How Long Will Cravath Be Able To Cling To Its Prestige?

The firm is changing its ways, but will be be enough?

By Staci Zaretsky on June 13, 2023 4:12 pm

Ed. note: Welcome to our daily feature, Quote of the Day.

I think they are grappling with how to move into this new era of law firms.

What Even Is AI ‘Competence’? It Depends.

Takeaways from a Legalweek panel on evolving malpractice risks.

By Jeremy Barker

But I think they may be hampered by the view that they are Cravath and they are smarter and above the fray.

— Alisa Levin, co-founder and partner at legal search firm Greene-Levin-Snyder, in comments given to the American Lawyer on Cravath’s future as a leading law firm. Cravath has lost both partners and placement in financial rankings in recent years, and industry insiders are wondering if the firm will be able to hold onto its cachet as a truly elite firm for much longer.

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.