law-firm-rankings/|website=Above The Law}}</ref><ref>{{cite web|title=Chambers and Partners Nationwide Departments Rankings|url=http://www.chambersandpartners.com/USA/firm/3830/cravath-swaine-moore|website=Chambers and Partners}}</ref>

==History==

The firm arose from two predecessor firms, led by [[William H. Seward]] (later [[Abraham Lincoln]]'s Secretary of State) and Richard M. Blatchford (later appointed to the Supreme Court).<ref name="Swaine2012a">{{cite book|author=Robert T. Swaine|title=The Cravath Firm and Its Predecessors, 1819-1947|url=https://books.google.com/books?id=p8jmmSwD9KEC&pg=PA2|date=April 2012|publisher=The Lawbook Exchange, Ltd.|isbn=978-1-58477-713-7|pages=2–}}</ref>  In 1854, these firms merged to form the firm of Blatchford, Seward & Griswold. Named partner [[Samuel Blatchford]] had been appointed to the [[United States Supreme Court]] in 1882 by [[President Chester Arthur]], and served for 11 years until his death. Named partner [[William H. Seward|Seward]] later served as both Governor and then Senator from New York. As [[United States Secretary of State|Secretary of State]] under [[Abraham Lincoln]], Seward kept Britain and France from intervening during the Civil War by threatening war,<ref>
{{cite news | url=https://www.wsj.com/articles/SB10000872396390443819404577635400729428124|title=The Patriot-Statesman |work=Wall Street Journal|date= September 14, 2012 |accessdate=April 6, 2015|author=Michael Burlingame}}</ref> supported the 1865 passing of the [[Thirteenth Amendment to the United States Constitution|Thirteenth Amendment]], and in 1867, under [[Andrew Johnson]], he negotiated the purchase of Alaska from Russia in a transaction contemporaries derisively called "[[Alaska Purchase|Seward's Folly]]."  [[Paul Drennan Cravath]], who joined the firm in 1899, developed and instituted the "[[Cravath System]]", which combines a distinctive way of approaching the hiring, training and compensation of lawyers. In 1944, after a series of name changes, the name Cravath, Swaine & Moore was established and has not been altered since.

