Firm Profile > Cravath, Swaine & Moore LLP > NEW YORK, United States
Cravath, Swaine & Moore LLP Offices
825 EIGHTH AVENUE
- Profile > Cravath, Swaine & Moore LLP > NEW YORK
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Cravath, Swaine & Moore LLP > The Legal 500 Rankings
Capital markets: debt Tier 1
Cravath, Swaine & Moore LLP’s practice, which is equally adept at advising issuers and underwriters, stands out in complex deals, and has a strong track record in acquisition and spin-off transactions. The firm’s expertise on the debt side is illustrated by its enviable deal volume over the past twelve months: from November 2017 until November 2018, the group handled investment grade deals worth over $117bn. Finance co-lead Craig Arcella enjoys a premier reputation for his financial institution relationships and recently advised a group of underwriters, led by Barclays, Bank of America Merrill Lynch, Citigroup, Credit Suisse, JP Morgan and Morgan Stanley, on Union Pacific’s $6bn notes offering. Also on the underwriter side, William Fogg, who co-heads the finance practice, and newly promoted partner Michael Mariani advised the underwriters, led by JP Morgan, on a $6bn notes offering by JPMorgan Chase. Additionally, Johnny Skumpija acted on several issuer-side highlights, including advising Nestlé Holdings on its $8bn notes offering. In another marquee company-side transaction, Nicholas Dorsey, who also recently made partner, acted for The Walt Disney Company on offers by its wholly-owned subsidiary TWDC Holdco 613 Corporation to exchange notes issued by 21st Century Fox for up to $18.1bn. Andrew Pitts, who heads the capital markets department, and William Whelan are also prominent names in the New York-based group.
‘A global leader in capital markets’, Cravath, Swaine & Moore LLP is highlighted for its ‘great reputation with the major investment banks’, and is also considered ‘a fantastic issuer-side firm’. The group, which practices US law exclusively from its two offices in New York and London, routinely leads offerings across Europe, Latin America and other markets and is active in both debt and equity offerings. Andrew Pitts (‘a simply great attorney’) heads up the North America capital markets team and his broad expertise encompasses the financial services, natural resources and transportation sectors. Among Pitts’ recent deals, he advised Shell International Finance on its $3bn notes offering, and also advised the underwriters on Allergan Funding’s €1.7bn notes offering. Craig Arcella, who co-heads the financing practice, is another seasoned expert; he recently advised the underwriters on a $2bn notes offering by the State of Israel, which were listed on the Bourse de Luxembourg. The firm has also recently undertaken work for AerCap, Costamare and Nestlé. Other key contacts include William Fogg, who co-heads the financing practice, and ‘excellent’ up-and-coming partner Scott Bennett.
Commercial lending Tier 1
As one of the premier firms for lender-side work, Cravath, Swaine & Moore LLP has ironclad relationships with some of the country's largest financial institutions, which it regularly advises on investment-grade loans and complex financings and refinancings. The six-partner team also regularly sits on the borrower side of the table for its corporate clients, such as Qualcomm, which it advised on $6bn in facilities to finance its ultimately abandoned acquisition of NXP Semiconductors. The firm also acted on significant deals for Northrop Grumman and Time Warner. On the lender side it acted for JP Morgan in relation to $12bn of credit facilities provided to Dow DuPont linked to its separation into three companies and the spin-off of Corteva. Michael Goldman leads the team, which also includes corporate managing partner George Zobitz, Tatiana Lapushchik, Joseph Zavaglia, and Stephen Kessing.
The ‘excellent’ practice at Cravath, Swaine & Moore LLP was involved in a number of upper-market M&A transactions throughout 2018, which included Jennifer Conway advising Time Warner on its $109bn sale to AT&T. Similarly, ‘superb and extremely responsive’ practice head Eric Hilfers is providing benefits and executive compensation advise to The Walt Disney Company in connection with its $85bn acquisition of 21st Century Fox. Jonathan Katz handled a number of deals, including Northrup Grunman’s $9.2bn acquisition of Orbital ATK, and Brookfield Asset Management’s $5.1bn acquisition of TerraForm Global. The ‘very hands on and knowledgeable’ team also advised The Linde Group on its $70bn merger with Praxair, a transaction which resulted in the world’s largest industrial gas supplier. Other notable clients include Santander, IMB, AXA, Amazon and Johnson & Johnson. All named partners are based in New York.
Environment: transactional Tier 1
Based in New York, the ‘stellar’ practice at Cravath, Swaine & Moore LLP is a particularly lean one, with three dedicated practitioners handling the full range of environmental issues arising from business transactions, including acquisitions and divestitures, secured lending and acquisition financings, equity and debt offerings and initial public offerings, as well as related regulatory and litigation matters. The team's clients include Johnson & Johnson, Crown Castle International, Mylan, and IBM, and it is being retained by The Walt Disney Company in its pending $85bn acquisition of 20th Century Fox. Further, the team acted for the underwriters, led by Citigroup, JP Morgan, Barclays, Credit Suisse, HSBC, RBC Capital Markets, BofA Merrill Lynch and Deutsche Bank Securities, in the €450m offering of registered high-yield senior notes by The Chemours Company, listed on the Irish Stock Exchange. The ‘fabulous’ Matthew Morreale heads the practice, and senior attorney Annmarie Terraciano is also recommended.
