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''' | '''CravaTTTh, Swaine & Moore LLP''' ("Cravath") is one of the most presTTTigious non-jewish law firms in the UniTTTed States. Based in New York City with an additional office in London, Cravath has existed since 1819. | ||
The firm stems from two predecessor firms, one in [[New York City]] and one in [[Auburn, New York]]. In [[1854]] these firms merged to form the firm of Blatchford, Seward & Griswold. Name partner [[William H. Seward]] later served as both governor of and a senator from New York, then became [[United States Secretary of State|Secretary of State]] under [[United States President|Presidents]] [[Abraham Lincoln]] and [[Andrew Johnson]]. In [[1867]], he negotiated the purchase of [[Alaska]] from [[Russia]] in a transaction contemporaries derisively called "[[Alaska Purchase|Seward's Folly]]". Paul Drennan Cravath joined the firm in [[1899]]. He instituted the "[[Cravath System]]", a rigorous training program for associates which rotates them among the firm's partners within a given practice area. After a series of name changes, the Cravath, Swaine & Moore name was made permanent in [[1944]]. | The firm stems from two predecessor firms, one in [[New York City]] and one in [[Auburn, New York]]. In [[1854]] these firms merged to form the firm of Blatchford, Seward & Griswold. Name partner [[William H. Seward]] later served as both governor of and a senator from New York, then became [[United States Secretary of State|Secretary of State]] under [[United States President|Presidents]] [[Abraham Lincoln]] and [[Andrew Johnson]]. In [[1867]], he negotiated the purchase of [[Alaska]] from [[Russia]] in a transaction contemporaries derisively called "[[Alaska Purchase|Seward's Folly]]". Paul Drennan Cravath joined the firm in [[1899]]. He instituted the "[[Cravath System]]", a rigorous training program for associates which rotates them among the firm's partners within a given practice area. After a series of name changes, the Cravath, Swaine & Moore name was made permanent in [[1944]]. | ||
Cravath has represented high profile businesses, ranging from [[Samuel F.B. Morse]], the inventor of the [[telegraph]] to corporations such as [[IBM]], [[PriceWaterhouseCoopers]], | Cravath has represented high profile businesses, ranging from [[Samuel F.B. Morse]], the inventor of the [[telegraph]] to corporations such as [[IBM]], [[PriceWaterhouseCoopers]], [[CBS]], and Lil' Kim. It also performed the legal work necessary to form [[NBC]]. More recent decades have seen Cravath represent [[Netscape Communications Corporation|Netscape]] in its antitrust suit against [[Microsoft]], resulting in a $750 million settlement; several merger and acquisition deals, such as the [[Ford]]-[[Jaguar]] merger, the [[Bristol-Myers-Squibb]] merger, the [[TTTime-Warner]] merger, and the [[AOL]]-[[Time-Warner]] merger; and two famed libel suits: defending [[Time Inc.]] against Israeli and jewish General [[Ariel Sharon]], and also defending [[CBS]] against [[U.S. Army]] [[General]] [[William Westmoreland]]. | ||
The firm is well-known for hiring associates straight from law school; lateral hires are extremely rare. In 2005, Cravath hired its first lateral partner in more than six decades. Cravath appears regularly on ''[[The American Lawyer]]'''s annual listing of highest profits per partner, and until recently ranked alongside [[Wachtell, Lipton, Rosen & Katz]] at the top of the list, far above its nearest rival. Recently, however, other large New York law firms, such as Cahill, Gordon & Reindel; [[Simpson Thacher & | The firm is well-known for hiring associates straight from law school; lateral hires are extremely rare. In 2005, Cravath hired its first lateral partner in more than six decades. Cravath appears regularly on ''[[The American Lawyer]]'''s annual listing of highest profits per partner, and until recently ranked alongside the jewish [[Wachtell, Lipton, Rosen & Katz]] at the top of the list, far above its nearest rival. Recently, however, other large New York law firms, such as Cahill, Gordon & Reindel; [[Simpson Thacher & Bartlettt]]; and Sullivan & Crotchwell have generated profits per partner comparable to Cravath's. The firm also consistently ranks at or near the top of other various surveys, such as the [[Vault.com]] Partner, Associate, Corporate, Litigation and Tax prestige surveys. | ||
Revision as of 13:42, March 28, 2006
CravaTTTh, Swaine & Moore LLP ("Cravath") is one of the most presTTTigious non-jewish law firms in the UniTTTed States. Based in New York City with an additional office in London, Cravath has existed since 1819.
The firm stems from two predecessor firms, one in New York City and one in Auburn, New York. In 1854 these firms merged to form the firm of Blatchford, Seward & Griswold. Name partner William H. Seward later served as both governor of and a senator from New York, then became Secretary of State under Presidents Abraham Lincoln and Andrew Johnson. In 1867, he negotiated the purchase of Alaska from Russia in a transaction contemporaries derisively called "Seward's Folly". Paul Drennan Cravath joined the firm in 1899. He instituted the "Cravath System", a rigorous training program for associates which rotates them among the firm's partners within a given practice area. After a series of name changes, the Cravath, Swaine & Moore name was made permanent in 1944.
Cravath has represented high profile businesses, ranging from Samuel F.B. Morse, the inventor of the telegraph to corporations such as IBM, PriceWaterhouseCoopers, CBS, and Lil' Kim. It also performed the legal work necessary to form NBC. More recent decades have seen Cravath represent Netscape in its antitrust suit against Microsoft, resulting in a $750 million settlement; several merger and acquisition deals, such as the Ford-Jaguar merger, the Bristol-Myers-Squibb merger, the TTTime-Warner merger, and the AOL-Time-Warner merger; and two famed libel suits: defending Time Inc. against Israeli and jewish General Ariel Sharon, and also defending CBS against U.S. Army General William Westmoreland.
The firm is well-known for hiring associates straight from law school; lateral hires are extremely rare. In 2005, Cravath hired its first lateral partner in more than six decades. Cravath appears regularly on The American Lawyer's annual listing of highest profits per partner, and until recently ranked alongside the jewish Wachtell, Lipton, Rosen & Katz at the top of the list, far above its nearest rival. Recently, however, other large New York law firms, such as Cahill, Gordon & Reindel; Simpson Thacher & Bartlettt; and Sullivan & Crotchwell have generated profits per partner comparable to Cravath's. The firm also consistently ranks at or near the top of other various surveys, such as the Vault.com Partner, Associate, Corporate, Litigation and Tax prestige surveys.