Cravath has represented some of America’s great inventors, from [[Samuel F.B. Morse]] in the late 1840s, [[Cyrus McCormick]], [[Elias Howe]], and [[Charles Goodyear]] in the 1850s, to [[George Westinghouse]] in the 1880s.<ref>{{cite web | title =MIT Institute Archives & Special Collections, Historical Patent Records from the Blatchford, Seward & Griswold Collection (1841-1910) | url = https://libraries.mit.edu/archives/exhibits/blatchford/| website =libraries.mit.edu | accessdate = April 13, 2015}}</ref><ref name="Friedman2005">{{cite book|author=Lawrence M. Friedman|title=A History of American Law: Third Edition|url=https://books.google.com/books?id=JndnEiydTiYC&pg=PA486|date=1 June 2005|publisher=Simon and Schuster|isbn=978-0-7432-8258-1|pages=486–}}</ref>  Some current client relationships that began in the 1800s are with [[CBS]], [[JPMorgan Chase|JPMorgan]], and [[PricewaterhouseCoopers]].<ref name="Skrabec2007">{{cite book|author=Quentin R. Skrabec|title=George Westinghouse: Gentle Genius|url=https://books.google.com/books?id=GSFLhlsILOAC&pg=PA190|year=2007|publisher=Algora Publishing|isbn=978-0-87586-507-2|pages=190–}}</ref><ref>{{cite book | last = Gharnow | first =Ron | authorlink = | title = [[The House of Morgan]]|publisher= Grove Press| series = | volume = | edition = | date =2001 | location = New York, New York|pages=|language=|url=|doi =|id =|isbn=|mr =|zbl=|jfm = }}</ref><ref name="AllenMcDermott1993">{{cite book|author1=David Grayson Allen|author2=Kathleen McDermott|title=Accounting for Success: A History of Price Waterhouse in America, 1890-1990|url=https://books.google.com/books?id=3oIvuQ56QxIC&pg=PA11|date=1 January 1993|publisher=Harvard Business Press|isbn=978-0-87584-328-5|pages=11–}}</ref> The firm has had a long record of clients in the US railroad industry beginning with the [[Erie Railroad|New York & Erie]] and [[Union Pacific Railroad|Union Pacific]] railroads, and express delivery businesses such as [[Adams Express|Adams, Southern]], and [[Wells Fargo]].<ref name="Swaine2012b">{{cite book|author=Robert T. Swaine|title=The Cravath Firm and Its Predecessors, 1819-1947|url=https://books.google.com/books?id=p8jmmSwD9KEC&pg=PA327|date=April 2012|publisher=The Lawbook Exchange, Ltd.|isbn=978-1-58477-713-7|pages=327–}}</ref><ref name="Martin1997">{{cite book|author=George Martin|title=Causes and Conflicts: The Centennial History of the Association of the Bar of the City of New York, 1870-1970|url=https://books.google.com/books?id=nj7KJHVvnEUC&pg=PA8|date=1 January 1997|publisher=Fordham Univ Press|isbn=978-0-8232-1735-9|pages=8–}}</ref><ref name="AbbottAbbott1872">{{cite book|author1=Austin Abbott|author2=Benjamin Vaughan Abbott|title=Abbott's Practice Cases|url=https://books.google.com/books?id=qKxLAAAAYAAJ&pg=PA458|year=1872|publisher=J.S. Voorhies|pages=458–}}</ref> Its 19th century history includes the 1808 insanity defense of William Freeman for the murder of John G. Van Nest, the 1848 ''[[Jones v. Van Zandt]]'' challenge to the constitutionality of slavery, and the ''[[Pollock v. Farmers' Loan and Trust Company]]'' tax case of 1895.<ref>{{cite web | title =Cayuga County Courthouse and the Case that Helped Establish the Insanity Defense in New York | url = https://www.nycourts.gov/publications/benchmarks/issue6/Courthouse.shtml| website =www.nycourts.gov/publications/benchmarks | date =Spring 2007 | accessdate = April 13, 2015}}</ref><ref>{{cite book |last=Hall |first=Benjamin F. |date=1848 |title=The trial of William Freeman for the murder of John G. Van Nest  |url=https://archive.org/details/trialwilliamfre01courgoog |location= Auburn|publisher=Derby, Miller & Co. |page= |isbn= |access-date=April 13, 2015 }}</ref><ref name="Rodriguez1997">{{cite book|author=Junius P. Rodriguez|title=The Historical Encyclopedia of World Slavery|url=https://books.google.com/books?id=ATq5_6h2AT0C&pg=PA383|date=1 January 1997|publisher=ABC-CLIO|isbn=978-0-87436-885-7|pages=383–}}</ref><ref>{{cite book|title=Harvard Law Review|url=https://books.google.com/books?id=4wgtAAAAIAAJ&pg=PA36|year=1911|publisher=Harvard Law Review Pub. Association|pages=36–}}</ref> Cases of mention before the [[Supreme Court of the United States|Supreme]], [[United States courts of appeals|appellate]] and [[Delaware Court of Chancery|Chancery]] courts in more recent decades have been ''[[Kiobel v. Royal Dutch Petroleum Co.]]'' and ''Westfed Holdings Inc. v. United States'', and ''City of Providence v. First Citizens BancShares Inc. et al''. Important litigation work with [[IBM]] has included two landmark antitrust cases, one of which was a 13-year battle dubbed by Time magazine as “the case of the century."<ref>{{cite court |litigants =Kiobel v. Royal Dutch Petroleum Co. |vol = |reporter = |opinion = |pinpoint = |court =Supreme Court of the United States |date = April 17, 2013|url= https://www.supremecourt.gov/opinions/12pdf/10-1491_l6gn.pdf}}</ref><ref>{{cite court |litigants =Westfed Holdings Inc. v. United States |vol = |reporter = |opinion = |pinpoint = |court =United States Court of Appeals, Federal Circuit |date = May 12, 2005|url=https://scholar.google.com/scholar_case?case=3207654301561318789&q=Westfed+Holdings+Inc.+v.+United+States&hl=en&as_sdt=6,33&as_vis=1 }},</ref><ref>{{cite court |litigants = City of Providence v. First Citizens BancShares Inc. et al.|vol =|reporter = |opinion = |pinpoint = |court =The Delaware Court of Chancery |date =September 8, 2014 |url=http://www.potteranderson.com/media/experience/617_City%20of%20Providence%20v.%20First%20Citizens%20BancShares%209%204%2014.pdf }}</ref><ref>{{Citation|last=|first = | author-link = | last2 = | first2=|author2-link =|title =Business: The Case of the Century | newspaper = Time| pages = | date =May 21, 1979|url = http://content.time.com/time/magazine/article/0,9171,920363-1,00.html | accessdate = April 10, 2015}}</ref><ref>{{cite news |first= David M.|last= Margolick|title=For Cravath, Life After I.B.M. |work= New York Times|page= |date=January 18, 1982 |accessdate=April 14, 2015 |quote= |url=https://www.nytimes.com/1982/01/18/business/for-cravath-life-after-ibm.html }}</ref><ref name="HallClark2002">{{cite book|author1=Kermit L. Hall|author2=David S. Clark|title=The Oxford Companion to American Law|url=https://books.google.com/books?id=UXodg4rwE1IC&pg=PA408|date=2 May 2002|publisher=Oxford University Press|isbn=978-0-19-508878-6|pages=408–}}</ref>