Praised for its ability to 'muster impressively cohesive intellectual firepower', New York-headquartered Cravath, Swaine & Moore LLP provides a seamless service to a wide range of financial services clients, from the initial agency investigation and enforcement action through to the private class actions that frequently follow in their wake. The team continues to handle a significant amount of antitrust-related disputes for financial services clients, including American Express, which renowned trial lawyer Evan Chesler successfully represented before the US Supreme Court (thereby bringing an end to an eight year lawsuit brought by the DOJ and 17 state attorneys general). In another notable market manipulation-related dispute, John Buretta successfully secured the dismissal of a consolidated class action brought against Nomura International as one of the alleged participants in collusion and price fixing among numerous financial institutions of supranational, sub-sovereign and agency bonds. Appreciated by clients for his 'strong intellect and excellent bedside manner', Richard Clary is regularly at the forefront of the most significant financial services litigation handled by the firm, including his defense, along with Lauren Moskowitz and Michael Reynolds, of Credit Suisse in residential-mortgage backed securities (RMBS) litigation brought against it in the immediate aftermath of the financial crisis. Daniel Slifkin and Michael Paskin are also regularly involved in financial services-related litigation and have both been pivotal to the firm's defense of Morgan Stanley in individual and class action lawsuits alleging collusion among banks to restrain competition in the market for certain derivatives.
General commercial disputes Tier 1
'Intellect and litigation strategy are key strengths’ at Cravath, Swaine & Moore LLP, which is noted for its 'solid, remarkably thorough work’. The firm had another busy year in 2018, continuing to handle high-profile and high-stakes cases. Highlights included representing Qualcomm in consolidated actions in the Southern District of California against Apple concerning Qualcomm's patent licensing and modem chipset businesses; the team included Evan Chesler, J Wesley Earnhardt and Vanessa Lavely, who was promoted to partner in 2018. Elsewhere, Benjamin Gruenstein represented Avon in a breach of contract dispute filed by ASG, Technologies, while in the New York State Court of Appeals, Richard Clary, Michael Reynolds and Lauren Moskowitz secured the dismissal of a Martin Act claim against client Credit Suisse filed by the New York Attorney General. In a significant development in September 2018, former District Judge for the Southern District of New York Katherine Forrest returned to the firm. Darin McAtee is 'a first-rate trial lawyer with outstanding performance in the courtroom’ and Omid Nasab is also recommended. Key litigator David Marriott is another name to note.
International tax Tier 1
The team at New York-based Cravath, Swaine & Moore LLP provides expertise in tax-efficient structures for domestic and international transactions, including mergers, spin-offs, joint ventures, private equity deals and internal restructurings. It is led by Stephen Gordon, who is assisting Barrick Gold in connection with its pending $18.3bn merger with Randgold Resources. In another highlight, Lauren Angelilli provided tax advice to AveXis in connection with its $8.7bn acquisition by Novartis. She is also working with up-and-coming partner Kara Mungovan, advising GKN plc in connection with the £8.1bn unsolicited offer from Melrose Industries to acquire the company. J Leonard Teti II is also advising Novartis, in connection with its pending $2.1bn acquisition of Endocyte. Andrew Needham advised Brookfield Asset Management on its $1.3bn acquisition of TerraForm Global. In Latin American work, Christopher Fargo advised Banco Santander on the $528m sale by its wholly owned subsidiary, Banco Popular Español, of TotalBank to Banco de Crédito e Inversiones. Of counsel Michael Schler is recommended.
M&A litigation: defense Tier 1
Last year, Cravath, Swaine & Moore LLP in New York handled putative class action, derivative and other litigation for contemplated, completed or terminated deals with a cumulative value of more than $490bn. Yonatan Even helped Anheuser-Busch InBev SA/NV secure the dismissal of a challenge to its $123bn acquisition of SABMiller PLC. Gary Bornstein is 'one of best lawyers in this space; he is a terrific lawyer with no pomp and no circumstance'. His work included winning the dismissal of a class action against Blount International that challenged its acquisition by American Securities and P2 Capital Partners in 2016. Robert Baron is another of the practice's leading lights and in In re Akorn, Inc. Data Integrity Securities Litigation, he is involved in one of the market's most high-profile cases, which centres on an investigation launched by Fresenius Kabi into issues affecting the companies' pending $4.3bn merger. Antony Ryan and Kevin Orsini, who handled numerous high-profile cases for energy company Williams, including In re The Williams Companies, Inc. Merger Litigation, are also recommended.
