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Cravath, Swaine & Moore LLP (known as Cravath; krə-VATH) is an American white-shoe law firm headquartered in New York City. The firm has additional offices in London and Washington, D.C. History
This is a list of global law firms ranked by profits per equity partner (PPEP) in 2021. [1] Firms marked with "(verein)" are structured as a Swiss association. These are estimates and equity partners can make vastly different salaries inside the same firm. [2]
In 2016, law firm Cravath, Swaine & Moore beat the "Simpson salary scale" for the first time in nearly a decade with a 12.5% increase in associate base salary, a move that was promptly matched by Simpson Thacher and other large law firms. As of March 2, 2022, the base salary for first-year Simpson Thacher associates begins at $215,000. [32]
Law firm size. Median starting lawyer salaries in 2023. 100 or fewer lawyers. $155,000. 101 to 250 lawyers. $160,000. 251 to 500 lawyers. $190,000. 501 to 700 lawyers
The Cravath System is a set of business management principles first developed at Cravath, Swaine & Moore.. John Oller, author of White Shoe, credits Paul Drennan Cravath with creating the model in the early 20th century, which was adopted by virtually all white-shoe law firms, fifty years before the phrase white shoe came into popular use. [1]
This is a list of American law firms by profits per equity partner (PPEP, sometimes reported as profits per partner or PPP). The list details the profit per equity partner figures of the 100 largest law firms by gross revenue; there is the potential for firms with higher PPEP to not be on this list if they were not on the Global 100 by revenue. [1]
Rank Firm Revenue (US$) Lawyers Revenue per lawyer (US$) Profit per partner (US$) [2] Country with the most lawyers; 1: Kirkland & Ellis: $6,042,000,000 3,025
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