Cravath, Swaine & Moore Law Firm Profile

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

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  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
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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 2012 Global 100 survey, Cravath, Swaine & Moore ranked as the 59th highest grossing law firm in the world.  The firm has offices in London, NY and Paris.

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

Detroit Bankruptcy Trial Steps into Uncharted Territory

Susan Beck : The Am Law Daily : August 30, 2014

The city's proposed plan to emerge from the biggest municipal bankruptcy is fraught with complexities. Among the issues to be argued by several Am Law firms during the six-week trial, which begins Tuesday, is whether securities holders insured by Syncora Guarantee Inc. are getting their fair share.

New Deals

: The Am Law Daily : August 28, 2014

Burger King Worldwide Inc. and Canadian chain Tim Hortons Inc. have agreed to an $11.4 billion tie-up that would send the combined company's headquarters north in what may be the most visible corporate tax inversion yet. Also, Roche Holding announced Monday its $8.3 billion acquisition of InterMune, a suburban San Francisco-based company lung disease drug developer.

Amid Snapchat's Rise, Legal Advisers Abound

Brian Baxter : The Am Law Daily : August 28, 2014

The Silicon Beach photo messaging service Snapchat was valued at $10 billion this week following an investment from venture capital firm Kleiner Perkins Caufield & Byers. Behind the startup's rapid rise to fame are a handful of firms, including Cooley, which does most of Snapchat's outside legal work, and others like Perkins Coie and Quinn Emanuel Urquhart & Sullivan. Snapchat CEO Evan Spiegel is the son of two lawyers with Am Law 100 ties.

Twenty-Five Things Your Associates Want You to Know

Ross Todd : The American Lawyer : August 27, 2014

The one thing that midlevels want to tell their managing partner.

Big Deals

: The American Lawyer : August 27, 2014

Reynolds American/Lorillard; General Electric/Alstom; Salix/Cosmo Technologies; Nook Spinoff

Cravath, Davis Polk Lead on Latest Big Drug Buy

Brian Baxter : The Am Law Daily : August 25, 2014

In its biggest deal since its $46.8 billion takeover of Genentech in 2009, Swiss drug giant Roche has turned to Davis Polk & Wardwell for counsel on its $8.3 billion buy of suburban San Francisco-based lung disease drug developer InterMune, which is being advised by Cravath, Swaine & Moore and a Chicago IP boutique.

With BoA Settlement Comes Shift in Work for Law Firms

Julie Triedman : The Am Law Daily : August 25, 2014

Bank of America Corp.'s $16.65 billion settlement announcement, and the tailing off of the government's enforcement actions, promises to affect a swath of top-tier Wall Street firms. But lawyers at the banks' primary outside counsel said that work continues to flow.

BofA Deal Marks End Of an Era

Julie Triedman and Jenna Greene : The National Law Journal : August 25, 2014

With Bank of America Corp.'s $16.7 billion settlement over the marketing and sale of subprime residential mortgage-backed securities, prosecutors closed out the largest remaining government enforcement actions stemming from the financial crisis.

Cravath, Davis Polk Lead on Latest Big Drug Buy

Brian Baxter : The Am Law Daily : August 25, 2014

In its biggest deal since its $46.8 billion takeover of Genentech in 2009, Swiss drug giant Roche has turned to Davis Polk & Wardwell for counsel on its $8.3 billion buy of suburban San Francisco-based lung disease drug developer InterMune, which is being advised by Cravath, Swaine & Moore and a Chicago IP boutique.

With BofA Settlement Comes Shift in Work for Firms

Julie Triedman : The Am Law Daily : August 21, 2014

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

Vivendi Takes Aim at Remains of $9.3B Shareholder Verdict

Jan Wolfe : The Litigation Daily : August 20, 2014

The U.S. Supreme Court's decision in already helped slash a rare securities class action jury verdict against Vivendi. Now the company's lawyers at Weil and Cravath are busy trying to bury what's left of the spoils.

Ex-Morgan Lewis Partner Named New Baseball Commish

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

Robert Manfred Jr., a former Morgan, Lewis & Bockius labor and employment partner currently serving as COO of Major League Baseball, beat out two rivals to emerge victorious in the race to replace Bud Selig as commissioner. Manfred, 55, will be the third former Am Law 100 lawyer to lead a major North American professional sports league. He and Morgan Lewis both have long-standing ties to America's favorite pastime.

The Churn: Bingham Tax Duo Departs, Plus More Lateral Moves

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

Two more Bingham McCutchen partners depart in Washington, D.C., Jones Day loses two in the Midwest, Simpson Thacher & Bartlett hires in New York and other notable moves from throughout The Am Law 200.

At Kirkland, Another Hire Amid Steady Stream of Departures

Brian Baxter : The Am Law Daily : August 14, 2014

Kirkland & Ellis has hired again in Houston, adding former Baker Botts associate David Castro Jr. as a partner. But while the firm continues to make headlines on the transactional and lateral fronts, it's also dealing with the loss of more than 50 partners since the start of this year, many of whom have left its IP group.

Law Firms Cash In on Inversion Bonanza

: The Am Law Daily : August 12, 2014

As more U.S. companies seek to lower their tax rates by reincorporating overseas through so-called inversions, at least three dozen U.S. firms have capitalized on the trend, with Skadden, Arps, Slate, Meagher & Flom leading the way.