M&A: large deals ($1bn+) Tier 1
Cravath, Swaine & Moore LLP has maintained a significant market share of big-ticket M&A transactions, despite the relatively small size of its M&A department and the firm's small global presence (with offices in New York and London) compared to other tier one competitors. Its much celebrated rotation system ensures that associates and partners are able to apply their big picture experience and expertise in complex transactions. The firm has a much greater emphasis on strategic corporate acquirers than financial sponsors and private equity houses, compared to many of its natural competitors. It continues to impress in cross-border transactions where it advises both US and foreign multinationals. Clients include AXA, British American Tobacco, IBM, Johnson & Johnson, Royal Dutch Shell and The Walt Disney Company. In 2018, the firm advised Time Warner on the completion of its $108.7bn sale to AT&T and advised The Walt Disney Company on its pending $85bn acquisition of Twenty-First Century Fox. Moreover, it advised The Linde Group on its immensely complex and pending $70bn merger of equals with Praxair and Barrick Gold on its pending $18.3bn merger with Randgold Resources. The firm has 'super lawyers' with the firm's presiding partner Faiza Saeed further cementing her leading position in the market with a string of headline deals, including the previously mentioned Time Warner and Walt Disney transactions. Richard Hall also continues to impress with his exemplary deal experience, as does Mark Greene and Robert Townsend. Damien Zoubek is gaining further recognition in the market for advising the likes of Johnson & Johnson in headline transactions, while Keith Hallam, Ting Chen and Aaron Gruber are among those expected to achieve similar prominence in the future.
Cravath, Swaine & Moore LLP in New York has a deep bench of 'hardworking, thoughtful attorneys', who frequently handle complex, high-value and precedent-setting cases. With 24 partners handling securities litigation and enforcement, the team is not among the largest, but it has highly prominent lawyers such as Richard Clary, who is 'someone that other defence lawyers look up to', Antony Ryan and head of litigation Daniel Slifkin. Slifkin, Ryan and regulatory enforcement specialist David Stuart acted for ophthalmic pharmaceutical manufacturer Akorn, Inc in a purported consolidated securities class action and a consolidated derivative action in which plaintiffs sought $150m in damages for alleged misrepresentations by the company concerning its business, operations and internal controls. For the same client, Robert Baron is handling a stock-drop class action arising from an investigation into data integrity issues. Among the other standout partners are Karin DeMasi, who is handling a class action concerning technology company Greensky's IPO; Timothy Cameron; rising star Lauren Moskowitz; and Rachel Skaistis, who handled a stock-drop case for El Pollo Loco.
Cravath, Swaine & Moore LLP's New York-based team provides telecoms clients with high-value M&A and capital markets services, with a particular focus on transformative, large-scale acquisitions. The firm is experienced on both sides of the M&A table, acting as sell-side counsel in Time Warner's acquisition by AT&T, a market-shaping deal worth $109bn, and on the buy side on behalf of Disney regarding its pending $85bn acquisition of 21st Century Fox. Robert Townsend leads the group and specializes in complex M&A transactions, recently advising Cincinnati Bell on its $650m acquisition of Hawaiian Telecom. Faiza Saeed and George Schoen are key contacts for clients operating in the broadcasting and content delivery space; both advised on the Time Warner and Disney deals. Financing specialist Tatiana Lapushchik advised Citibank and JP Morgan in their provision of $10bn credit facilities to The Walt Disney Company. Capital markets expert William Fogg recently handled data center operator Cyrus One's $570m registered common stock offering, while Johnny Skumpija and Stephen Burns advised Crown Castle International on a $1bn debt offering and $831m stock offering.
US taxes: non-contentious Tier 1
Led by ‘well-known tax figure’ Stephen Gordon, the tax department of Cravath, Swaine & Moore LLP houses ‘one of the strongest transactional tax groups in New York’ and was particularly active and a number of standout public and private M&A, joint ventures and investments . ‘Technically excellent and commercially astute’, Gordon advised Northrop Grumman Corporation on the $9.2bn acquisition of Orbital ATK, and also assisted Time Warner with its $109bn sale to AT&T. Christopher Fargo served as tax counsel to Warner Media in connection with its investment in NewTV, as part of its $1bn initial funding round. He also acted for Cincinnati Bell alongside Andrew Needham (who has ‘a wealth of knowledge and experience in a wide-variety of tax areas’) in relation to its $650m combination with Hawaiian Telcom. Elsewhere, J Leonard Teti II acted for Amazon.com in its $1bn acquisition of Ring, and Kara Mungovan advised Altra Industrial Motion on its $3bn combination with four operating companies from Fortive’s Automation and Specialty platform. Also recommended is Lauren Angelilli, who was made practice co-head in early 2019.
