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 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

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.

A Myth That Motivates Mergers

Steven J. Harper : The Am Law Daily : October 09, 2014

Bigger is better, except when it's worse.

Small Businesses Join Patent Reform Advocacy Group

Lisa Shuchman : Corporate Counsel : October 08, 2014

The Partnership for American Innovation added two small companies that rely heavily on patents to its roster of industry heavyweights.

In-House at Large Public Companies

: New Jersey Law Journal : October 08, 2014

Chart tracking In-House Counsel at Large Public Companies.

Cuomo Delays Court Nomination by Two Weeks

Joel Stashenko : New York Law Journal : October 06, 2014

Gov. Andrew Cuomo said his choice for the opening on the Court of Appeals created by the expiring term of Judge Victoria Graffeo, who is one of the candidates, still will be made before the Nov. 4 election. But by pushing back his announcement, he said he will take some pressure off the Senate, which will have 30 days to vote on confirmation.

Covington, In-House Teams Get an Assist on NBA's TV Mega-Deal

Brian Baxter : The Am Law Daily : October 06, 2014

Only days after helping the National Football League negotiate an eight-year, $12 billion contract extension with DirecTV, Covington & Burling assisted the National Basketball Association on its nine-year, $24 billion broadcast rights agreement with ESPN and Turner Broadcasting System.

Johnson and Johnson Buys Alios for $1.75 Bil.

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : October 02, 2014

New Brunswick, N.J.-based manufacturer Johnson & Johnson on Sept. 30 announced it has paid $1.75 billion in cash to acquire San Francisco-based biotechnology company Alios BioPharma.

This Week's Deals

David Ruiz : The Recorder : October 02, 2014

A roundup of transactions involving Bay Area lawyers and companies.

John S. Stapleton

: The Legal Intelligencer : September 30, 2014

Shareholder, Hangley Aronchick Segal Pudlin & Schiller

Cravath, Kaye Scholer Lose Bid to Derail Novartis Kickbacks Case

Jan Wolfe : The Litigation Daily : September 30, 2014

Judging by a ruling issued on Tuesday, defense lawyers have their work cut out for them in the latest False Claims Act lawsuit alleging that Novartis AG offered doctors kickbacks to prescribe certain drugs.

Cravath Helps Johnson & Johnson Bag Another Pharma Firm

MP McQueen : The Am Law Daily : September 30, 2014

Johnson & Johnson once again turned to longtime outside counsel Cravath, Swaine & Moore to advise on its $1.75 billion buy of privately held Alios BioPharma, a viral drug developer being represented by Latham & Watkins.

2014 Lawyers on the Fast Track Winners

: The Legal Intelligencer : September 30, 2014

Wachtell Fends Off Class Action Sparked by Avon Bribes Flap

Jan Wolfe : The Litigation Daily : September 29, 2014

Allegations that Avon bribed its way into the Chinese market sparked a massive internal probe and a criminal settlement. But a judge sent a proposed securities class action over the scandal back to the drawing board on Monday, dealing a defeat to plaintiffs lawyers at Motley Rice.

Kirkland, Wilson Sonsini Take Tibco Software Private

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

Silicon Valley stalwart Wilson Sonsini Goodrich & Rosati is advising Tibco Software, the Palo Alto-based enterprise software company founded by Sacramento Kings owner Vivek Ranadive, on its proposed $4.3 billion sale to private equity firm Vista Equity Partners. The deal is the largest leveraged buyout in the technology industry so far this year.

Shook Hardy Passes ISO 27001 Audit

Mark Gerlach : Law Technology News : September 29, 2014

After 18 months of working toward ISO 27001 certification, Shook Hardy passed the test.

Baker Botts, Latham Lead on Veresen's $1.4 Billion Stake Buy

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

Canadian energy company Veresen Inc. has agreed to pay Global Infrastructure Partners $1.43 billion in cash for a 50 percent stake in Ruby Pipeline, a natural gas pipeline running from the Rockies to the West Coast.

Freshfields Poaches Fried Frank Capital Markets Team

Brian Baxter : The Am Law Daily : September 19, 2014

Valerie Ford Jacob, the head of the capital markets group at Fried, Frank, Harris, Shriver & Jacobson, is leaving with partners Michael Levitt and Paul Tropp to join Magic Circle firm Freshfields Bruckhaus Deringer in New York. The moves are the latest high-profile lateral hires by Freshfields in the U.S.

Chancery Court Upholds N.C. Bank's Exclusive Forum Provision

Jeff Mordock : Delaware Business Court Insider : September 17, 2014

In one of the first major tests to the exclusive forum provisions, the Delaware Court of Chancery upheld the right of a North Carolina bank to have all corporate litigation decided by its home state's federal court. The Chancery Court held the bylaw is valid and the plaintiff could not prove the bank's board breached its fiduciary duties by adopting the bylaw.

Noah Phillips

Andrew Ramonas : The National Law Journal : September 15, 2014

Panel Questions Targeted Killings by Drones

Tania Karas : New York Law Journal : September 12, 2014

Experts on international law Wednesday questioned the legality of the U.S. practice of targeted killings by drones and called on the Obama administration to increase transparency around their use.

New Deals

: New York Law Journal : September 11, 2014

Norwegian Cruise Line Holdings has agreed to purchase privately held Prestige Cruises International for $3.03 billion. Also, Amazon.com has announced that it would acquire video game streaming company Twitch Interactive Inc. in a $970 million cash deal.

Del. Judge Blesses Forum Bylaw Aimed at Scuttling M&A Suits

Jan Wolfe : The Litigation Daily : September 09, 2014

Delaware judges aren't exactly known for ceding jurisdiction to other states, especially in shareholder disputes. But a chancery judge ruled that forum selection bylaws are valid even if they're adopted in anticipation of litigation, and even if they designate a Delaware company's out-of-state home turf as the forum.

Cravath Beats Back Xerox Investor Class Action

Jan Wolfe : The Litigation Daily : September 08, 2014

Despite some regrettably worded internal communications it produced during discovery, Xerox Corporation has finally killed off a class action alleging it overstated the cost-saving benefits of its big corporate reorganization in 1998.