The firm has represented entities in the United Kingdom and Europe since the 1820s from the [[Bank of England]], to landmark public offerings by [[EU]] predecessors since the 1950s.<ref name="Stephenson2003">{{cite book|author=D. Grier Stephenson|title=The Waite Court: Justices, Rulings, and Legacy|url=https://books.google.com/books?id=f-59Mj6m0dMC&pg=PA133|year=2003|publisher=ABC-CLIO|isbn=978-1-57607-829-7|pages=133–}}</ref><ref>{{cite journal|last=Rasmussen|first=Morten|last2=|first2=|date=December 2010|title=Constructing and Deconstructing Constitutional European Law: Some reflections on how to study the history of European law|url=http://www.euce.org/eusa/2011/papers/6a_rasmussen.pdf|journal=Europe. The New Legal Realism|publisher=Europe. The New Legal Realism, DJØF Publishing: Århus, 2010|volume=|issue=|pages=|doi=|access-date=April 14, 2015|deadurl=yes|archiveurl=https://web.archive.org/web/20150924002841/http://www.euce.org/eusa/2011/papers/6a_rasmussen.pdf|archivedate=September 24, 2015|df=}}</ref> Entities such as [[HM Treasury]], [[Grupo Modelo]], [[Santander Group|Santander]], and [[HDFC Bank]] are among more recent international clients.<ref>{{cite news| last =| first =| title =Legal Newswire – Cravath Represents HM Treasury In Recapitalization Plan For Three UK Banks| newspaper =LawFuel.com| location =| pages =| language =| publisher =| date =October 17, 2008| url =http://www.lawfuel.com/legal-newswire-cravath-represents-hm-treasury-in-recapitalization-plan-for-three-uk-banks| accessdate =April 14, 2015| deadurl =yes| archiveurl =https://web.archive.org/web/20150427130314/http://www.lawfuel.com/legal-newswire-cravath-represents-hm-treasury-in-recapitalization-plan-for-three-uk-banks| archivedate =April 27, 2015| df =}}</ref><ref>{{cite news|last=Scott|first=Mark|title = Brewer to Buy Remaining Stake in Grupo Modelo| newspaper = DealBook | location = | pages = | language = |publisher =The New York Times|date = June 29, 2012| url =https://dealbook.nytimes.com/2012/06/29/anheuser-busch-inbev-to-buy-remaining-stake-in-grupo-modelo-for-20-1-billion/ | accessdate = April 17, 2015}}</ref><ref>{{cite web | title =Santander Consumer USA Holdings Inc. (SC) IPO | url = http://www.nasdaq.com/markets/ipos/company/santander-consumer-usa-holdings-inc-910149-72960?tab=experts| website = www.nasdaq.com| date =January 23, 2014 | accessdate = April 20, 2015}}</ref><ref>{{cite news| url=http://www.international.law.com/id=1202718865956/Cravath-Acts-on-Indian-Lender-HDFCs-16B-Share-Sale?cmp=share_twitter|title=Cravath Acts on Indian Lender HDFC's $1.6B Share Sale|work=The Asian Lawyer|date=February 6, 2013 | accessdate=February 25, 2015 | author=Brennan, Tom}}</ref> Cravath drew attention to its bankruptcy practice on November 10, 2010, by offering free representation in advance of a likely Chapter 9 filing for Harrisburg, PA.<ref>http://www.marksmarketanalysis.com/2010/11/harrisburg-pa-hires-bankruptcy-attorney.html</ref> The firm's restructuring work traces back to clients such as Goodyear in 1921.<ref>{{cite book|title=Poor's Cumulative Service|url=https://books.google.com/books?id=NI1BAQAAMAAJ&pg=PA131|year=1921|publisher=Poor's Publishing House.|pages=131–}}</ref> After their 1916 reorganization of corporations lectures before the [[New York City Bar Association|Bar of the City of New York]], [[Paul Drennan Cravath|Paul D. Cravath]] and [[William Dameron Guthrie|William D. Guthrie]] were reviewed to be "men of wide experience in these matters," and several of their partners including Alexander I. Henderson and Robert T. Swaine "ranked among the leaders of the reorganization bar."<ref name="PerezWillett1995">{{cite book|author1=Robert C. Perez|author2=Edward F. Willett|title=Clarence Dillon: A Wall Street Enigma|url=https://books.google.com/books?id=Z2iU7Ibll-wC&pg=PA3|date=6 June 1995|publisher=Madison Books|isbn=978-1-4617-1383-8|pages=3–}}</ref><ref>{{cite book|title=The Nation|url=https://books.google.com/books?id=C1Y5AQAAMAAJ&pg=PA641|year=1917|publisher=J.H. Richards|pages=641–}}</ref><ref name="ByrneCravath1917">{{cite book|author1=James Byrne|author2=Paul Drennan Cravath|author3=George Woodward Wickersham |author4=Gilbert Holland Montague |author5=William Dameron Guthrie|title=Some Legal Phases of Corporate Financing, Reorganization and Regulation|url=https://books.google.com/books?id=KXE9AAAAIAAJ&pg=PA153|year=1917|publisher=Macmillan|pages=153–}}</ref><ref name="Jr.2014">{{cite book|author=David A. Skeel Jr.|title=Debt's Dominion: A History of Bankruptcy Law in America|url=https://books.google.com/books?id=4VwXAwAAQBAJ&pg=PA102|date=24 April 2014|publisher=Princeton University Press|isbn=978-1-4008-2850-0|pages=102–}}</ref>

