How hard is it to work at Cravath?

The culture is polite, professional, and noticeably more focused on the work than anything else. Associates say hours are very demanding as a direct result of the work required to complete assignments (the firm has no billable hour requirement).

How prestigious is Cravath?

Rankings and awards

Based on a survey of law firm associate attorneys rating the reputations of firms other than their own, Cravath ranked as the #1 law firm in the United States in the annual "Vault Law 100", in 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and either #1 or #2 annually, since 2007.

What's it like to work at Cravath?

Cravath Swaine Reviews FAQs

Is Cravath Swaine a good company to work for? Cravath Swaine has an overall rating of 3.7 out of 5, based on over 186 reviews left anonymously by employees. 30% of employees would recommend working at Cravath Swaine to a friend and 33% have a positive outlook for the business.

How much does an associate at Cravath make?

Cravath Swaine Salary FAQs

What is the salary trajectory of an Associate? The salary trajectory of an Associate ranges between locations and employers. The salary starts at $49,608 per year and goes up to $177,911 per year for the highest level of seniority.

What is the average salary of a partner at Cravath?

Cravath Swaine Salary FAQs

How does the salary as a Partner at Cravath Swaine compare with the base salary range for this job? The average salary for a Partner is $266,594 per year in United States, which is 9% lower than the average Cravath Swaine salary of $294,677 per year for this job.

Toxic Biglaw Stories.

Is Cravath the best law firm?

Cravath is known as one of the most elite law firms and has a strong reputation for its work in antitrust, banking and credit, capital markets, corporate governance, executive compensation and benefits, M&A, securities litigation, tax, trusts and estates, and white collar criminal defense.

Is Cravath a good law firm?

In June 2023, Vault announced that Cravath was ranked No. 1 on its Vault Law 100, a ranking of the most prestigious law firms across the United States, for the eighth consecutive year. Vault also ranked Cravath as the best law firm in New York as part of its “Best Law Firms by Region” ranking.

Who is the highest paid lawyer in the world?

For example, the average salary of a corporate lawyer is $145,259 in the US. On the other hand, the highest attorney position is that of a partner at a law firm that is annually paid $230,440 on average. Speaking of high salaries, the highest paid lawyer in the world is Richard Scruggs with a net worth of $1.7 billion.

Which firms follow the Cravath scale?

Other U.S. law firms that have said they are matching Cravath's scale include Baker McKenzie; Boies Schiller Flexner; Cleary Gottlieb Steen & Hamilton; Davis Polk & Wardwell; Dechert; Kirkland & Ellis; Paul, Weiss, Rifkind, Wharton & Garrison; Quinn Emanuel Urquhart & Sullivan; and Skadden, Arps, Slate, Meagher & Flom.

What schools does Cravath hire from?

Where does Cravath recruit? During the 2023 recruiting season, we will conduct interviews at Columbia, Duke, Fordham, Georgetown, Harvard, Howard, New York University, Northwestern, Stanford, UC Berkeley, University of Chicago, University of Michigan, University of Pennsylvania, University of Virginia and Yale.

What is the most difficult law firm to get into?

Williams & Connolly LLP

One of the most selective law firms, Williams & Connolly is a litigation standout known for handling complex, high-stakes matters. The firm has a promote-from-within culture with an emphasis on organic mentorship.

Is Wachtell or Cravath better?

Size and Culture: Wachtell and Cravath differ in size and culture. Wachtell is a smaller firm with a more exclusive and specialized practice, while Cravath is larger and has a more generalist approach. Consider which type of work environment and culture you would thrive in.

What is Cravath retirement age?

Cravath has a mandatory retirement age of 65 and Chesler will turn 69 later this month. The firm occasionally makes exceptions to its policy, he explained. “I certainly don't have any present intention” of retiring, he said. “It's the best way to go through life, doing something you love.”

Does Cravath only hire Harvard?

Paul Cravath sought to hire only the "best of the best", and primarily looked to Harvard, Yale, and Columbia law schools for candidates. Graduates were expected to be members of the Phi Beta Kappa/Beta Gamma Sigma system, and to have served as editors of their respective school's law review.

Where does Cravath rank in law firms?

Cravath. According to the National Law Journal's 2023 NLJ 500 ranking of firms based on size, Cravath has 483 attorneys and is ranked 101st in the United States. With $949,949,000 gross revenue in 2022, the firm placed 55th on The American Lawyer's 2023 Am Law 200 ranking.

What is the Cravath special bonus?

Cravath's new pay scale ranges $225,000 for associates in the class of 2023 to $420,000 for those in the class of 2017, according to Above the Law. Bonuses will range from $15,000 to $105,000. Bonuses will be paid Dec. 15 and will be prorated for those with Cravath for only part of the year.

How many people work at Cravath?

Cravath has 1,450 employees.

What is the difference between Cravath and Skadden?

Cravath is a bit smaller, with 429 attorneys (compared to Skadden with over 1600). Both are based in NY, but Skadden has many offices throughout the US, and around the world (with a large presence in Asia), while Cravath only has locations in NY, DC, and London.

How much does a first year law associate make in NYC?

While ZipRecruiter is seeing salaries as high as $188,720 and as low as $50,326, the majority of First Year Associate Attorney salaries currently range between $87,500 (25th percentile) to $142,200 (75th percentile) with top earners (90th percentile) making $170,122 annually in New York City.

Do lawyers become billionaires?

While the millionaire lawyer certainly exists, it's not a common outcome for most attorneys. However, by making smart career choices, living below your means, and investing diligently, it's possible for lawyers to steadily build seven-figure net worths, especially over the span of decades-long legal careers.

Who is the richest barrister in the UK?

Who are the wealthiest British barristers? Graham Aaronson QC, Michael Flesch QC, and David Goldberg QC are, according to the Legal 500, some of the highest-earning barristers and solicitors, with estimated earnings of over $1.25 million per year each.

Who is the richest barrister in the world?

Charlie Munger

He has an estimated net wealth of $2.3 billion, Munger ranks as the world's richest lawyer. He graduated from Harvard Law School and has amassed a large fortune. He is currently known in the business world for being the partner of Warren Buffet, the fifth richest man in the world, in Berkshire Hathaway.

Does Cravath have a London office?

Cravath has a rich, century-long legacy of commitment to Europe and has maintained a dedicated London office and team since 1973, after opening an office in Paris first in 1927.

How many lawyers work at Cravath?

Description. According to the National Law Journal's 2023 NLJ 500 ranking of firms based on size, Cravath has 483 attorneys and is ranked 101st in the United States.

Who runs Cravath?

Faiza J. Saeed is Cravath's Presiding Partner. She advises public companies, boards of directors and special committees in connection with M&A, corporate governance and crisis management, including takeover defense and proxy contests.