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
  • - Key Contacts

Cravath, Swaine & Moore LLP

  • Designation: New York
  • Head Count: 430
  • Gross Revenues: $614,000,000
  • Revenue Per Lawyer: $1,430,000
  • Profits Per Partner: $3,290,000
  • Year Over Year Change: -2

Cravath, Swaine & Moore is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Cravath, Swaine & Moore has 430 attorneys and is the 104th largest firm in the United States.  With $614,000,000 in gross revenue in 2013, the firm placed 52nd on The American Lawyer's 2014 Am Law 200 ranking.  On the 2013 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 52 -2 Gross revenue
Am Law 200 52 -2 Gross revenue
NLJ 250 104 -8 Lawyer head count
The A-List 30 21 Overall excellence
Pro Bono Scorecard 63 22 Pro-bono commitment
Diversity Scorecard 88 -20 Minority head count
Midlevel Associates Survey 111 -27 Job satisfaction
Summer Associates Survey 77 -26 Summer programs

In the News

Small Virginia Firm and Solo Shop Beckon Reed Smith Litigators

Brian Baxter : The Am Law Daily : November 20, 2014

Two Reed Smith partners have left the firm for wildly different opportunities. Richard "Rip" Sullivan Jr. became a partner at Arlington, Va.-based Bean Kinney & Korman, which recently saw its managing partner hospitalized after a brutal stabbing. Meanwhile, Pittsburgh-based litigator Bruce Stanley, a longtime nemesis of recently indicted former Massey Energy CEO Don Blankenship, launched his own solo shop to focus on representing the families of victims killed or injured in mining accidents.

MoFo Partner Nominated to Eastern District Judgeship

Tania Karas : New York Law Journal : November 17, 2014

President Barack Obama has nominated LaShann DeArcy Hall, a partner at Morrison & Foerster who represents Fortune 500 companies in complex commercial litigation, to serve on the Eastern District court.

Jackson Lewis to Eliminate Billable Hours for Associates

Nathalie Pierrepont : The Am Law Daily : November 17, 2014

The labor and employment firm is taking another step toward increasing associate efficiency by getting rid of the billable hour as an evaluative tool for measuring performance and awarding bonuses.

Building On Holder's Legacy

Zoe Tillman : The National Law Journal : November 17, 2014

Loretta Lynch isn't a Washington insider. But her track record as U.S. attorney for the Eastern District of New York shows she's largely been in sync with the Justice Department's priorities under Attorney General Eric Holder, Jr.

Representing Corporate New Jersey

: New Jersey Law Journal : November 14, 2014

A chart of 114 law firms used most frequently by 30 New Jersey companies.

Covance Bought by LabCorp for $6B

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : November 07, 2014

Laboratory testing and diagnostics company LabCorp, based in Burlington, N.C., on Nov. 3 announced it has paid $6.1 billion in cash and stock to acquire Covance, a provider of clinical trials for drug makers in Princeton, N.J.

Dealmaker of the Week: Sullivan & Cromwell's Krishna Veeraraghavan

MP McQueen : The Am Law Daily : November 07, 2014

The firm's partner and cohead of technology finance and mergers and acquisitions led the legal team advising on diagnostic testing company Laboratory Corporation of America's buy of clinical trial research company Covance Inc. for $6.1 billion in cash and stock.

No Violation Too Small for Commodities Agency Action

Jenna Greene : The National Law Journal : November 05, 2014

In a speech before the Futures Industry Association Expo on Wednesday morning, Commodity Futures Trading Commission Chairman Timothy Massad said the agency is committed to pursuing violations both big and small.

Cooley Makes it Sparkle in Jay Z Champagne Deal

Nathalie Pierrepont : The Am Law Daily : November 05, 2014

New York-based wine and spirits company Sovereign Brands tapped Cooley for counsel on its sale of its interest in the Armand de Brignac Champagne brand to a new company led by hip-hop icon Shawn "Jay Z" Carter.

Going Above & Beyond

: New York Law Journal : November 04, 2014

Sanctuary for Families last week presented the organization's 12th annual Above & Beyond Awards for Excellence in Pro Bono Advocacy.

From Don Julio to Medical Research, It's All M&A to Cravath and S&C

Brian Baxter : The Am Law Daily : November 03, 2014

Monday was a three-deal day for the corporate lawyers at Cravath, Swaine & Moore and Sullivan & Cromwell, as the two leading Am Law 100 firms each advised clients on a trio of notable transactions. Covington & Burling, Hogan Lovells, Jones Day, Kirkland, Davis Polk and Wachtell also had key roles on five separate deals.

DLA Piper, Proskauer, S&C in Big Lights as NBA Season Begins

Brian Baxter : The Am Law Daily : October 29, 2014

As the 2014-15 National Basketball season tips off this week, several Am Law 100 firms are getting in on some off-the-court legal action. DLA Piper has been retained to advise on a sale of the NBA's Atlanta Hawks, Sullivan & Cromwell is counseling the owner of the New York Knicks on a potential split of his company's operations and Proskauer Rose its representing the league itself on a landmark deal in Brazil. The NBA players union also filed its annual operating report, which details legal fees paid to Paul Weiss, Orrick, Steptoe, Weil and Winston & Strawn.

Special Report: Big Law's Reality Check

Aric Press : The American Lawyer : October 29, 2014

Amid generally flat revenue but rising partner profits, four fundamental changes are roiling the legal marketplace. Is your firm prepared?

