Cravath, Swaine & Moore Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Cravath, Swaine & Moore LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
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Cravath, Swaine & Moore LLP

  • Designation: New York
  • Head Count: 472
  • Gross Revenues: $666,500,000
  • Revenue Per Lawyer: $1,410,000
  • Profits Per Partner: $3,555,000
  • Year Over Year Change: 2

Cravath, Swaine & Moore is an USA-based law firm.  According to the National Law Journal's 2016 NLJ 350 ranking of firms based on size, Cravath, Swaine & Moore has 472 attorneys and is the 95th largest firm in the United States.  With $666,500,000 in gross revenue in 2015, the firm placed 50th on The American Lawyer's 2016 Am Law 200 ranking.  On the 2014 Global 100 survey, Cravath, Swaine & Moore ranked as the 61st highest grossing law firm in the world.  The firm has offices in NY.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 50 2 Gross revenue
Am Law 200 50 2 Gross revenue
NLJ 250 103 1 Lawyer head count
The A-List 40 -9 Overall excellence
Pro Bono Scorecard 71 -8 Pro-bono commitment
Diversity Scorecard 87 -6 Minority head count
Midlevel Associates Survey 111 -27 Job satisfaction
Summer Associates Survey 77 -26 Summer programs

In the News

Head Count Declines Outpaced Growth Among NY Firms

Christine Simmons : New York Law Journal : July 11, 2016

The largest law firms in New York showed wide disparity in attorney head count growth, and gains at some firms were outweighed by deep drops at others.

Firm Leaders Predict Modest Growth in Second Half of 2016

Nell Gluckman : The Am Law Daily : July 07, 2016

Law firm leaders surveyed by Citi Private Bank's Law Firm Group mostly reported that they expect a slight growth in demand in the second half of 2016, while realization rates are expected to remain stagnant.

Deal Watch: White & Case Tops First-Half Transactional Rankings

Jennifer Henderson : The Am Law Daily : July 07, 2016

Those controversial deal tables are out again, with White & Case, Simpson Thacher & Bartlett, Sullivan & Cromwell and Davis Polk & Wardwell all jockeying for position as the quarterly so-called King of M&A.

Litigation Slump, Leadership Shifts Take Toll at Cadwalader

Julie Triedman : The Am Law Daily : July 05, 2016

Could a merger be next for Cadwalader, Wickersham & Taft?

Troutman, Kilpatrick and Sutherland Raise Associate Pay

Meredith Hobbs : Daily Report : July 01, 2016

Three of Atlanta's biggest firms just made the holiday weekend even better for their associates. Kilpatrick Townsend & Stockton, Sutherland, Asbill & Brennan and Troutman Sanders announced Friday that they're raising starting salary in Atlanta to $155,000 and bumping it to $180,000 in New York and other major markets.

Big Deals

Rebecca Geiger : Focus Europe : July 01, 2016

The law firms with roles in the largest recent M&A deals across Europe.

Lowenstein Sandler Talks Turkey on Associate Salary Frenzy

Lizzy McLellan : New Jersey Law Journal : June 28, 2016

The New Jersey-based firm's decision to increase starting salaries to varying levels across its markets was based on the cost of living—and eating a turkey sandwich.

How One Silicon Valley Firm Beat the Odds and Made Big Gains

Amanda Bronstad : The National Law Journal : June 27, 2016

Bay Area-based firm cites work in venture funding deals behind 26 percent rise in head count.

Thompson & Knight Ups Associate Base Pay

Brenda sapino jeffreys : Texas Lawyer : June 27, 2016

Dallas-based Thompson & Knight is the latest large Texas firm to increase base salaries for its U.S. associates.

DC Firm Pushes Back On Associate Raises

Katelyn Polantz : The Am Law Daily : June 27, 2016

Washington, D.C.-based BuckleySander told its associates that the firm's salary scale won't change, but midyear bonuses will boost most first-years' pay above $180,000.

Deal Watch: London Falls, But M&A Must Carry On

Jennifer Henderson : The Am Law Daily : June 27, 2016

While Friday's Brexit vote has likely cast a potential shadow over cross-border M&A activity, a number of timely billion-dollar tie-ups were announced amid the U.K.'s decision to leave the European Union.

Brexit Vote Clouds Big-Firm Lawyers' M&A Crystal Balls

Julie Triedman : The Am Law Daily : June 24, 2016

As top transactional lawyers sought to calm nervous clients Friday after Britain's vote to leave the EU, several said that they were bracing for the possibility of a two-year drought in their most highly leveraged, profitable business: advising on cross-border M&A deals.

