Magic Circle firms
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Cravath/Milbank Scale and Big Law
Historically, “white-shoe” firms—a term rooted in the white buck shoes popular among Ivy League students—refer to elite firms in law, finance, consulting, and accounting that serve major corporate clients in the financial world. These firms have long prioritized recruiting top Ivy League graduates, leveraging both their credentials and networks to enhance their own prestige and…
attorney salaries, Big Law, corporate law, Cravath System, elite law firms, hourly billing, Ivy League recruitment, law firm compensation, law firm partnerships, law firm training, legal billing rates, legal career path, legal industry, legal profession, legal recruitment, Magic Circle firms, Seven Sisters law firms, up or out policy, white-shoe firms
Body of Knowledge 