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Special ReportNorth America Innovative Lawyers
How big should a US law firm be? Plus: top 35 innovative firms
...Cravath, Swaine & Moore has hired UK-qualified lawyers in its London office for the first time, and created a tier of non-equity partners in New York....
December 5, 2023
Due Diligence
PE+QE made K&E. Will it last? Premium content
...Cravath, Swaine & Moore recently established a non-equity partner tier, a crucial driver of Kirkland’s mode, and in 2021 overhauled its “lockstep” model that rewards partners based on seniority rather than...
December 13, 2023
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
Mergers & Acquisitions
Shearman & Sterling and Hogan Lovells abandon merger talks
...Earlier in the week, it emerged the firm was losing star finance partners Korey Fevzi and Philip Stopford who are joining Cravath, Swaine & Moore....
March 3, 2023
Silvergate Bank
Silvergate to the pearly gates
...In connection with the above: Centerview Partners LLC is acting as financial advisor, Cravath, Swaine & Moore LLP is acting as legal advisor and Strategic Risk Associates is providing transition project...
March 8, 2023
News in-depthLegal services
London’s ‘magic circle’ law firms make renewed bid to crack US
...The head of one top Wall Street law firm admits that the recruitment of Klingsberg by Freshfields, along with other signature hires such as Damien Zoubek, a leading M&A lawyer from Cravath, Swaine & Moore...
August 9, 2022
Legal services
FT North American Innovative Lawyers Awards 2021 — winners announced
..., Swaine & Moore Innovation in racial justice Latham & Watkins Innovation in New solutions Dentons Innovation in social justice Sullivan & Cromwell Innovation in creating new standards Cadwalader...
December 10, 2021
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
The FT ViewThe editorial board
‘Lockstep’ falls out of step with modern law firms
...Last week, Cravath, Swaine & Moore, one of Manhattan’s elite firms, made a similar move. If even Cravath and Linklaters cannot make the lockstep model work, who can?...
December 16, 2021
News in-depthLegal services
Faiza Saeed, the Cravath leader modernising a venerable law firm
...When Faiza Saeed took the helm as presiding partner of Cravath, Swaine & Moore in 2017, it was seen as the crowning achievement for a lawyer who had distinguished herself as one of a handful of elite boardroom...
December 10, 2021
Legal services
Digital delivery from the daily grind for younger lawyers
...However, with Cravath, Swaine & Moore announcing increased bonuses in November across every level of associate — up to $115,000 for those with seven years’ experience — and other firms issuing “special”...
December 10, 2021
Legal services
‘The pay rates for lawyers are unsustainable’
...In November, Above the Law, a website that tracks lawyers’ pay, revealed that Cravath, Swaine & Moore had increased bonuses across all associate cohorts, with the most senior paid $115,000....
December 10, 2021
Legal services
US lawyers set for record bonuses as pandemic fires dealmaking
...New York-based Cravath, Swaine & Moore kicked off bonus season for the biggest US corporate law firms last month, telling senior associates they would be in line for year-end bonuses of as much as $115,000...
December 6, 2021
Linklaters LLP
Linklaters becomes latest law firm to phase out ‘lockstep’ pay model
...The firm’s decision was announced just days after New York firm Cravath, Swaine & Moore, one of the last bastions of the pure lockstep system, overhauled its pay structure to reward partners based on merit...
December 15, 2021
Legal services
Kirkland & Ellis poaches top Cfius adviser from rival Skadden Arps
...In New York, the firm’s hires have included Eric Schiele and Jonathan Davis from Cravath Swaine & Moore. More recently it lured away David Klein from law firm Paul Weiss....
March 4, 2020
Latham & Watkins LLP
Latham posts record $4.3bn revenues after surge in pandemic demand
...At the end of last year firms including Cravath, Swaine & Moore as well as international firms such as Clifford Chance announced bonuses of up to $100,000 for junior staff following intense work rates during...
March 16, 2021
Due Diligence
The winners and losers from a pharma mega-deal Premium content
...Lockstep compensation, which ties pay to time served, was devised by the revered US firm Cravath, Swaine & Moore in the 19th century....
December 15, 2020
FT Live
Innovative Lawyers Awards Europe
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 12 SeptemberLondon, UK
Boies Schiller & Flexner LLP
Boies Schiller law firm restructures during pandemic
...The son of a Brooklyn lawyer with a neighbourhood practice, Mr Gravante worked as a young lawyer at Mr Boies’ old firm, Cravath Swaine & Moore, in the 1980s, but became disillusioned by the lack of courtroom...
April 23, 2020
Letter
US patent reform is good for health and innovation
...David J Kappos Partner, Cravath Swaine & Moore LLP Former Under Secretary of Commerce and Director of the United States Patent and Trademark Office...
July 26, 2019
Law
Top 10 individuals: winner’s mission to share medical data
...Mark Greene Partner, head of corporate department and leader of international practice, Cravath, Swaine & Moore Leading the corporate department at a 200-year-old law firm with a premium reputation is...
December 10, 2019
Law
US law firms revive bidding war for young talent
...It was echoed by several other leading US firms, including Cravath Swaine & Moore, which normally sets the salary bar — as it did when it sparked a similar pay war two years ago....
June 15, 2018
John Gapper
Law firm partnerships are losing their lustre
...The decline of lockstep is ending parity of responsibility and compensation among partners at all but a few firms, such as Slaughter and May in London and Cravath, Swaine & Moore in New York....
May 16, 2018
Management
Why big US law firms are on a UK hiring spree
...Magic circle firms and some elite US firms such as Cravath, Swaine & Moore and Debevoise have modified “lockstep” systems, where income rises steadily to a maximum level over 15 or 20 years of partnership...
March 16, 2018
US & Canadian companies
Northrop Grumman to acquire rival Orbital in $9.2bn deal
...Perella Weinberg Partners is acting as exclusive financial adviser to Northrop and Cravath, Swaine & Moore is providing it legal counsel....
September 18, 2017
News in-depthThe Big Read
Big Tech vs Big Pharma: the battle over US patent protection
..., Swaine & Moore, who says the argument about patent trolls “increasingly rang false”....
October 16, 2017
News in-depthDue Diligence
Fox v Sinclair for Tribune Media Premium content
...Woolery began his career at Cravath, Swaine & Moore, where he spent 17 years and rose to partner....
May 2, 2017
US & Canadian companies
US law firms rush to improve defences after Chinese hack
...Two of the law firms advising on deals from which the hackers profited were Cravath, Swaine & Moore and Weil, Gotshal & Manges, according to announcements at the time....
December 28, 2016

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