Widely recognized as ‘a heavyweight underwriters’ counsel’, Cravath, Swaine & Moore LLP also has a robust issuer-side practice that is particularly prominent in cross-border offerings. The New York-based group is best known for its deep bench, which is especially impressive at senior level, and its close relationships with all the major investment banks. North America capital markets head Andrew Pitts, ‘a simply great attorney’, enjoys a strong profile in the market and recently teamed up with financing practice co-head William Fogg to advise the underwriters (led by Morgan Stanley and JP Morgan) on Baker Hughes’ $2.1bn secondary offering. Pitts also advised the initial purchasers on VICI Properties’ $1bn private placement. Craig Arcella, who co-leads the financing group, advised Morgan Stanley as the underwriter on a $1.1bn common stock offering by State Street. Among its issuer highlights, financing co-head Stephen Burns, together with Johnny Skumpija, assisted Crown Castle International with its $831m common stock offering. Other key contacts include Scott Bennett (‘a really great lawyer’) and William Whelan.
According to sources, Cravath, Swaine & Moore LLP's New York-based group ‘is among the strongest manager-side specialists in the market’, and also receives a steady stream of mandates from high-yield debt issuers. A top choice for banks to advise on major, event-driven deals, the firm regularly demonstrates that it can turn its hand to sophisticated transactions in any sector. The diverse practice has worked to increase its market share of energy deals, which has recently included financing co-head Stephen Burns advising the underwriters on Chesapeake Energy’s $1.2bn high-yield debt offering. The healthcare industry also proved a significant source of mandates during 2018, where Johnny Skumpija acted for the initial purchasers in a $1.8bn high-yield senior notes offering by Centene Escrow I Corporation, a wholly-owned subsidiary of Centene Corporation. On the issuer side, financing co-head William Fogg and recently promoted partner Michael Mariani advised TerraForm Power Operating, a portfolio company of Brookfield Asset Management, on its $1.2bn high-yield debt offering. Other key contacts include Joseph Zavaglia, who spearheaded the firm’s advice to the initial purchasers on Community Health Systems’ $1bn senior secured notes offering, financing co-head Craig Arcella and North America capital markets lead Andrew Pitts.
The advice provided by Cravath, Swaine & Moore LLP's antitrust team is 'practical and takes business realities into consideration'. David Marriott and Lauren Moskowitz are currently representing Alcon Laboratories in over 50 putative class actions alleging violations of Section 1 of the Sherman Act by the client's pricing policies for its contact lenses. Also notable are Evan Chesler, Peter Barbur, Rory Leraris and Kevin Orsini, who together secured a complete victory for American Express in the Second Circuit and US Supreme Court to end a longstanding dispute first brought by the DOJ then followed by several state attorneys alleging the client's card agreement 'non-discrimination' provisions violated the Sherman Act. Clients also recommend Lauren Roberta Kennedy and Karin DeMasi, who are 'both extremely responsive and give great legal counsel'. Katherine Forrest joined the team from her position with the government, and Vanessa Lavely was recently promoted to partner.
Leading trial lawyers Tier 2
Evan Chesler - Cravath, Swaine & Moore LLP Evan Chesler has over four decades of litigation experience in trial courts and acts across a range of industry sectors including pharmaceuticals and financial services. He recently represented Merck in patent infringement claims regarding the sale of one of its drugs. Other highlights include successfully defending long-standing client American Express in a significant antitrust enforcement action in the US Supreme Court, which marked the end of an eight-year lawsuit.
The broadcasting, media and entertainment practice at Cravath, Swaine & Moore LLP handles a range of corporate and M&A transactions for its impressive client roster. In recent work highlights, the group acted for Time Warner in its $109bn sale to AT&T, and assisted The Walt Disney Company with its pending $85bn acquisition of Twenty-First Century Fox and in connection with 21st Century Fox’s pending $15bn sale of its 39% stake in Sky to Comcast. The firm also advised Charles M. Schulz Creative Associates on the $178m sale by DHX Media of a 49% stake in its interest in Peanuts Holdings to Sony Music Entertainment (Japan). A team led by George Schoen acted for Warner Media in connection with its investment in WndrCo. Faiza Saeed heads the practice which also includes Ting Chen. All attorneys are based in New York.
Merger control Tier 2
Christine Varney leads the merger control practice at Cravath, Swaine & Moore LLP, which recently welcomed former US district judge Katherine Forrest. The group was recently appointed by Akorn to oversee its pending sale to Fresenius Kabi, and Varney acted for Alere in its sale to Abbott Laboratories. Also notable are Margaret Segall D’Amico, who represented Jose Cuervo in the antitrust issues arising from its acquisition of the Pendleton Whiskey brand assets from Hood River Distillers, and Julie North, who handled Crown Castle's acquisition of Lightower from Berkshire Partners, Pamlico Partners and other investors. Recent-made partner Vanessa Lavely is also a key name.
Technology transactions Tier 2
Cravath, Swaine & Moore LLP has extensive experience advising blockchain, media, biotech and software companies on matters including joint venture and M&A-driven technology licensing deals and development contracts involving cybersecurity and artificial intelligence. Faiza J. Saeed and practice co-head David J. Kappos, who are both based in New York, are advising The Walt Disney Company in connection with its pending $85bn acquisition of 21st Century Fox, which involves agreements for a multitude of copyright-based domain names and film production technology. Kappos also advised Biogen on its expansion of its existing agreement with pharmaceuticals company Eisai to jointly develop and commercialize certain Alzheimer’s disease treatments. Other New York contacts include Keith Hallam and practice co-head George F. Schoen, the latter of whom acted for Warner Media in its investment in NewTV as a part of its $1bn initial funding round. Allison M. Wein was promoted to partner in January 2019.