In November 2014, Cravath handled three M&A transactions in one day, spanning advertising, spirits, and pharmaceutical industries; and acted as legal advisor in a recently announced deal backed by [[3G Capital]] and [[Berkshire Hathaway Inc.]] that will create the third-largest food and beverage company in North America.<ref>{{Citation|last=|first=|author-link=|last2 =|first2 = |author2-link =|title =Cravath Handles Trio of Big-Ticket Deals| newspaper =Lawdragon| pages =| date =November 6, 2014| url= http://www.lawdragon.com/news-articles/cravath-handles-trio-of-big-ticket-deals/ | archiveurl =https://web.archive.org/web/20141119103247/http://www.lawdragon.com/news-articles/cravath-handles-trio-of-big-ticket-deals/| archivedate =2014-11-19|dead-url=yes| accessdate = April 20, 2015}}</ref><ref>{{Citation|last = Giammona| first =Craig|author-link=|last2 =Boyle| first2 =Matthew|author2-link =|title =Kraft Will Merge With Heinz in Deal Backed by 3G and Buffett|newspaper = BloombergBusiness| pages =|date =March 25, 2015|url = https://www.bloomberg.com/news/articles/2015-03-25/3g-capital-berkshire-to-buy-kraft-foods-merge-it-with-heinz | archiveurl =https://web.archive.org/web/20150325130148/http://www.bloomberg.com/news/articles/2015-03-25/3g-capital-berkshire-to-buy-kraft-foods-merge-it-with-heinz| archivedate =2015-03-25|dead-url = yes|accessdate = April 20, 2015}}</ref> Other significant representations have included legal work necessary to form [[NBC]], [[United Airlines]] in its merger with [[Continental Airlines]], the world's largest airline, to [[Unilever]] in its acquisition of [[Alberto-Culver]]. In 2010, its litigation department won summary judgment for [[Morgan Stanley]] on its breach of contract claim against [[Discover Financial Services]]. In a subsequent settlement, Discover agreed to pay Morgan Stanley $775 million to resolve the litigation. In the same year they successfully represented [[Barnes & Noble]] in a landmark "[[poison pill]]" trial. In the past several decades Cravath has represented [[Netscape Communications Corporation|Netscape]] in its antitrust suit against [[Microsoft]], resulting in a $750 million settlement; major merger and acquisition deals, such as the [[DuPont]]-[[Conoco]] merger, the [[Ford Motor Company|Ford]]-[[Jaguar (car)|Jaguar]] merger, the [[Bristol-Myers-Squibb]] merger, the [[Time-Warner]] merger, and the [[AOL]]-[[Time-Warner]] merger; and two famed libel suits: defending [[Time Inc.]] against Israeli General [[Ariel Sharon]], and also defending [[CBS]] against [[U.S. Army]] [[General]] [[William Westmoreland]].