Big Deals

: The American Lawyer : October 29, 2014

Burger King-Tim Hortons, Electrolux-G.E. Appliance Division, Roche-InterMune, Norwegian Cruise Lines-Prestige Cruises

Freshfields Takes On the Wall Street Elite

Chris Johnson : The American Lawyer : October 29, 2014

Will Freshfields's splashy new hires in New York allow it to attain the first-tier status in dealmaking that has eluded Magic Circle firms in the United States?

Am Law Trio Leads on Chiquita's Sale to Brazilian Buyers

Wenxiong Zhang : The Am Law Daily : October 27, 2014

Chiquita Brands International accepted a $682 million cash offer from orange juice producer Cutrale Group and holding company Safra Group three days after its own shareholders voted down a planned inversion deal with Fyffe. Skadden and Kirkland & Ellis advised Chiquita, while Cravath represented to Cutrale and Safra.

Court Affirms Separate Entity Rule in Banking Context

Joel Stashenko : New York Law Journal : October 24, 2014

A New York bank may not be compelled to garnish the funds of a debtor that are being held in accounts of the bank's own foreign branches, a divided Court of Appeals ruled Thursday.

Litigator of the Week: Nicholas Gravante Jr. of Boies, Schiller & Flexner

David Bario : The Litigation Daily : October 23, 2014

On Texas turf, the New York litigator marshaled his resources to score a massive verdict against Trinity Industries that could affect the safety of drivers around the nation, and possibly beyond.

NY High Court Upholds Rule Shielding Foreign Bank Branches

Julie Triedman : The Litigation Daily : October 23, 2014

In a decision with major implications for New York and its resident global financial institutions, the state's highest court ruled Thursday that banks with New York branches needn't turn over customers' overseas assets to claimants attempting to enforce U.S. court judgments.

Big Deals

MP McQueen : The Am Law Daily : October 23, 2014

It's not everyday that one company pays another company to take a business off its hands, but that's exactly what's happening with International Business Machines Corp.

IBM Pays Globalfoundries $1.5B to Take Over Chip Business

MP McQueen : The Am Law Daily : October 21, 2014

Cravath, Hogan Lovells and Weil advise as IBM agrees to pay Santa Clara, Calif.-based Globalfoundries, Inc. $1.5 billion in cash to take on its money-losing semiconductor business, including manufacturing plants and intellectual property.

Wachtell, Cleary Gottlieb Grab Lead Roles as TPG Ups Stake in CAA

Nathalie Pierrepont : The Am Law Daily : October 21, 2014

The private equity firm is stepping up its investment in Creative Artists Agency to become the majority owner of the talent agency. TPG turned to Wachtell Lipton, Rosen & Katz for legal advice, while CAA tapped Cleary Gottlieb Steen & Hamilton.

Cuomo Picks Third Dept. Justice for Top Court

Joel Stashenko : New York Law Journal : October 20, 2014

Gov. Andrew Cuomo said Friday he is nominating Appellate Division, Third Department, Justice Leslie Stein to replace Victoria Graffeo on the Court of Appeals.

GE Bags Skadden's Pozen for Top Antitrust Role

Brian Baxter : The Am Law Daily : October 15, 2014

Sharis Pozen, a former acting assistant U.S. attorney general for antitrust who joined Skadden, Arps, Slate, Meagher & Flom in July 2012, left the firm this month to become vice president for global competition and antitrust at General Electric. Pozen is the latest high-profile Am Law 100 partner to join the in-house legal ranks of the Fairfield, Conn.-based conglomerate, which has tapped Skadden to advise on its pending $17 billion buy of the energy unit of French engineering giant Alstom.

Frederick A.O. 'Fritz' Schwarz

Chris Serico : New York Law Journal : October 14, 2014

Throughout a career spanning more than 50 years, he has fought for civil rights and social justice at home and overseas, becoming among the earliest vocal critics of apartheid, championing efforts to curb police violence and representing victims of bias.

Patent Battle Over Teva's Copaxone Heads to High Court

Lisa Shuchman : The Litigation Daily : October 14, 2014

The case could set a precedent requiring the Federal Circuit to defer to district court claim construction rulings, a move that would shift power from the Federal Circuit and could make it more difficult for lawyers to get patent decisions reversed on appeal. 

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the United States, especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank, and Shearman in a bid to challenge Wall Street firms on their own turf.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the U.S., especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank and Shearman in a bid to challenge Wall Street firms on their own turf.

Fee Tracker: Bingham, Fried Frank Bag Old Mutual IPO Roles

Brian Baxter : The Am Law Daily : October 09, 2014

Initial public offerings for such companies as British insurer Old Mutual's Boston-based asset management arm and Royal Bank of Scotland-backed Citizens Financial helped fill the coffers of firms such as Bingham, Cleary Gottlieb, Davis Polk and Fried Frank while Detroit's bankruptcy continued to be a boon to Jones Day and Honigman. Meanwhile, the U.S. Supreme Court prepares to examine $4.1 million in Baker Botts bankruptcy fees in our latest look at notable legal billings from throughout The Am Law 200.

Am Law 100 Firms Capitalize on Big Pharma Deals

Wenxiong Zhang : The Am Law Daily : October 09, 2014

Sullivan & Cromwell, Latham, McDermott and Sidley Austin advised on Impax Laboratories' purchase of Tower Holdings for $700 million. Sullivan & Cromwell also counseled Endo International on a separate pharmaceutical deal in which the company agreed to pay $2.6 billion for Auxilium Pharmaceuticals, itself advised by Morgan Lewis and Willkie. Meanwhile, Debevoise and Wilmer took the lead on a third transaction in the pharmaceutical sector, this one worth $675 million.