The 'extremely service-minded' team at Cravath, Swaine & Moore LLP has 'great expertise in relation to FCPA investigations, particularly related to the SEC'. David Stuart (who is 'always calm in stressful situations') and Daniel Slifkin are representing Insys Therapeutics in an SEC investigation into the company's financial restatement and disclosures, sales and marketing practices and compliance program. In another key matter, David Greenwald is representing two Swiss banks in connection with DOJ and IRS investigations into their provision of banking services to US taxpayers. 'Always firm and to the point', Rachel Skaistis is recommended alongside Benjamin Gruenstein and 'first-tier lawyer' John Buretta, who commands 'great respect from prosecutors'.
Fintech Tier 3
The New York-based blockchain and financial technology team at Cravath, Swaine & Moore LLP fields a multidisciplinary team leveraging corporate, M&A, capital markets, financing, tax, intellectual property and litigation expertise. The group frequently acts for IBM in connection with investments into financial technology companies and advised the client on the formation of TradeLens, a blockchain-enabled shipping solution which was jointly developed by Maersk and IBM. Other recent work ranges from acting for financial technology solutions company DH Corporation on its C$4.8bn sale to Vista Equity Partner and representing American Express (AmEx) in litigation relating to allegations that AmEx and numerous other issuers of credit and charge cards conspired to shift certain costs of fraudulent charges from the card issuers to merchants. Other clients include FactSet and JPMorgan; the group is assisting the former with the $265m acquisition of automated trading solutions developer Portware and acted for the latter in connection with the arrangement of credit facilities totaling $7.55bn made available to Automatic Data Processing. Intellectual property expert David Kappos has particular experience advising on blockchain issues. Corporate partners Scott Bennett and Michael Mariani are other key names to note.
Leading trial lawyers Tier 3
Richard Clary - Cravath, Swaine & Moore LLP Richard Clary has extensive experience in defending financial institutions in a wide variety of civil and commercial disputes ranging from securities litigation and bankruptcy-related claims. He is representing Credit Suisse in a number of different matters, including one case that was successfully appealed in the US District Court bought by Lehman Brothers Special Financing. Other clients include IBM and JPMorgan Chase.
The New York-based litigation team at Cravath, Swaine & Moore LLP acts for media and entertainment sector clients such as HBO, Hearst Communications and Time Warner; it recently advised the latter on antitrust issues in connection with its $109 billion sale to AT&T in a matter led by a team including Peter Barbur. In another work highlight, the group is representing ABC and ESPN as intervenors in the high-profile NCAA grant-in-aid cap antitrust litigation, in which the broadcasters are opposing the release of confidential broadcast, media and sponsorship agreements. Karin DeMasi and Evan Chesler are acting for The Weinstein Company in a books and records demand suit brought by Harvey Weinstein; the team also represented the client in a breach of contract lawsuit at the New York Supreme Court brought by Speedee Distribution. The practice frequently handles employment and intellectual property litigation and benefits from the addition of Hon. Katherine Forrest from her role as a district judge for the Southern District of New York. J Wesley Earnhardt is another key name to note.
Shareholder activism Tier 3
Key names at Cravath, Swaine & Moore LLP include Robert Townsend and Keith Hallam, who advised Cincinnati Bell on its successful defense of a proxy campaign brought by GAMCO over three board seats. Also recommended are George Schoen and Ting Chen, who advised Avon Products on a nomination agreement with Barington Capital.
Appellate Tier 4
Cravath, Swaine & Moore LLP regularly handles the appellate stage in matters in which the group is already conducting trial court litigation. In the antitrust enforcement case of Ohio v American Express Co., the team successfully defended the respondent against claims brought before the US Supreme Court; Evan Chesler presented arguments and convinced the Court to reject antitrust challenges to American Express’ anti-steering provisions contained in its merchant contracts. In a highlight at the New York State Court of Appeals, the trio of Richard Clary, Michael Reynolds and Lauren Moskowitz secured a victory for Credit Suisse Securities USA by achieving the dismissal of claims brought pursuant to the Martin Act, a New York anti-fraud law. Antony Ryan and Gary Bornstein are also key figures. In September 2018, former judge Katherine Forrest re-joined the firm.