Unlike others, Cravath has remained relatively small. Its approximately 500 lawyers are located primarily in the New York Office, with just a few dozen in the London office, which opened in 1973. The firm opened a Hong Kong office in 1994 but closed it nine years later.<ref>{{cite web|title=Law Dragon|url=http://www.lawdragon.com/2006/03/05/new-york-story/}}</ref>

In 2015, Cravath, Swaine and Moore was the victim of what the company described as a "limited breach" of its computer network, which The New York Times connected to a 2016 court case against three Chinese hackers who had made more than $4 million from insider information about merger deals.<ref>{{Cite news|url=https://www.nytimes.com/2016/12/27/business/dealbook/new-york-hacking-law-firms-insider-trading.html|title=3 Men Made Millions by Hacking Merger Lawyers, U.S. Says|last=Picker|first=Leslie|date=2016-12-27|newspaper=The New York Times|issn=0362-4331|access-date=2016-12-28}}</ref><ref>{{cite news |url=https://www.reuters.com/article/us-cyber-insidertrading-idUSKBN14G1D5 |publisher=[[Reuters]] |title=U.S. accuses Chinese citizens of hacking law firms, insider trading |first=Nate |last=Raymond |date=December 28, 2016 |archive-date=December 28, 2016 |archive-url=https://web.archive.org/web/20161228183507/https://www.reuters.com/article/us-cyber-insidertrading-idUSKBN14G1D5 |quote=Prosecutors did not identify the two law firms, or five others they said the defendants targeted. But one matched the description of New York-based Cravath, Swaine & Moore LLP, which represented Pitney Bowes in its 2015 acquisition of Borderfree Inc, one of the mergers in question. The indictment said that by using a law firm employee's credentials, the defendants installed malware on the firm's servers to access emails from lawyers, including a partner responsible for the Pitney deal. Cravath declined to comment. In March, Cravath confirmed discovering a "limited breach" of its systems in 2015. |deadurl=yes |df= }}</ref>

==Rankings==
Cravath was ranked the #1 law firm in the United States in the 2017 Vault Law 100<ref>{{cite web|title=Vault Top 100 Law Firms for 2017|url=http://www.vault.com/blog/vaults-law-blog-legal-careers-and-industry-news/vaults-top-100-law-firms-for-2017/|website=Vault}}</ref> and the 2017 Above The Law Power 100<ref>{{cite web|title=Above The Law 2017 Power 100 Law Firm Rankings|url=http://abovethelaw.com/careers/2017-power-100-law-firm-rankings/|website=Above The Law}}</ref> and Office 100.<ref>{{cite web|title=Above The Law 2017 Office 100 Law Firm Rankings|url=http://abovethelaw.com/careers/2017-office-100-law-firm-rankings/|website=Above The Law}}</ref> In 2016 Chambers and Partners ranked Cravath in the top tier among U.S. law firms for Banking & Finance, Capital Markets (Debt & Equity), Corporate/M&A (The Elite), Environment (Mainly Transactional), Media & Entertainment (Corporate), Securities Litigation, General Commercial Litigation (The Elite) and Tax.<ref>{{cite web|title=Chambers and Partners Nationwide Departments Rankings|url=http://www.chambersandpartners.com/USA/firm/3830/cravath-swaine-moore|website=Chambers and Partners}}</ref>

==Finances==
In 2015, Cravath was ranked eighth in ''[[The American Lawyer]]'''s annual listing of highest profits per partner.<ref>{{cite web|url=http://www.americanlawyer.com/id=1202723485125/Firms-Ranked-by-Profits-Per-Partner|title=Firms Ranked by Profits Per Partner|work=The American Lawyer|accessdate=2016-03-18}}</ref>

Cravath was ranked 52nd on the Am Law 100, which lists the firm by revenue. The 2014 gross revenue was $648m. Revenue per lawyer was $1.465m and profits per partner were $3.365m.<ref>{{cite web |title=Firm profile |url=http://www.americanlawyer.com/law-firm-profiles-result?firmname=Cravath+Swaine+%26+Moore |website=American Lawyer}}</ref>