Florida Firms Aren't Jumping to Match Cravath Pay Scale

Jennifer Henderson : Daily Business Review : June 24, 2016

When it comes to matching Cravath, Swaine & Moore's base salary bump for associates — which will see first-years earn $180,000 and eighth-years rake in $315,000 — firms with big Florida bases are a mixed bag, with the definition of "top of market" becoming increasingly nuanced.

Top Atlanta Firms Hang Back on Associate Pay Raises

Meredith Hobbs : Daily Report : June 23, 2016

After King & Spalding announced a $20,000 pay hike last week for Atlanta associates, Alston & Bird quickly matched—but the rest of Atlanta's big firms are in no hurry to follow.

IP Boutique Tensegrity Law Raises Associate Salaries

Rebecca Cohen : The Recorder : June 23, 2016

The IP boutique will pay first-years $180,000 to start.

Haynes and Boone Increases Associate Salaries

brenda sapino jeffreys : Texas Lawyer : June 22, 2016

Dallas-based Haynes and Boone announced raises for U.S. associates effective July 1, ranging from a $180,000 starting base salary to $325,000.

As Big Firms Up Associate Pay, Regional Firms See an Opening

Kristen Rasmussen : Corporate Counsel : June 22, 2016

Amid a wave of salary increases for associates at big law firms, midsize and regional firms are eyeing the development as a way to reinforce their long-touted message: We're in tune with the economic realities facing clients and do high-quality work for less money.

King & Spalding, Alston Raise Associate Pay

Meredith Hobbs : Daily Report : June 21, 2016

Associate salary hikes have made their way to Atlanta with the city's two largest firms increasing compensation for its associates.

GCs Wary of Rate Hikes as Firms Increase Associate Pay

Stephanie Forshee : Corporate Counsel : June 20, 2016

General counsel say they don't have strong objections to the recent wave of salary increases for associates at big law firms. But they are concerned about firms raising the hourly rates for work done by associates.

Allen & Overy to Match Cravath's U.S. Associate Pay

Rose Walker : Legal Week : June 20, 2016

The Magic Circle firm joins the ongoing U.S. associate pay war, announcing pay rise for first-year U.S. associates to $180,000

Big Law Cautious About Raising Salary of Asia-Based Associates-With Updates

Anna Zhang and Frances Ivens : The Asian Lawyer : June 20, 2016

While Global firms race to match Cravath's new associate salary scale in New York and the rest of the U.S., they are more cautious when it comes to increasing salaries in Asia.

5 Steps to Safeguarding Your Most Sensitive Data

Mark Stevens, Digital Guardian : Legaltech News : June 17, 2016

These steps will help your firm comply with increasingly complex requirements while protecting sensitive client data from cybercriminals.

Andrews Kurth Jumps on Salary Bandwagon

Brenda Sapino Jeffreys : Texas Lawyer : June 17, 2016

Houston-based Andrews Kurth is the latest large Texas firm to raise associate salaries to the new, higher market rate set by Cravath, Swaine & Moore.

Associate Salary Hikes Are Hard to Swallow, Some GCs Say

David Ruiz : The Recorder : June 17, 2016

Some general counsel in Silicon Valley question the need for the recent wave of salary hikes for associates at leading California firms.

After Dechert's Pay Hike, Pa. Firms Watch and Wait, for Now

Lizzy McLellan : The Legal Intelligencer : June 16, 2016

Dechert has raised its associate salaries across the country, starting at $180,000 for first-year associates.According to a memo obtained by The Legal, the new salary scale will be effective July 1. It includes salary increases for each class of associates, up to $315,000 for eighth-year associates and above.

Bracewell Gives Raises to Associates, Cuts Staff

brenda sapino jeffreys : Texas Lawyer : June 15, 2016

The same week Houston-based Bracewell said it would move to the new Cravath market rate for salaries for its U.S. associates, the firm laid off a group of support staff.

On the Move

: New York Law Journal : June 15, 2016

Skadden has promoted seven attorneys to counsel, while several other firms announce new additions, including Littler Mendelson, Kramer Levin and Greenberg Traurig.

Bracewell to Move to Cravath Salary Scale

Brenda Sapino jeffreys : Texas Lawyer : June 14, 2016

Following the market rate set by Cravath, Swaine & Moore, Houston-based Bracewell will raise salaries of U.S. associates on July 1.

Am Law 100 Firms Match Pay Raise for Asia Associates-Further Updated

Frances Ivens and Anna Zhang : The Asian Lawyer : June 14, 2016

Milbank, Kirkland, Simpson Thacher, Paul Weiss, Weil and Davis Polk have confirmed associates pay increase will include those based in Asia.