Cravath, Swaine & Moore LLP in New York has particular strengths in the pharmaceuticals and telecoms sectors. On the pharmaceuticals side, Keith Hummel and David Greenwald defended Amgen in pioneering BPCIA litigation brought by AbbVie in 2016, alleging infringement of ten AbbVie patents by Amgen's Amjevita, a biosimilar to blockbuster drug Humira. On the telecoms side, the group represents Qualcomm in a series of suits regarding modem chips, including several cases against Apple and a case against the Federal Trade Commission concerning an alleged breach of Section 5 of the Federal Trade Act. A major technology highlight was the successful representation of Alarm.com in a Federal Circuit case following IPRs against Vivint, which had filed for patent infringement of home security technology patents. Other notable instructions came from DRI Capital, Juno Therapeutics and OrbusNeich. Richard Stark, David Kappos, David Greenwald and chairman Evan Chesler are other names to note. Vanessa Lavely made partner, and former US district judge Katherine Forrest joined the team.
Cravath, Swaine & Moore LLP > Firm Profile
Celebrating its bicentennial in 2019, Cravath, Swaine & Moore LLP has been known as one of the premier U.S. law firms for two centuries. Each of the firm’s practices is highly regarded, and Cravath lawyers are recognized for their commitment to the representation of their clients’ interests in the U.S. and throughout the world.
International experience: Cravath is committed to an international practice of the highest quality. Its lawyers regularly advise clients based outside the U.S. on a wide range of international transactions, including cross-border mergers and acquisitions, international capital markets and bank financings, and general corporate and SEC compliance matters. The firm’s investigations team has expertise conducting cross-border internal and government investigations involving companies subject to multiple government authorities operating under differing regulatory regimes. Cravath represents clients in litigation in US courts and in arbitrations and investigations conducted throughout the world.
Main areas of practice: Corporate: Cravath’s work with many of the world’s most significant companies has enabled it to develop a broad-based corporate practice. Clients repeatedly choose Cravath for their largest and most complex matters. The firm’s corporate lawyers represent companies in a diverse range of M&A transactions, including public company mergers, acquisitions, divestitures, spin-offs and joint ventures, as well as hostile takeovers and the defense of companies and boards of directors against activist hedge funds. Cravath also advises private equity firms and their portfolio companies across all aspects of their lifecycle, such as fund formation, mergers, acquisitions, dispositions, financings and tax planning and structuring. The firm has a highly regarded capital markets practice, representing issuers and investment banks in domestic and global offerings. Cravath’s banking and credit lawyers regularly represent major financial institutions and borrowers on acquisition financings and lending transactions ranging from simple credit agreements to complex multicurrency, multijurisdictional financings. The firm provides corporate governance advice to clients facing difficult choices and evaluates complex and often unprecedented transactions under the most demanding circumstances. The financial restructuring and reorganization practice addresses a wide range of issues triggered by financial distress or insolvency. Cravath’s highly regarded environmental lawyers work with its clients on matters related to acquisition and disposition strategies, financings and regulatory compliance with respect to a broad range of environmental issues. The firm’s IP lawyers advise clients in many corporate contexts, including acquisitions and divestitures, multiparty joint ventures and strategic investments, licensing agreements and portfolio development and exploitation.
Tax: Cravath’s tax department designs tax-efficient structures for mergers, spin-offs, joint ventures, private equity deals and internal restructurings. In addition, its lawyers advise issuers and underwriters on the tax aspects of all types of capital markets offerings and credit facilities. Clients rely on Cravath’s tax lawyers for their extensive legal knowledge, practical and sound business judgment and ability to explain esoteric issues in a clear and understandable way.
Executive Compensation & Benefits: Cravath’s ECB department brings experience and judgment to clients’ executive compensation and benefits matters. Its ECB lawyers advise companies, boards of directors, compensation committees and members of senior management in a variety of compensation and benefit arrangements, as well as legal compliance concerns.
Litigation: Clients turn to Cravath to handle their most significant and sensitive disputes and investigations across a broad range of practice areas and industries. The firm’s litigators are routinely called upon to represent clients in trials and appeals in federal and state courts, in domestic and international arbitrations, before administrative agencies and regulatory authorities, and in many other types of proceedings, including internal and government investigations and enforcement actions. The firm has extensive experience in such diverse areas of the law as antitrust, bankruptcy, corporate governance, employment, general commercial, IP, M&A, securities, tax and white collar criminal defense. Companies, boards and board committees regularly rely on the firm to handle contested transactions and guide them through the intricacies of shareholder litigation and investigations, as well as complying with applicable laws and regulations. In addition to handling antitrust litigation, the firm advises on business conduct or potential investments to ensure compliance with antitrust laws and represents clients in securing regulatory approvals. With respect to IP, the firm handles critical litigation involving trade secrets, patents, copyright and trademarks in industries as wide-ranging as technology, pharmaceuticals and financial services. Cravath also frequently advises clients on national and worldwide IP strategy and the identification of IP assets that can be used effectively for offensive or defensive purposes. In the area of securities litigation, the firm is widely recognised for handling complex and often precedent-setting cases.
