That could be over, muses Abovethelaw lawyer-journalist Joe Patrice. This is an era when BigLaw firms are getting bigger. Cravath only has about 500 lawyers. In addition, domestic and overseas expansion has become standard. Cravath only has two locations.
Its vulnerable positioning might have been the reason it raised senior associate salaries above the Milbank level. That is, it fears losing seasoned talent. If that talent walks, they can take their book of business - and branding in specializations - with them.
At Cravath, Glassdoor chronicles the usual grousing about lack of work/life balance and long hours. In addition, though, some contend the culture is too traditional and even toxic. There is explicit reference to the firm's not keeping up with technology.
Can Cravath be plowed under by the giants? That's possible if other firms begin poaching its senior talent.
Contact Jane Genova email@example.com.