Top Tax Lawyers Mum on Inversion Debate

Susan Beck : The Am Law Daily : August 12, 2014

More than a decade ago, when corporate inversions came under scrutiny, a group of leading New York tax lawyers—headed by a Paul Weiss partner and including partners from Skadden, Sullivan & Cromwell, and Cravath—took a principled stand and called for urgent action to stop these deals. Twelve years later, a new wave of inversions has sparked controversy and calls for reform. This time the corporate tax bar's lawyers are silent.

New Deals

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

Russian steelmaker OAO Severstal has agreed to sell its North American subsidiaries to U.S. competitors Steel Dynamics and AK Steel Holding Corp. for a combined $2.3 billion. Also, Scientific Games Corporation said on Friday it has agreed to buy Bally Technologies for $5.1 billion in cash and debt.

Deal of the Week: $715 Million E&P Deal for East Texas Acreage

Brenda Sapino Jeffreys : Texas Lawyer : August 04, 2014

Jackson Walker and DLA Piper get East Texas deal done.

Am Law Trio Advise on Scientific Games' $5.1 Billion Bally Bet

MP McQueen : The Am Law Daily : August 01, 2014

Cravath, Swaine &Moore, Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom lead the way on casino and lottery game maker Scientific Games' purchase of Bally Technologies in a deal that continues a streak of consolidations in the gaming industry.

Deal of the Week: $715 Million E&P Deal for East Texas Acreage

Brenda Sapino Jeffreys : Texas Lawyer : July 31, 2014

Jackson Walker and DLA Piper get East Texas deal done.

Big Deals

: The American Lawyer : July 30, 2014

Medtronic/Covidien; Tyson/Hillshire; Time Inc. Spinoff; Level 3/TW Telecom; Apple/Beats

For Avon, $135M FCPA Settlement Is Just a Start

Sue Reisinger : Corporate Counsel : July 28, 2014

While Avon Products Inc. works to resolve its long-running Foreign Corrupt Practices Act case, its proposed settlement is part of a recent trend in overseas bribery cases.

21st Century Fox Sells German, Italian Units for $9 Billion

Wenxiong Zhang : The Am Law Daily : July 25, 2014

A slew of Am Law and Magic Circle firms advised as 21st Century Fox agreed to offload its pay-television assets in Italy and Germany to British Sky Broadcasting Group in a deal that would provide cash to reignite media mogul Rupert Murdoch's takeover bid for Time Warner.

Wachtell Raids Simpson Thacher for Executive Compensation Expert

Brian Baxter : The Am Law Daily : July 21, 2014

A month after Wachtell, Lipton, Rosen & Katz executive compensation partner Jeremy Goldstein left the venerable Am Law 100 firm to start his own practice, the country's most profitable shop on a profits-per-partner basis looked outside its ranks to find a replacement in Simpson Thacher & Bartlett partner Andrea Wahlquist. She becomes only the fourth lateral partner hire in Wachtell's storied history.

New Deals

MP McQueen : The American Lawyer : July 17, 2014

Reynolds American Inc., maker of Pall Mall and Camel cigarettes, has agreed to buy Lorillard Inc. for $27.4 billion, including debt. If completed, the merger would create a powerful rival to the largest tobacco company in the U.S.

Am Law 100 Trio Advising on Murdoch's Time Warner Bid

Brian Baxter : The Am Law Daily : July 16, 2014

Skadden, Arps, Slate, Meagher & Flom and Hogan Lovells are representing Rupert Murdoch's Twenty-First Century Fox on its $80 billion unsolicited takeover bid for Time Warner, which has rejected the offer. Cravath, Swaine & Moore is advising Time Warner on the matter. All three firms have long histories with the two media giants.

Reynolds Agrees to Buy Lorillard for $27.4 Billion

MP McQueen : The Am Law Daily : July 15, 2014

Jones Day, Cravath Swaine & Moore, Simpson Thacher & Bartlett, Allen & Overy and Kirkland & Ellis all advised on the megadeal that would create a $50 billion tobacco company to rival Altria Group, the holding company of Philip Morris.

Skadden Leads on Banking, Candy Deals

Brian Baxter : The Am Law Daily : July 14, 2014

After outpacing the Am Law 100 pack for transactional work during the first half of 2014, Skadden has stepped up its game in the third quarter by advising Brazil's BTG Pactual Group on its $1.7 billion buy of Italian insurer Generali's Swiss private bank as well as Swiss chocolate maker Lindt & Sprungli on its purchase of Russell Stover Candies for a reported $1.4 billion. Skadden also recently advised on an agreement to save struggling retailer American Apparel.

Abbott Labs Sells Specialty and Generic Business to Mylan

Vinayak Balasubramanian : The Am Law Daily : July 14, 2014

The $5.3 billion all-stock deal would allow Mylan to relocate some of its operations to the Netherlands. Mylan sought legal counsel from Cravath, Swaine & Moore, while Abbott turned to Baker & McKenzie.

The Careerist: Best Firms for the Summer (and After)

Vivia Chen : The Careerist : July 10, 2014

Vault's top law firms for summer programs and associate happiness.