Trusts & Estates: Cravath’s trusts and estates lawyers have served as
legal counsel, advisors and trustees to several generations of families who built many of the world’s most important businesses. The firm’s lawyers work closely with U.S. and non-U.S. private clients to realize their business, estate planning and philanthropic goals by advising them on the creation and administration of trusts, estates and charitable foundations.
|Presiding Partner||Faiza J Saeed|
|Ms Lauren Angelilli||View Profile|
|Mr Craig Arcella||View Profile|
|Mr Peter Barbur||View Profile|
|Mr Robert Baron||View Profile|
|Mr D Scott Bennett||View Profile|
|Mr Gary Bornstein||View Profile|
|Mr John Buretta||View Profile|
|Mr Stephen Burns||View Profile|
|Mr Timothy Cameron||View Profile|
|Ms Ting Chen||View Profile|
|Mr Evan Chesler||View Profile|
|Mr Richard Clary||View Profile|
|Ms Jennifer Conway||View Profile|
|Ms Karin DeMasi||View Profile|
|Mr Nicholas Dorsey||View Profile|
|Mr Thomas Dunn||View Profile|
|Mr J Wesley Earnhardt||View Profile|
|Mr Andrew Elken||View Profile|
|Yonatan Even||View Profile|
|Mr Christopher Fargo||View Profile|
|Mr David Finkelstein||View Profile|
|William Fogg||View Profile|
|Ms Katherine Forrest||View Profile|
|Mr Michael Goldman||View Profile|
|Mr Stephen Gordon||View Profile|
|Mr Mark Greene||View Profile|
|Mr David Greenwald||View Profile|
|Mr Aaron Gruber||View Profile|
|Mr Benjamin Gruenstein||View Profile|
|Mr Kenneth Halcom||View Profile|
|Mr Richard Hall||View Profile|
|Mr Keith Hallam||View Profile|
|Ms Damaris Hernández||View Profile|
|Mr Eric Hilfers||View Profile|
|Ms Jenny Hochenberg||View Profile|
|Mr Keith Hummel||View Profile|
|Mr David Kappos||View Profile|
|Mr Jonathan Katz||View Profile|
|Ms Lauren Kennedy||View Profile|
|Mr Stephen Kessing||View Profile|
|Ms Tatiana Lapushchik||View Profile|
|Ms Vanessa Lavely||View Profile|
|Ms Rory Leraris||View Profile|
|Mr G.J. Ligelis Jr.||View Profile|
|Mr Michael Mariani||View Profile|
|Mr David Marriott||View Profile|
|Mr Darin McAtee||View Profile|
|Mr David Mercado||View Profile|
|Mr Matthew Morreale||View Profile|
|Ms Lauren Moskowitz||View Profile|
|Mr Daniel Mosley||View Profile|
|Ms Kara Mungovan||View Profile|
|Mr Omid Nasab||View Profile|
|Mr Andrew Needham||View Profile|
|Ms Julie North||View Profile|
|Mr Kevin Orsini||View Profile|
|Mr Michael Paskin||View Profile|
|Mr David Perkins||View Profile|
|Mr Andrew Pitts||View Profile|
|Mr Michael Reynolds||View Profile|
|Ms Sasha Rosenthal-Larrea||View Profile|
|Mr Antony Ryan||View Profile|
|Ms Faiza Saeed||View Profile|
|Mr Michael Schler||View Profile|
|Mr George Schoen||View Profile|
|Ms Margaret Segall D’Amico||View Profile|
|Ms Rachel Skaistis||View Profile|
|Mr Johnny Skumpija||View Profile|
|Mr Daniel Slifkin||View Profile|
|Mr Richard Stark||View Profile|
|Mr David Stuart||View Profile|
|Mr Erik Tavzel||View Profile|
|Ms Annmarie Terraciano||View Profile|
|Mr J Leonard Teti II||View Profile|
|Mr Robert Townsend III||View Profile|
|Mr Minh Van Ngo||View Profile|
|Ms Christine Varney||View Profile|
|Ms Allison Wein||View Profile|
|Mr William Whelan, III||View Profile|
|Mr John White||View Profile|
|Mr Joseph Zavaglia||View Profile|
|Mr George Zobitz||View Profile|
|Mr Damien Zoubek||View Profile|
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Staff FiguresNumber of Partners : 85 Number of Lawyers : 525
Cravath, Swaine & Moore LLP > Firm Profile
Firm Overview: Celebrating its bicentennial in 1819, Cravath, Swaine & Moore LLP is widely recognised as one of the preeminent law firms in the world. Each of the firm’s practices is highly regarded, and Cravath lawyers are recognised for their commitment to the representation of their clients’ interests in Latin America and throughout the world.