==Hiring==
Under the [[Cravath System]], the firm is known for focusing its hiring on associates straight from law school, with a strong emphasis on grades, then over years of apprenticeship rotations, immersing them in details of every aspect of corporate law practice.<ref>{{cite journal|author=William D. Henderson|date=July 2009|title=The Bursting of the Pedigree Bubble|url=https://www.law.indiana.edu/lawlibrary/services/bibliography/doc/NALPHenderson.pdf|journal=NALP Bulletin|volume=21|issue=7|pages=|doi=|pmc=|pmid=|deadurl=yes|archiveurl=https://web.archive.org/web/20130328145258/http://law.indiana.edu/lawlibrary/services/bibliography/doc/NALPHenderson.pdf|archivedate=2013-03-28|df=}}</ref> Under this philosophy, lateral hires are rare, with some exceptions. In 2005, Cravath hired [[Andrew W. Needham]], formerly a [[Tax law|tax]] partner at [[Willkie Farr & Gallagher]],<ref>[http://www.law.com/jsp/article.jsp?id=1110449112913 Cravath Hires Tax Partner, Its First Lateral in Decades]</ref> as the first lateral partner since Herbert L. Camp, also a tax partner, from the now-defunct [[Donovan Leisure Newton & Irvine]] in 1987. Camp, however, had previously been a Cravath associate and is therefore not considered a true lateral because he started his career there. Before that, [[Roswell Magill]], a former Treasury Department official, became a Cravath tax partner in 1943. In 2007, the firm brought in Richard Levin from [[Skadden, Arps]] to boost its new [[bankruptcy]] practice.<ref>[https://blogs.wsj.com/law/2007/05/09/the-horror-the-horror-cravath-starts-a-bankruptcy-practice/ Cravath starts a bankruptcy practice]</ref> In 2011, Cravath hired [[Christine A. Varney]], a former U.S. Assistant Attorney General for the Antitrust Division for the [[Obama Administration]].<ref>{{cite news | url=https://dealbook.nytimes.com/2011/07/06/cravath-to-hire-d-o-j-s-top-antitrust-lawyer/ | title=Cravath to Hire Antitrust Chief | work=New York Times| date=June 6, 2011 | accessdate=May 19, 2015 | author1=Lattman, Peter | author2=de la Merced, Michael}}</ref>  In 2013, the firm hired [[David Kappos]], who served as the [[Under Secretary of Commerce for Intellectual Property]] and Director of the [[United States Patent and Trademark Office]].<ref>{{cite news | url=https://dealbook.nytimes.com/2013/02/06/cravath-hires-2nd-top-official-from-obama-administration/ | title=Cravath Hires a 2nd Official From Obama Administration | work=New York Times | date=February 6, 2013 | accessdate=February 6, 2013 | author=Lattman, Peter}}</ref><ref>{{cite news | url=https://blogs.wsj.com/law/2013/02/06/cravath-plucks-former-pto-chief-david-kappos/ | title=Cravath Plucks Former PTO Chief David Kappos | work=Wall Street Journal | date=February 6, 2013 | accessdate=May 19, 2015 | author=Jones, Ashby}}</ref>

==Notable current and former employees==
{{Main article|List of notable Cravath, Swaine & Moore employees}}
The firm has numerous alumni in business, the law, academia, publishing, cinema, and government service.

==References==
{{Reflist|30em}}

==Further reading==
*{{cite book |title=The Cravath Firm and Its Predecessors: 1819-1947 |last=Swaine |first=Robert T. |authorlink= |year=2007 |origyear=1948 |publisher=Lawbook Exchange |location=Clark, NJ |isbn=1-58477-713-3 |pages= |url= }}
*{{cite news|last=Stewart|first=James|title=A Law Firm Where Money Seemed Secondary|url=https://dealbook.nytimes.com/2012/09/24/a-law-firm-where-money-seemed-secondary/|newspaper=New York Times}}
*{{cite web |url=https://www.loc.gov/manuscripts/?q=+richard+blatchford&st=slideshow#|title= Handwritten papers by, and other collection titles mentioning Richard M. Blatchford, from the 1860s|last1= Blatchford|first1= Richard M.|website= www.loc.gov |publisher= The Library of Congress|access-date=March 17, 2016}}

==External links==
*[http://www.cravath.com Cravath, Swaine & Moore LLP website]
*[http://www.chambersandpartners.com/Global/Firms/3830-40024 Chambers and Partners Profile]

{{DEFAULTSORT:Cravath, Swaine and Moore}}
[[Category:Law firms established in 1819]]
[[Category:Law firms based in New York City]]
[[Category:Economy of London]]