Main Areas of Practice
Corporate: Cravath regularly represents international clients across numerous industries in a full range of public and private corporate transactions, both friendly and hostile. A significant component of the firm’s work involves private equity funds. Structuring complex cross-border merger and acquisition transactions has historically been a significant part of the firm’s Latin American practice and Cravath is often tapped for the largest and most sophisticated transactions in the region. Its lawyers also advise boards of directors and special committees, helping them navigate the myriad of issues involved in complex transactions and conflicts of interest. Cravath’s tax department designs sophisticated tax-efficient structures for complex transactions and works to capture the benefits of differences in the tax law in different jurisdictions. The firm’s executive compensation and benefits lawyers advise clients in a variety of compensation and benefit arrangements as well as legal compliance concerns. Its environmental lawyers work with clients on matters related to acquisition and disposition strategies, financings and regulatory compliance with respect to a broad range of environmental issues. Cravath’s intellectual property lawyers advise clients in many corporate contexts, including acquisitions and divestitures, multiparty joint ventures and strategic investments, licensing agreements and portfolio development and exploitation.
Finance: Cravath has extensive experience advising on a broad range of capital markets and banking and credit matters. Its capital markets lawyers represent both issuers and investment banks in all types of U.S. and non-U.S. offerings. The firm’s banking and credit lawyers regularly represent major financial institutions and borrowers on acquisition financings and lending transactions ranging from simple credit agreements to complex multicurrency, multijurisdictional financings.
Financial Restructuring and Reorganisation: Companies facing their most important and challenging cases and transactions due to bankruptcy, restructuring or reorganisation often rely upon Cravath’s deep understanding of the business dynamics involved in finance and restructuring. The firm has significant experience handling litigation related to alleged breaches of fiduciary duty by officers and board members of distressed companies, disputes arising out of lender claims, alleged breaches of contract and alleged fraudulent conveyances. Its lawyers also have substantial expertise in debtor-in-possession (DIP) and “exit” financing, advising independent directors and boards of directors, distressed and bankruptcy M&A (including Section 363 transactions), as well as municipal and sovereign restructuring.
Investigations & White Collar Criminal Defence: Clients turn to Cravath to handle their most significant and sensitive disputes and investigations across a broad range of practice areas and industries. Cravath advises corporations, boards and executives in significant white collar defence and regulatory enforcement matters, government and internal investigations, and monitorships around the globe involving a variety of issues, including the Foreign Corrupt Practices Act (FCPA) and foreign anti-corruption laws, trade sanctions and export controls, accounting fraud, antitrust, insider trading, tax evasion, cyber intrusion and money laundering. The firm also assists clients in conducting fact-finding exercises with respect to shareholder demands and advises on compliance obligations, potential areas of exposure and preventive measures. Its investigations team includes attorneys who have spent portions of their careers at US government agencies.
Cravath’s litigation department is staffed by trial lawyers with broad courtroom experience in complex litigation across all industries in such diverse areas of the law as antitrust, bankruptcy, general commercial, intellectual property, M&A, securities and white collar. The firm’s litigators routinely represent clients in trials and appeals in federal and state courts, domestic and international arbitrations, before administrative agencies and regulatory authorities, and in many other types of proceedings, including investigations.
Clients: Along with governments and multinational institutions, the firm’s client base includes some of the world’s best known companies and financial institutions, including Anheuser-Busch InBev, Axtel, Banco Santander, Buscapé, Casa Cuervo, Cemex, Cholula, Coteminas, Cutrale Group, GP Investments, Grupo Carso, Grupo Gigante, Grupo Lala, Grupo Lamosa, Grupo Modelo, JBS, Magnesita Refratários, OCCEL, Office Depot de México, Panamco, Republic of Argentina, Sadia, Safra Group, San Antonio Internacional, Vitro and YPF. In recent years, the firm has participated in matters involving companies based in Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru and Venezuela.
United States: Blockchain
Published: November 2019
Authors: David J. Kappos D. Scott Bennett Michael E. Mariani
This country-specific Q&A provides an overview to Blockchain laws and regulations that may occur in United States.
United States: Litigation
Published: June 2019
Authors: Timothy G. Cameron
This country-specific Q&A provides an overview to Litigation laws and regulations that may occur in United States.
United States: Bribery & Corruption
Published: August 2019
Authors: John D. Buretta
This country-specific Q&A provides an overview to Bribery & Corruption laws and regulations that may occur in United States.
United States: Mergers & Acquisitions
Published: March 2020
Authors: Richard Hall
This country-specific Q&A provides an overview to Mergers & Acquisitions laws and regulations that may occur in United States.
U.S. M&A Activism
Published: March 2020
Authors: Richard Hall
Top Tier Firm Rankings
- Capital markets: debt
- Capital markets: global offerings
- Commercial lending
- Employee benefits, executive compensation and retirement plans: transactional
- Environment: transactional
- Financial services litigation
- General commercial disputes
- International tax
- M&A litigation: defense
- M&A: large deals ($1bn+)
- Securities litigation - defense
- Telecoms and broadcast: transactional
- US taxes: non-contentious
- Capital markets: equity offerings
- Capital markets: high-yield debt offerings
- Civil litigation/class actions: defense
- Leading trial lawyers
- Media and entertainment: transactional
- Merger control
- Technology transactions
- Corporate investigations and white-collar criminal defense
- Media and entertainment: litigation
- Shareholder activism
- Patents: litigation (full coverage)